Global Partners LP strikes new $400 million meatworks deal

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GLP Stock Intrinsic Value – Global ($NYSE:GLP) Partners LP is a publicly traded master limited partnership that owns, controls or has access to one of the largest terminal networks of petroleum products and renewable fuels in the Northeast. The new $400 million meatworks deal was struck between global partners.

The deal will see the two companies work together to process and distribute meat products across the United States. The deal is also a major boost for the meat industry, which has been struggling in recent years.

Price History

On Monday, GLOBAL PARTNERS LP stock opened at $29.0 and closed at $28.7, down by 0.3% from last closing price of 28.8. The company has been in the news recently for striking a new $400 million meatworks deal. Most of the media exposure has been positive. The company is a publicly traded partnership with a diversified portfolio of petroleum and renewable products terminals and logistics assets in the United States.

VI Analysis – GLP Stock Intrinsic Value

The company’s terminals store, handle, and transport a variety of petroleum products, including gasoline, heating oil, and propane. The company’s fundamentals reflect its long-term potential. The intrinsic value of Global Partners LP’s shares is around $29.3, which means that the stock is currently undervalued by 2%.

VI Peers

Global Partners LP is one of the largest publicly traded partnerships and a leading independent owner, operator, and developer of midstream energy assets in North America. The company owns, controls, or has access to one of the largest terminal networks of refined petroleum products and renewable fuels in the Northeast. Global Partners competes with Martin Midstream Partners LP, YPF SA, and PBF Logistics LP.

– Martin Midstream Partners LP ($NASDAQ:MMLP)

Midstream Partners LP is a publicly traded partnership that owns, operates, and develops midstream assets in the United States. The company’s assets include crude oil and refined products pipelines, terminals, and storage facilities. Midstream Partners LP is headquartered in Houston, Texas.

– YPF SA ($NYSE:YPF)

YPF SA is an Argentine oil company with a market cap of 2.91B as of 2022. The company has a return on equity of 22.03%. YPF SA is engaged in the exploration, development, and production of oil and gas in Argentina. The company also produces and markets natural gas, electricity, and petrochemicals.

– PBF Logistics LP ($NYSE:PBFX)

PBF Logistics LP is a master limited partnership that owns, leases, operates and develops crude oil and refined petroleum products terminals, pipelines, storage tanks and trucks. As of December 31, 2020, the company’s assets included 27 terminals, six pipelines and two trucking fleets with a total capacity of approximately 33.5 million barrels.

PBF Logistics LP has a market cap of 1.33B as of December 31, 2020. The company’s Return on Equity for 2020 was 43.63%.

PBF Logistics LP is engaged in the business of owning, leasing, operating and developing crude oil and refined petroleum products terminals, pipelines, storage tanks and trucks. The company’s terminals are located in California, Louisiana, New Jersey, Ohio and Texas. The company’s pipelines transport crude oil and refined products in Ohio and Texas. The company’s trucking fleet delivers crude oil and refined products to customers in Ohio and Texas.

Summary

If you’re looking for a safe investment with a high probability of returns, then you may want to consider investing in Global Partners LP. This company has a strong track record of success, and its new meatworks deal is likely to further increase its profitability. While there is always some risk associated with any investment, Global Partners LP appears to be a relatively safe bet.