San Antonio-based publicly traded partnership,
NuStar Energy LP
), reported the completion of its North Beach Terminal's private
marine loading dock ahead of time. The terminal is located in
Corpus Christi, Texas. The construction of the dock was expected
to be finished by the second quarter of 2014.
The project was completed before schedule to meet the mounting
shipment demand of Eagle Ford crude oil. The development consists
of several 30-inch and 12-inch pipelines to transport oil from
the tank of the North Beach Terminal to the newly constructed
With the latest addition, NuStar Energy now owns three loading
docks in Corpus Christi, Texas. The partnership has also finished
the revamp of the pump systems of the terminal. These
developmental projects have enhanced the loading capacity of the
North Beach terminal by more than three folds to 400,000 barrels
NuStar Energy is a master limited partnership (MLP) that engages
in the transportation and storage of crude oil as well as refined
products in the U.S., the Netherlands Antilles, Canada, Mexico,
and the U.K. The partnership has interests in asphalt refining
and marketing in the U.S. and is the second largest independent
liquids terminal operator in the nation.
NuStar Energy currently retains a Zacks Rank #2 (Buy), implying
that it is expected to outperform the broader U.S. equity market
over the next one to three months.
One can also look at players in the oil and gas production
pipeline sector like
Crestwood Equity Partners LP
Energy Transfer Equity LP
Magellan Midstream Partners LP
). Crestwood Equity sports a Zacks Rank #1 (Strong Buy), while
Energy Transfer Equity and Magellan Midstream Partners hold a
Zacks Rank #2.
CRESTWOOD EQTY (CEQP): Free Stock Analysis
ENERGY TRAN EQT (ETE): Free Stock Analysis
MAGELLAN MDSTRM (MMP): Free Stock Analysis
NUSTAR ENERGY (NS): Free Stock Analysis
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