2024-07-14 14:34:15 ET
Summary
- Hess Midstream LP (HESM) is a pure play midstream company, which trades at a steep discount to sector peers.
- By assessing the underlying fundamentals from the cash generation and capital structure perspective, we could easily make the case that HESM deserves a premium.
- In this article I explain why, in my opinion HESM presents one of the most attractive midstream investment plays.
Hess Midstream LP (NYSE: HESM ) is a fee-based midstream player that owns major midstream assets of one of the largest oil and gas companies, Hess ( HES ). Its oil, gas and produced water handling assets are not only used by third party customers, but also by HES itself. This automatically creates an unique advantage in securing stable and predictable demand in the future....
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For further details see:
Hess Midstream: One Of The Strongest Buys In The Midstream Space