Valero Partners Acquires Attractive Port Arthur Assets From Valero
Valero Energy Partners has agreed to acquire Port Arthur terminal assets and the Parkway pipeline from Valero for $508 million. As we generally see drop-downs being acquired at fair prices because both parties wish to minimize conflict-of-interest issues, while organic opportunities offer the best returns for unitholders, we plan to maintain our wide moat rating and $52 fair value estimate for Valero Energy Partners. Accordingly, we see the EBITDA multiple of about 8.5 times for the assets as fa...
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.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.