Energy-related master limited partnerships (MLP) have completed seven initial public offerings (IPO) thus far in 2014, bringing the universe of publicly traded partnerships to an all-time high.
Although some of these fledgling partnerships operate assets familiar to most investors, the class of 2014 also continues the expansion of this security class to several niche industries, including renewable energy, wastewater management and pipeline inspection.
Meanwhile, recent IPOs have included Foresight Energy Partners LP (NYSE: FELP), the first coal producer to debt as a publicly traded partnership since 2010, and Viper Energy Partners LP (NSDQ: VNOM), a spin-off of Diamondback Energy (NSDQ: FANG), which has reignited investors’ interest in mineral rights.
A recent research report from the US Energy Information Administration could represent the first building block for policymakers looking to construct an argument for relaxing the ban on crude oil exports.
The Bakken Shale, the Eagle Ford Shale and the Marcellus Shale may get all the press, as output from these plays continues to grow. But the Permian Basin–an area in west Texas that’s been in production for more than a century–appears poised for a breakout this year.
Mergers and acquisitions have also been an important part of the growth story for master limited partnerships.
Although much is made of the US manufacturing renaissance (and rightly so), the combination of inexpensive North American natural gas and lower wages in Mexico makes for a compelling investment opportunity.
On June 16, 2014, Williams Companies announced an agreement to acquire Global Infrastructure Partners’ 50 percent general-partner interest and 27 percent equity interest in Access Midstream Partners LP for $5.995 billion. We examine four key takeaways from this deal for MLP investors.
We examine the complicated world of incentive distribution rights and why the recent restructuring of Enbridge Energy Partners LP's partnership agreement is such a big deal.
Now more than ever, investors looking to profit from the US energy boom must also pay attention to regulatory and legislative developments in Washington.
Last week, the Energy & Income Advisor team attended the National Association of Publicly Traded Partnerships’ (NAPTP) annual MLP Investor Conference in Ponte Vedra, Fla. Here are our takeaways.
The National Association of Publicly Traded Partnerships' annual MLP Investor Conference is just around the corner. Get excited.
Elliott and Roger on Jun. 26, 2014
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