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home / news releases / XOM - Legacy Ridge Capital - Summit Midstream Partners: Lots Of Potential Upside

XOM - Legacy Ridge Capital - Summit Midstream Partners: Lots Of Potential Upside

Exxon Mobil Corporation
  • SMLP was one of my bigger mistakes (lazy analysis and bad timing perpetuated by inertia) and has been a meaningful detractor to multi-year partnership performance, even despite the stock being up 78% last year.
  • Double E is a joint-venture between SMLP (70%) and Exxon (30%) that owns a 135-mile natural gas pipeline put in service at the end of 2021.
  • We’ve re-analyzed this one what seems like hundreds of times and re-weighed the risk/reward, the results of which keep it in the portfolio as a smaller position, but one with lots of potential upside.

For further details see:

Legacy Ridge Capital - Summit Midstream Partners: Lots Of Potential Upside
Stock Information
Company Name: Exxon Mobil Corporation
Stock Symbol: XOM
Market: NYSE
Website: exxonmobil.com
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