EnLink Midstream Update - Dec 13

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dan_s
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Joined: Fri Apr 23, 2010 8:22 am

EnLink Midstream Update - Dec 13

Post by dan_s »

Anna Engstorm is one of our "Super Star" MBAs from SMU. She has updated our profile on EnLink Midstream and I spent several hours reviewing it today. Anna did a great job.

EnLink is a complex midstream company, but they announced a "Simplification Plan" in October that I believe will create a power house C-Corp.; one that the Wall Street Gang is going to love because it combines high dividend yield and significant growth potential. In a nutshell, ENLK the MLP is merging into ENLC the C-Corp. Global Infrastructure Partners (GIP) will end up with ~41% of the outstanding stock after the deal closes. GIP (a very large private company) acquired their ownership in EnLink from Devon Energy.
See: http://global-infra.com/

I believe the confusion surrounding the merger (not really that difficult to understand) and the general negativity toward energy sector stocks has created a very attractive entry price on this one. We will be sending out the profile in the morning. Look it over and let us know what you think.
Dan Steffens
Energy Prospectus Group
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