Report
Stephen Ellis
EUR 100.00 For Business Accounts Only

Tallgrass Continues To Be Highly Creative With Capital Allocation

Tallgrass Energy and Kinder Morgan agreed to work together to expand crude oil takeaway capacity from the Powder River and DJ basins and move those barrels via the Seahorse Pipeline to the Gulf Coast.
Financial terms of the transaction were not disclosed, but as Tallgrass is contributing its Pony Express system and Kinder Morgan is contributing portions of its Wyoming and Cheyenne Plains Gas pipeline (which will be converted to oil), we see this transaction as quite strategic. We do not plan to...
Underlying
Tallgrass Energy LP Class A

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

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Analysts
Stephen Ellis

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