Three Forthcoming MLP IPOs to Buy
In addition to the seven energy-related MLPs that have completed their initial public offerings thus far in 2014, eight prospective publicly traded partnerships have filed their initial registration statements with the Securities and Exchange Commission (SEC). Three of these names stand out as good bets for investors.
NextEra Energy Partners LP: Plenty of Steak, But Priced for Sizzle
NextEra Energy Partners is the first pure play on wind and solar power to be structured as a MLP. And with the stock up 37 percent since its June 26 IPO, the issue has proved popular with investors.
PBF Logistics LP: Following a Well-Worn Path
With PBF Logistics LP’s (NYSE: PBFX) initial public offering, refiner PBF Energy (NYSE: PBF) followed in the footsteps of first mover HollyFrontier Corp (NYSE: HFC) and became the latest independent refiner to spin off its storage and transportation assets as a MLP.
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.
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.
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Experts
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Roger S. Conrad
Founder and Chief Analyst: Capitalist Times and Energy & Income Advisor
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Elliott H. Gue
Founder and Chief Analyst: Capitalist Times and Energy & Income Advisor
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Peter Staas
Managing Editor: Capitalist Times and Energy & Income Advisor