EnLink Midstream Update - Dec 13
Posted: Thu Dec 13, 2018 4:13 pm
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.
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.