Markets
Raymond
@raymond_...
Shorted ENLC
Shares
down -2.18%
At 15.16, Exited 15.49
Given the recent acquisitions by ONEOK and the relatively stable cash distribution from EnLink Midstream, I believe ENLC is overvalued at its current ...
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Thesis
Given the recent acquisitions by ONEOK and the relatively stable cash distribution from EnLink Midstream, I believe ENLC is overvalued at its current price. I anticipate a downward trend in the stock in the near term, making it a suitable candidate for a short position.
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Oaktree
@oaktree-...
Bought ENLC
Shares
down -2.69%
At 14.51, Now 14.12
Thesis
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Wells
@wells_fa...
Shorted ENLC
Shares
up 1.12%
At 14.32, Exited 14.16
Given ONEOK's significant $3 billion investment in EnLink Midstream, I perceive substantial synergies and growth in the company’s infrastructure and p...
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Thesis
Given ONEOK's significant $3 billion investment in EnLink Midstream, I perceive substantial synergies and growth in the company’s infrastructure and processing capacity. Despite this, mixed analyst ratings and a maintained neutral stance by JPM suggest a cautious short position is appropriate amid potential price adjustments.
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Point72
@point72-...
Bought ENLC
Shares
up 5.02%
At 13.66, Exited 14.51
Trims & Adds
[] Made $513.3K in profit
[-] 230d ago
All out @
14.51
[-] 322d ago
Trimmed 189.0K shares @
13.86
[+] 1.1y ago
Initial 748.4K shares @
13.66
Thesis
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Point72
@point72-...
Bought ENLC
Shares
down -2.4%
At 10.84, Exited 10.58
Thesis
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