NEW YORK, January 4, 2017 /PRNewswire/ --

Stock-Callers.com reviews the Oil and Gas Pipelines space to see how current oil prices have influenced the performances of select equities. Under evaluation this morning are: SemGroup Corp. (NYSE: SEMG), Centennial Resource Development Inc. (NASDAQ: CDEV), EnLink Midstream LLC (NYSE: ENLC), and Spectra Energy Partners L.P. (NYSE: SEP). According to a report on ETEnergyworld, EIA forecasts Brent crude oil to average $52 per barrel in 2017 compared to $43 per barrel in 2016, close to 21% upward correction. Meanwhile, West Texas Intermediate crude oil prices are projected to average about $51 per barrel this year. Register now and get full and free access to our downloadable research reports on these stocks at:

http://stock-callers.com/registration

SemGroup

On Tuesday, shares in Oklahoma headquartered SemGroup Corp. recorded a trading volume of 587,141 shares. The stock ended at $42.30, climbing 1.32% from the last trading session. The Company's shares have gained 16.21% in the last one month, 21.27% over the previous three months, and 1.32% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 16.59% and 33.22%, respectively. Furthermore, shares of SemGroup, which provides gathering, transportation, storage, distribution, marketing, and other midstream services for producers, refiners of petroleum products, and other market participants, have a Relative Strength Index (RSI) of 70.63.

On December 19th, 2016, SemGroup and NGL Energy Partners L.P. announced that its jointly owned venture, Glass Mountain Pipeline, LLC will construct a 44-mile pipeline extension of the Glass Mountain Pipeline system in Oklahoma. This extension will deliver crude oil from north-central Oklahoma's STACK resource play to Cushing, Oklahoma. Access our complete research report on SEMG for free at:

http://stock-callers.com/registration/?symbol=SEMG Centennial Resource Development

Colorado-based Centennial Resource Development Inc.'s stock finished yesterday's session 1.17% lower at $19.49 with a total trading volume of 946,622 shares. The Company's shares have gained 8.40% in the last one month. Shares of the Company, which together with its subsidiary, Centennial Resource Production, LLC, operates as an independent oil and natural gas company in the US, are trading above its 50-day and 200-day moving averages by 3.24% and 3.24%, respectively.

On December 09th, 2016, research firm Wunderlich initiated a 'Buy' rating on the Company's stock, with a target price of $24 per share.

On December 29th, 2016, Centennial Resource announced that it has closed the previously announced acquisition of leasehold interests and related upstream assets in Reeves County from Silverback Exploration, LLC for a purchase price of approximately $855 million, subject to customary post-closing adjustments. Centennial also announced that it has closed the previously announced private placement of equity securities with certain accredited investors, including Riverstone Holdings LLC and affiliated funds, for total gross proceeds of $910 million. The complimentary research report on CDEV can be downloaded at: http://stock-callers.com/registration/?symbol=CDEV EnLink Midstream

At the closing bell on Tuesday, shares in Texas headquartered EnLink Midstream LLC rose 0.79%, ending the day at $19.20. The stock recorded a trading volume of 252,943 shares. The Company's shares have advanced 4.63% in the last one month, 20.14% over the previous three months, and 0.79% on an YTD basis. The stock is trading 11.06% above its 50-day moving average and 25.27% above its 200-day moving average. Moreover, shares of EnLink Midstream, which engages in gathering, transmission, processing, and marketing of natural gas and natural gas liquids, condensate, and crude oil in the US, have an RSI of 66.74.

On December 20th, 2016, Alberta Investment Management Corp. announced that it has agreed to acquire an ownership stake in Howard Energy Partners from EnLink Midstream Partners. The transaction is expected to close during Q1 2017, subject to customary closing conditions, including regulatory approvals. Register for free on Stock-Callers.com and get access to the latest PDF format report on ENLC at:

http://stock-callers.com/registration/?symbol=ENLC Spectra Energy Partners

Houston, Texas-based Spectra Energy Partners L.P.'s stock ended the day 0.63% higher at $46.13. A total volume of 513,989 shares was traded, which was above their three months average volume of 467,260 shares. The Company's shares have gained 10.70% in the last month, 9.20% over the previous three months, and 0.63% on an YTD basis. The stock is trading 6.41% above its 50-day moving average and 3.52% above its 200-day moving average. Additionally, shares of Spectra Energy Partners, which operates as an investment arm of Spectra Energy Corp., have an RSI of 64.82.

On December 15th, 2016, Spectra Energy announced that during a special stockholder meeting, Spectra Energy's stockholders voted overwhelmingly to approve the previously announced combination of Spectra Energy with Enbridge Inc., in a stock-for-stock merger transaction. Once the transaction is completed, the combination will create the largest energy infrastructure company in North America and one of the largest globally, with a pro-forma enterprise value of approximately US$127 billion. Download your free research report on SEP at:

http://stock-callers.com/registration/?symbol=SEP

--

Stock Callers: 

Stock Callers (SC) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. SC has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below. 

SC has not been compensated; directly or indirectly; for producing or publishing this document. 

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email info@stock-callers.com. Rohit Tuli, a CFA(R) charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by SC. SC is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY 

SC, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. SC, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, SC, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice. 

NOT AN OFFERING 

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither SC nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit

http://stock-callers.com/legal-disclaimer

            CONTACT 
        For any questions, inquiries, or comments reach out to us directly. If you're a company
         we are covering and wish to no longer feature on our coverage list contact us via
         email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at: 
        Email: info@stock-callers.com 
        Phone number: +44 330 808 3765 
        Office Address: Clyde Offices, Second Floor, 48 West George Street, Glasgow, U.K. -G2
         1BP 

 

CFA(R) and Chartered Financial Analyst(R) are registered trademarks owned by CFA Institute.

SOURCE Chelmsford Park SA