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Sunoco Logistics Partners has proposed a nearly $20 billion merger with Energy Transfer Partners, the Dallas-based firm that is constructing the Dakota Access Pipeline, in what has been dubbed the first “Trump contract” (DAPL). ETP operates 71,000 miles of crude oil and natural gas pipelines in the US, while Sunoco is one of the country’s largest pipeline operators. Despite the fact that ETP is the larger of the two, Sunoco has designated the transaction as an acquisition.
Following Donald Trump’s inauguration, financial analysts claim this may be a sign of upcoming changes in the oil and gas market. The merger would most likely be the first of several “Trump deals” in the energy market, according to CNBC host Jim Cramer. “Pipelines will be champions under Trump,” Cramer predicted on Monday. Kelcy Warren, ETP’s CEO, said he was “very, very excited about what’s going to happen with our country” in a call with investors after the election.
Trump vowed to scale back controls on the fossil fuel industry and unleash “a treasure trove of untapped energy” during his campaign. Warren, who will continue to lead the new pipeline corporation as CEO, donated more than $100,000 to Trump’s campaign. Trump is a shareholder of the ETP.
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The Markets Insider currency calculator converts Cardano to Metaverse ETP in a matter of seconds. Vacationers in Krypto will convert currency at the current rate. For investors invested in foreign stock markets with various currencies, the currency calculator is an excellent method.
Converting from Cardano to Metaverse ETP is possible at both current and historical rates; to do so, choose the desired exchange rate date. By default, the date is set to today’s date. The currency converter also displays the previous day’s closing rate as well as the highest and lowest exchange rates for Cardano – Metaverse ETP. The findings are presented in a well-organized table. The Markets Insider currency calculator provides other exchange rates for around 160 foreign currencies in addition to the Cardano – Metaverse ETP rate.
You can choose from two lists in the menu to get the desired exchange rates for around 160 foreign currencies. In addition to the current rate, the currency calculator helps you to measure historical exchange rates. The results are presented in a table that includes the previous day’s closing rate, the opening rate, as well as the lowest and highest rates for each date.
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Jim Cramer rated Core Laboratories NV (NYSE:CLB) as a Buy. On February 10, 2012, Cramer rated this stock as a Buy. The 52-week high for the stock is $143.21, and the 52-week low is $94.72.
Jim Cramer rated Duke Energy Corporation (NYSE:DUK) as a Buy. On January 23, 2013, Cramer rated this stock as a Buy. The 52-week high for the stock is $71.13 and the 52-week low is $59.63.
Jim Cramer rated Energy Transfer Partners L.P. (NYSE:ETP) as a Sell. On June 21, 2012, Cramer rated this stock as a Buy. The stock has a 52-week high of $51.00 and a low of $40.19.