CPGX

Columbia Pipeline Group Inc

Energy


Presented:10/19/2015
Price:$21.08
Cap:$6.70B
Current Price:$25.49
Cap:$0.25B

Presented

Date10/19/2015
Price$21.08
Market Cap$6.70B
Ent Value$13.45B
P/E RatioN/A
Book Value$8.22
Div Yield0%
Shares O/S317.62M
Ave Daily Vol2,471,332
Short Int1.78%

Current

Price$25.49
Market Cap$0.25B
Columbia Pipeline Group, Inc. provides gas transportation and storage services. It operates interstate pipeline, gathering and processing assets extending from New York to the Gulf of Mexico, including an extensive footprint in the Marcellus and Utica Shale production areas. The firm offers services to local gas distribution companies and users of natural gas. Columbia Pipeline Group also operates natural gas storage systems. The company is headquartered in Houston, TX.

Publicly traded companies mentioned herein: Columbia Pipeline Group Inc (CPGX), Columbia Pipeline Partners LP (CPPL), Kinder Morgan Inc (KMI), NiSource Inc (NI), Statoil ASA (STO)

Highlights

Columbia Pipeline Group (CPGX) was spun-off from NiSource on July 1, 2015. The presenter believes there has been a lot of “forced selling” in the energy sector and at $21 per share he is long the stock and sees CPGX as having an attractive risk/ reward profile. The group of companies under the CPGX umbrella own and operate over 15,000 miles of natural gas pipelines and one of the largest underground natural gas storage systems in North America “so oil doesn’t have to go back to $80 for shares to appreciate.” With a large backlog and natural gas volumes widely expected to grow from 75 bcf/day to 95 bcf/day by the end of 2017 there is a high degree of visibility into the company’s potential future performance.

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