Investors flock to MLPs for their above-average yields and exposure to the US shale oil and gas revolution. But instead of simply picking the highest-yielding stocks, investors should consider the potential for price appreciation.
Over the past three years, investors seeking differentiated returns have found recent initial public offerings (IPO) in the MLP space to be a fruitful hunting ground.
In 2011, two fledgling MLPs--Golar LNG Partners LP (NYSE: GMLP) and Tesoro Logistics LP (NYSE: TLLP)--cracked the list of that year's top 10 performers. This number increased to six in 2012 and four in 2013. And thus far in 2014, recent IPOs have accounted for four of the top-performing MLPs.
In this issue, we highlight three forthcoming IPOs that investors should put on their shopping lists and delve into the remainder of this year’s debutants.
We covered GasLog Partners LP (NYSE: GLOP), Cypress Energy Partners LP (NYSE: CELP), Viper Energy Partners LP (NSDQ: VNOM) and Foresight Energy Partners LP (NYSE: FELP) in the July 18 issue of Energy & Income Advisor.
The Marcellus Shale is a prolific, gas-producing formation in Pennsylvania and West Virginia, where robust drilling activity has driven huge production growth. But rising output has started to overwhelm local demand, pressuring smaller operators and increasing demand for new takeaway capacity.
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.
Breitburn Energy Partners LP's recently proposed acquisition of QR Energy LP demonstrates that the search for scale is alive and well among upstream MLPs, as private-equity buyers ratchet up the competition for asset acquisitions.
Imagine a future where US coal-fired power plants continue to generate reliable baseload power, while CO2 collected during their operation fuels the shale oil boom.
NextEra Energy Partners LP--a publicly traded partnership that specializes in renewable energy--has been a slam dunk since its initial public offering on June 26. But at these levels, there are better plays in this industry.
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.
Elliott and Roger on Aug. 1, 2014
Balanced portfolios of energy stocks for aggressive and conservative investors.
Our take on more than 50 energy-related equities, from upstream to downstream and everything in between.
Our assessment of every energy-related master limited partnership.
Roger Conrad’s coverage of more than 70 dividend-paying energy names.