MLPs: Evolution, Not Extinction
The recent wave of general partners acquiring the master limited partnerships under their auspices doesn’t reflect a fatal flaw in the structure or this relationship.
MLP Portfolio in Review
Here are our updated takes on our MLP Portfolio holdings, based on their first-quarter results and our discussions with their management teams at the National Association for Publicly Traded Partnerships’ recent investor conference.
Key Takeaways from the NAPTP’s MLP Investor Conference
We attended the National Association of Publicly Traded Partnerships’ MLP Investor Conference and lived to tell the tale. Here are some of our key takeaways from the most important event of the year for MLP investors
High-Yield MLPs: The Good, the Bad and the Ugly — Part 1
With more than two dozen non-upstream MLPs yielding more than 8 percent, many investors who followed our leading during the bloodbath of 2008-09 wonder whether they should buy the dip. We kick the tires on half these high yielders to determine which ones to buy, hold and sell. Remember that our favorite MLPs appear in our Model Portfolios.
Midstream Madness
Midstream names have regained a good chunk of their losses over the past few days, but investors still have questions about the extent to which the recent retrenchment in crude-oil prices will affect their growth prospects. We highlight our favorites.
Q2 in Review: Aggressive MLP Portfolio
Our Aggressive MLP Portfolio has delivered a total return that’s on par with the Alerian MLP Index, as the big gains posted by our turnaround picks have been offset by higher-yielding fare that has lagged the market.
08/11/14: Our Take on the Kinder Morgan Mega-Deal
Last night, Kinder Morgan Inc. announced a series of transactions to acquire all outstanding equity interests in Kinder Morgan Energy Partners LP, Kinder Morgan Management LLC and El Paso Pipeline Partners LP. Here’s our take.
Enterprise Products Partners LP: Great Company, Not a Great Stock
Enterprise Products Partners LP boasts one of the strongest balance sheets and growth prospects in the MLP universe. However, a frothy valuation means that investors should stand aside and wait for a pullback before adding to or establishing a position in the name.
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.
06/18/14: Three Portfolio Holdings (WMB, WPZ and ACMP) Walk into a Deal
Model Portfolio holding Williams Companies (NYSE: WMB) on June 16 announced an agreement to acquire Global Infrastructure Partners’ 50 percent general-partner interest and 27 percent equity interest in MLP Portfolio holding Access Midstream Partners LP (NYSE: ACMP) for $5.995 billion. At the same time, a second transaction was proposed: the merger of Williams Partners LP (NYSE: WPZ) and Access Midstream Partners.
Live Chat with
Elliott and Roger on May. 26, 2021
Portfolios & Ratings
Model Portfolios
Balanced portfolios of energy stocks for aggressive and conservative investors.
Producers and Drillers
Our take on more than 50 energy-related equities, from upstream to downstream and everything in between.
MLPs and Midstream
Our assessment of every energy-related master limited partnership.
International Coverage
Roger Conrad’s coverage of more than 70 dividend-paying energy names.
Experts
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Elliott H. Gue
Founder and Chief Analyst: Capitalist Times and Energy & Income Advisor
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Roger S. Conrad
Founder and Chief Analyst: Capitalist Times and Energy & Income Advisor