EQT Midstream Partners LP
Last week I published an article that looked at the outlook for the top five post-IPO performers of the last year. However, numbers 2-10 are very close in terms of performance, thus I am looking at numbers 6-10 to determine their outlook moving forward.
#10 Intercept Pharmaceuticals (NASDAQ: ICPT)
Intercept has rallied 121.47% since its IPO price, yet has traded with a loss of 3% in 2013. The company more »
Based on historical tendencies, the market is poised to enter a sideways period or even a correction of up to 10%. Now would be the ideal time to raise a bit of cash and wait for the next can’t-miss IPO. While there is obviously no such thing as a can’t-miss stock when it comes to equity investing, the recent track record of this industry should at least perk more »
Natural gas prices slowly increased this year, driven by a colder winter and other consumer demands. This reverses the 2012 trend of declining prices. Not surprisingly, drilling activity declined with natural gas prices and then increased as prices rose. With natural gas prices coming off historic lows, which gas producers will benefit first? My bet, the ones paying the lowest production costs. Let’s look at three examples.
Small player more »
Natural gas driller EQT Corp. (NYSE: EQT) announced plans to sell its regulated gas utility business, Equitable Gas Co., to privately held Peoples Natural Gas. The $720 million deal also includes select midstream assets and commercial agreements. The sale will enable EQT to focus on its rapidly growing natural gas production business in the Marcellus Shale.
The deal accomplishes several things for EQT. First, it provides the company with the more »
The stock market provides something for everyone's risk appetite. A few weeks after one of the most hyped IPOs failed to live up to its hype, another IPO quietly hit the market with more energy than you'd expect. With much less fanfare, EQT Midstream Partners (NYSE: EQM) has run up nearly 16% from its offering price. Is this a sign of things to come, or should investors pass more »
Buffett warns investors to not invest in IPOs. His justification? IPOs are likely overpriced! While this notion stands valid in the case of one of the biggest IPOs of this decade, Facebook (NASDAQ: FB) it may not hold true universally. The fundamental cause of an overpriced IPO is 'investor sentiments'. Excess demand for a hot issue with a large intangible asset base that makes valuation difficult, can cause its IPO to be overpriced. But not all issues are met with the same investor overconfidence and overhype. Find out here about three such recent IPOs, one new upcoming IPO to avoid and one to consider.