Energy Partners says damage from Hurricane Isaac "minimal" Energy Partners provided its initial assessment of the impact of Hurricane Isaac on its operations. In advance of Hurricane Isaac, EPL safely evacuated all personnel from its operations in the Gulf of Mexico and shut in 100% of its oil and gas production. The majority of EPL's core properties were within the path of the storm. EPL conducted a flyover of its operated properties yesterday afternoon and deployed personnel to perform physical inspections of its topside facilities earlier today. These initial inspections indicate that storm related damage appears to be minimal. EPL is in the process of remanning its operated rigs and expects to resume activities in short order. EPL is continuing with its assessments and working to resume production. At this point the company has not received a timetable for when the various third party pipelines and processing facilities will be operational to allow for production to be restored. EPL will provide an update next week regarding re-establishment of its production shut in due to Isaac and other related matters. EPL's office in New Orleans sustained no damage as a result of Hurricane Isaac and is now completely operational.
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On The Fly: Analyst Initiation Summary Today's noteworthy initiations include: Fairway Group (FWM) initiated with an Outperform at Credit Suisse... Hannon Armstrong Sustainable (HASI) initiated with an Outperform at RW Baird... EPL Oil & Gas (EPL) initiated with a Buy at KeyBanc... Spark Networks (LOV) initiated with an Outperform at William Blair... Parker-Hannifin (PH) initiated with a Buy at BofA/Merrill.
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