Some Owners Of Colonial Pipeline Explore Selling Their Stakes, Aiming For Deals That Would Value Entire Company At $10B-Plus, Sources Say
Portfolio Pulse from Benzinga Newsdesk
Some owners of Colonial Pipeline are exploring selling their stakes, aiming for deals that would value the entire company at over $10 billion, according to sources.
June 17, 2024 | 7:34 pm
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NEUTRAL IMPACT
The United States Oil Fund (USO) may see indirect impacts from the potential sale of stakes in Colonial Pipeline, as changes in ownership could affect oil transportation and supply dynamics.
While USO is not directly involved, changes in ownership of a major pipeline like Colonial could influence oil transportation and supply, indirectly affecting USO.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50
POSITIVE IMPACT
KKR, as one of the owners of Colonial Pipeline, may be exploring selling its stake, which could lead to a significant valuation of over $10 billion for the company.
KKR is directly involved as an owner of Colonial Pipeline. The potential sale of its stake at a high valuation could positively impact KKR's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Shell (SHEL), as one of the owners of Colonial Pipeline, may be exploring selling its stake, which could lead to a significant valuation of over $10 billion for the company.
Shell is directly involved as an owner of Colonial Pipeline. The potential sale of its stake at a high valuation could positively impact Shell's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80