After spending much of the past year at no better than a four-star rank, El Paso
El Paso couples together its ownership and interests in North America's largest interstate natural gas pipeline system with its exploration and production business. Many CAPS members like the balance provided by such a structure and see good potential for El Paso.
The company bounced back to a profit in the fourth quarter, after a $1.69 billion loss in the prior-year period, and management likes the strong start it's seen so far this year. The company is currently focused on growing its exploration business and boosting liquidity through asset sales. Some investors see a lot of options for El Paso to unlock even more value from its various assets.
El Paso recently struck a $300 million deal with Sempra Energy
At 42,000 miles, El Paso's pipeline system is larger than Kinder Morgan Energy Partners'
With operations showing improvement over last year, and the company boosting its production target this year, many CAPS members think El Paso is only getting stronger.
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