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XOM - Summit Midstream Partners' Debt Offering Points Towards Survival
Exxon Mobil Corporation
Summit Midstream Partners is focused on a new set of debt offerings that should enable the company to rollover its soon-to-be-due debt.
We expect the company to survive bankruptcy threats and use its strong cash flow to drive shareholder rewards.
Summit Midstream Partners is lowering its costs and growing its asset portfolio through new assets such as the Double E Pipeline the company is building.