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SocialPicks Community
Perfect Time to Buy
EP
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-51.65%
in
509 days
El Paso Corp. between $19 - $19.25 is a perfect time to buy. This stock's chart has corrected over the past few weeks, but IMO I believe its simply b/c of the oil price sell-off. As with most oil or natural gas stock, the price direction is directly affected by the price of oil. Buy this now and hang on for 6 months or more and you will easily see a 25% - 30% increase due to the increase in U.S. drilling and natural gas production. $19 is a total bargain for this stock. <> I'm bullish on EP, but my only bearish sentiment would be the amount of debt they have. They have no prob...
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El Paso Corporation (Energy)
EP
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+0.40%
in
5 minutes
(closed on 05/10/07)
El Paso Corp. owns North America's largest natural gas pipeline system. Additionally, they are among one of the largest producers of natural gas and are expanding offices in the Middle East and North Africa. With the stability of energy stocks gorwing long-term and the summer driving months approaching, I recommend buying this affordable stock now. EP also pays dividends. Investor Website: http://investor.elpaso.com/phoenix.zhtml?c=97166&p=irol-i...
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From the Blogosphere
El Paso Tops, Ups Guidance – Analyst Blog
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El Paso Corporation (EP) reported an adjusted EPS of 23 cents for the third quarter of 2009, slightly above the Zacks Consensus Estimate of 22 cents, but below 35 cents posted in the same quarter a year ago. Encouraging performance in the Pipeline segment, which clocked an 17% operating earnings growth, was more than offset by lower realized commodity prices.
Reported net income, which includes the impact of production-related derivatives, ceiling test charges and other items, declined to $58 million or 8 cents per share from $436 million or 58 cents per share. Revenues dropped 39% to $981 ...
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El Paso scores $700M pipeline investment
Filed under: Earnings reports, Deals, Options, Commodities  El Paso Corporation (NYSE: EP) reported this morning that Global Infrastructure Partners (GIP) has agreed to invest $700 million in EP's Ruby Pipeline project, which will transport natural gas from the Rocky Mountain region to the Western United States. Under the terms of the deal, GIP will receive a 50% equity interest in three major traunches of the project. <>News of the lucrative investment has propelled EP to a gain of 1.7%, despite a downside bias in the broader equities market. The shares are positioned above support at their 1...
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Trading Radar for 5/8: Toyota (TM), Beazer Homes (BZH), Liberty Media (LINTA), Sonic Auto (SAH) Report; Nonfarm Payrolls, Unemployment Rate Due
The Trading Radar highlights key earnings and economic announcements for tomorrow's trading session:<u>Before Market Opens:</u>Economics:8:30am ET - Nonfarm Payroll for April - Street expects down 600K, compared to down 663K in March
- Unemployment Rate for April - Street expects 8.9%, compared to 8.5% last month
Earnings:Beazer Homes (NYSE: BZH) - consensus loss $1.60Calpine (NYSE: CPN) - consensus loss $0.11El Paso (NYSE: EP) - consensus EPS $0.27Huntsman (NYSE: HUN) - consensus loss $0.22K12 (NYSE: LRN) - consensus EPS $0.11Liberty Media (Nasdaq: LINTA) - consensus EPS $0.10Newcastle (NYSE...
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Readings
<> Consensus is too optimistic on the current upturn, plus lots more (Baseline) Hayek's Nobel Prize lecture (Source) James Dyson: Let engineers make Britain great again (The Observer) Good Bank/New Bank vs. Bad Bank: a rare example of a no-brainer (FT/Buiter) Bloomberg.com (Source) IMF may run out of cash to fight crisis in six months (Telegraph) Is complaining about others’ protectionism protectionist? (CFR/Setser) How Obama lost the conversation plot, plus the hangover theory of downturns (EP) It's Japan Again, Stupid (HuffPost/Pettifor) <>Grim res...
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El Paso Debt Deal Shows High Yield Market Is Not Dead, Just Expensive
To get an idea of how bad the high yield debt market is right now, one need only look at what price El Paso (EP) had to pay this week to issue $500 million worth of senior notes. El Paso is a solid company and should not have trouble selling debt. Its hybrid business model; energy pipelines coupled with exploration and production, makes the company's cash flow more predictable than more narrowly focused energy companies. <>Still, El Paso is paying 12% interest and even with such a coupon rate, could not sell the notes at par. Instead it discounted them to entice buyers, who will earn 15.25% by...
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About El Paso Corp.
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