Stifel analyst Selman Akyol initiated coverage of WaterBridge Infrastructure (WBI) with a Buy rating and $30 price target The firm says WaterBridge provides produced water disposal services primarily in the Delaware basin which has attractive economics for producers. The company’s long term contracts have inflation adjusters, as well as acreage dedications, which should allow for growth even in an uncertain commodity environment, the analyst tells investors in a research note.
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