BKEPP - Blueknight Energy Partners: Ergon Offer Is Likely Preventing Common Units From Receiving Full Benefit Of Infrastructure Deal
- Ergon is offering $3.32 per common unit. This is a 9% increase from Blueknight's end of September price.
- Some other companies that benefit from the infrastructure deal are up around 20% over the same period.
- A similar rise would put Blueknight's common units at $3.66.
- Blueknight's adjusted EBITDA from continuing operations also looks on track for a high-single digits percent increase compared to 2020.
- Once infrastructure spending kicks in, Blueknight could be worth $4+ if it remains independent.
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Blueknight Energy Partners: Ergon Offer Is Likely Preventing Common Units From Receiving Full Benefit Of Infrastructure Deal