Ship Shape: Floating Pipelines
The marine-transport segment of the MLP universe offers robust yields for conservative and aggressive investors alike. Here are two of our favorites.
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
Hunting for MLP Value Plays
We’ll be looking for value at the NAPTP’s annual MLP investor conference.
Gearing up for This Year’s Most Important Event for MLP Investors
The most important event of the year for MLP investors is just around the corner.
Talkin’ ’bout Green Generation
Yieldcos get all the hype, but generation companies offer superior yields and less demanding valuations. We run through the best and worst names that offer exposure to renewable energy.
Finding Certainty amid Uncertainty
With all the uncertainty in the energy sector these days, investors should add to their positions in these growth stories that don’t entail exposure to commodity prices. Here are some of our favorites.
Go Big or Go Home
In this challenging environment, fortune favors MLPs with scale, diversification and low costs of capital—qualities that our favorite blue chips have in spades.
Risk Check
The Alerian MLP Index has outperformed relative to most energy equity indexes since June 30, 2014, but investors shouldn’t overlook the headwinds that this space faces.
Risks and Opportunities
Most energy-related equities have taken some serious lumps since the second half of last year, hit by the precipitous decline in the prices of crude oil, natural gas and natural gas liquids (NGL).
With the exception of US independent refiners, most groups in the energy sector have pulled back since the end of last year’s second quarter.
The Alerian MLP Index, which tracks 50 prominent publicly traded partnerships, has pulled back by 17 percent. This resilience reflects the group’s focus on pipelines and other midstream infrastructure that often operates under longer-term, fee-based contracts.
MLPs’ above-average yields also make them popular among buy-and-hold retail investors, while their unique structure helps unitholders to defer taxes—until they exit their positions. This setup makes for a relatively stable investor base.
Although we expect MLPs to continue to outperform relative to other energy groups, investors shouldn’t overlook the headwinds facing these stocks and the potential for further downside.
Rather than viewing the space holistically, investors need to evaluate each MLP’s individual strengths, weaknesses and growth prospects.
In this issue, we review some of the risks in the MLP space, set dream prices for our favorite blue-chip MLPs and highlight a handful of names that offer exposure to growth stories that are independent of commodity prices or driven by drop-down transactions from supportive general partners.
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Live Chat with
Elliott and Roger on Jul. 26, 2018
Portfolios & Ratings
Model Portfolios
Balanced portfolios of energy stocks for aggressive and conservative investors.
Coverage Universe
Our take on more than 50 energy-related equities, from upstream to downstream and everything in between.
MLP Ratings
Our assessment of every energy-related master limited partnership.
International Coverage Universe
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