Cushing Asset Nearly Doubles Number of Kinetik Shares
On Jan. 27, Cushing Asset Management, LP dba NXG Investment Management disclosed a buy of 855,000 shares of Kinetik Holdings (NYSE:KNTK).
According to a SEC filing dated Jan. 27, Cushing Asset Management, LP dba NXG Investment Management increased its stake in Kinetik Holdings by 855,000 shares.
Kinetik Holdings (NYSE:KNTK) operates as a midstream company with an l presence in the Texas Delaware Basin. It provides gathering, transportation, compression, processing, and treating services for oil and gas producers in the region. The company’s fee-based midstream business model focuses on generating revenue primarily from long-term contracts with producers.
Source Fool.com
