Mar. 26 at 1:23 AM
$ET Michael Blum said Wednesday, upgrading Enterprise Products Partners (EPD), ONEOK (OKE), and Kinetik Holdings (KNTK).
Blum said he anticipates increased structural demand for LPG, with global buyers looking to lock up more long-term capacity from the U.S., which should drive additional LPG export expansions for Enterprise Products (EPD), Energy Transfer (ET), and Targa Resources (TRGP) and enable ONEOK (OKE) and MPLX (MPLX) to contract their 400K bbl/day Texas City export dock at favorable rates.