Pipelines
Enterprise Products Partners LP: Great Company, Not a Great Stock
Since its initial public offering (IPO) 16 years ago, Enterprise Products Partners LP (NYSE: EPD) has been an outstanding investment. An investor who bought the stock at the close of the master limited partnership’s (MLP)...
MLP Relative Valuations
Financial journalists and media pundits are fascinated by the concept of absolute valuation, especially after a prolonged rally in the stock market. Using metrics like price to earnings (P/E) or enterprise value to EBITDA, they...
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...
Enable Midstream Partners LP: Large and in Charge
Despite completing its initial public offering (IPO) 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...
06/27/14: Good Stocks on the Rise
Enbridge Energy Partners LP (NYSE: EEP)--Buy<35 Last week, Model and MLP Portfolio holding Enbridge Energy Partners LP (NYSE: EEP) announced changes to its partnership agreement with Canadian pipeline giant Enbridge (NYSE: ENB), which owns a general-partner interest...
Enbridge Energy Partners LP Gets a Little Help from Its Friend
Like the Schedule K-1s that befuddles many investors at tax time, incentive distribution rights (IDR) are a subject that investor relations employees are likely tired of discussing. Although the K-1 is more complicated than the...
Takeover Talk in the MLP Space
Whereas some MLPs can unlock shareholder value with the assistance of their sponsor or self-help measures, three formerly out-of-favor names last year delivered total returns in excess of 100 percent after a third party acquired...
Energy Takeout Menu, Part 2
Newalta Corp (TSX: NAL, OTC: NWLTF) Drilling for oil and gas produces environmental contaminants, from wastewater to tailings; the more North America grows its energy output, the greater the need to dispose of and/or recycle...
MLP Mania: Takeaways from the NAPTP’s Annual Investor Conference
The Energy & Income Advisor team spent the last three days at the National Association of Publicly Traded Partnerships’ annual MLP investor conference. This year’s event broke another attendance record, despite a prohibition on media....
MLP Mania
Editor’s Note: The Energy & Income Advisor team will attend the National Association of Publicly Traded Partnerships’ upcoming MLP Investor Day, an annual event where we’ve uncovered some of our best investment ideas in recent years. Over this grueling...
Canada’s LNG Potential
Already the world’s third-largest producer of fourth-largest exporter of natural gas, Canada boasts more than 60 trillion cubic feet of conventional reserves and almost 400 trillion cubic feet of shale gas. But unlike in the...
MLP Portfolio: The Outperformance Continues
Since the MLP Portfolio’s inception on Nov. 15, 2013, our holdings have delivered an average total return of 7.16 percent, compared to the 2.16 percent return generated by the benchmark Alerian MLP Index. Over this...
International Portfolio: The Solid Fourth-Quarter Results Continue
In local currency terms, the 20 names in our International Portfolio have returned an average of 11 percent since the strategy’s inception on Nov. 15, 2013--double the gains posted by the S&P/TSX Composite Index and...
03/03/14: KMP’s Maintenance CAPEX
Andrew Bary questioned the sustainability of Kinder Morgan Energy Partners LP’s (NYSE: KMP) in Kinder Morgan: Trouble in the Pipelines?, the cover story from the Feb. 22 issue of Barron’s. Although the story catalyzed a...
Earnings Cavalcade
Regardless of developments in global currency markets, the picks in our International Portfolio continue to execute and grow their earnings, putting them on track to deliver robust returns over the long haul. Of the companies...
Keystone XL: Controversy and Opportunity
Editor's Note: At the World MoneyShow Orlando, Roger Conrad recorded two video interviews: one about two of his favorite master limited partnerships and another about Canadian dividend payers. More than five years have passed since TransCanada Corp...
Special Opportunities: Master Limited Partnership IPOs
Editor’s Note: Roger Conrad and Elliott Gue last week gave several presentations at the World MoneyShow Orlando. For a limited time, Energy Investing Weekly readers can download the slides from Roger’s talk, Midstream Energy: Splitting...
02/05/14: Down and Out Down Under
For US investors, the Australian Stock Exchange has been nothing short of a bloodbath over the past 12 months, largely because of the precipitous decline in the value of the Australian dollar relative to the...
01/17/14: Kinder Morgan Energy Partners LP’s Fourth Quarter
Kinder Morgan Energy Partners LP (NYSE: KMP) has come under fire for its tight distribution coverage and concerns that the blue-chip MLP’s size makes it difficult to grow cash flow. The burdensome incentive distribution rights that the...
Canadian Values
Canadian equities underperformed last year. The S&P/TSX Composite Index eked out a 5.5 percent return in US dollars since the beginning of 2013, lagging the 31.2 percent gain posted by the S&P 500. Meanwhile, the...
TRENDING TOPICS
Exxon’s Rumored Acquisition of Pioneer Natural Resources
On Thursday evening, The Wall Street Journal reported energy supermajor Exxon Mobil (NYSE: XOM) is close to a deal to acquire Pioneer Natural Resources (NYSE:...
NextEra and Next Steps
A little over a week ago, NextEra Energy (NYSE: NEE) announced it would postpone a planned “drop down” or sale of assets to its affiliate...
A Tough Q3, but Quality will Prevail
Closed end fund Blackrock Utilities & Infrastructure’s (NYSE: BUI) utility holdings took a hit late this month. The main catalyst was a decision by its...
TC Energy Divides to Conquer
Last week, leading North American midstream energy company TC Energy (TSX: TRP, NYSE: TRP) announced it will spin off its Liquids Pipelines division into a...