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Investing Topics: Energy IPOs

Enable Midstream Partners LP: Large and in Charge

Despite completing its initial public offering in April 2014, Enable Midstream Partners LP (NYSE: ENBL) already boasts $11 billion in total assets, making the master limited partnership (MLP) one of the largest midstream names in our MLP Ratings. The size and diversity of the partnership’s asset base distinguishes it from the other MLPs that have completed their IPOs this year. 

Memorial Resource Development Corp: Half a General Partner

Besides its exploration and production operations, Memorial Resource Development Corp also owns a 50 percent interest in Memorial Production Partners LP’s incentive distribution rights, a management fee that a MLP pays to its general partner.

GasLog Partners LP: A Virtuous Cycle

The creation of GasLog Partners LP provides GasLog with a cost-effective means of recycling capital to fund additional growth opportunities. This virtuous cycle involves GasLog selling LNG carriers in its fleet to GasLog Partners at prices that are accretive to the MLP’s distributable cash flow. The parent then redeploys some of the proceeds into ordering or acquiring new vessels that can be dropped down to the MLP once they obtain longer-term contracts.

Foresight Energy LP: On The Sidelines Until Export Market Improves

Foresight Energy Partners is the first coal producer to go public as an MLP since the inauspicious debuts of Oxford Resource Partners LP (NYSE: OXF) and Rhino Resource Partners LP (NYSE: RNO) in fall 2012. We dig into whether this newly listed MLP is up to snuff.

Viper Energy Partners LP: Mineral Rights Gain Momentum

Viper Energy Partners owns mineral rights that entitle the MLP to an average 21.4 percent royalty interest in 14,804 gross acres in the northwest portion of Midland County, an area that’s prospective for multiple oil-bearing payzones that occur at various depths. 

06/27/14: Good Stocks on the Rise

We review some of the emerging themes in Canada and Australia’s energy industries, raise our buy targets on several names in our International Portfolio and swap one laggard for a long-term winner that could benefit from a near-term upside catalyst.

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      Balanced portfolios of energy stocks for aggressive and conservative investors.

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      Our assessment of every energy-related master limited partnership.

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    Experts

    • Roger S. Conrad

      Founder and Chief Analyst: Capitalist Times and Energy & Income Advisor

    • Elliott H. Gue

      Founder and Chief Analyst: Capitalist Times and Energy & Income Advisor

    • Peter Staas

      Managing Editor: Capitalist Times and Energy & Income Advisor