On 09/02/2017, the Port of Corpus Christi announced announced the ship channel will be deepened from 47 MLLW to 54 MLLW and widened 530 feet plus additional barge shelves, this will allow two way vessel and barge traffic in tandem. Trafigura Terminals LLC retains a 20% holding in the terminal. Buckeye Texas Partners guarantees Buckeye an 80% majority interest in all of Trafigura Terminals LLC. The Buckeye Texas Hub will be a high trading area when it is completed. The Hun can already store 5 ships along with 3 deep water docks. These stats are with the current ship channel level.
BPL is currently 57.11 with a 200 day SMA of 65. I expect to see Hurricane Harvey effect BPL this quarter due to its stake in Houston. Current average analysis is Overweight. Average target price is 70.93. 52 week low is 54.33 and 52 week high is 73.01.
News of the Port project was issued today, not on a trading day.
What does r/StockMarket think?
Information on BPL in CC
Reputable news source information
Submitted September 02, 2017 at 06:12PM by HellsHandbag http://ift.tt/2eQds7O
No comments:
Post a Comment