You Want to Buy MLPs? No, You Don't
Sep. 21, 2016 - Bloomberg -
When you bought that MLP your friend told you about that time you had drinks a few years back, you didn't think you were signing up for this:
The Alerian MLP Index hit an all-time high in August 2014 before slumping by almost two thirds
Slick Oil Investors: Consider This MLP ETF Over Oil Funds
Aug. 25, 2016 - Benzinga -
Oil prices are rebounding this year, and interest rates are still near historic lows. The combination of those two scenarios is renewing investors' enthusiasm for high-yielding master limited partnerships (MLPs) and the corresponding exchange-traded funds.
Credit Suisse is Neutral on MLPs, But has 4 Favorites
Aug. 11, 2016 - Barron's -
The team of master limited partnership analysts at Credit Suisse has put together a slide presentation on the sector numbering more than 100 pages. It has a ton of data and lots of interesting comparisons to inform investors decisions.
Fitch: MLP Penchant for Capital Finds Taker in US Utilities
Jul. 11, 2016 - Yahoo! Finance -
The master limited partnership (MLP) penchant for capital has found a ready taker in US utilities, according to Fitch Ratings. Many of the MLPs are looking to significantly increase their investments in the natural gas infrastructure sector. Yesterday's announcement of Southern Company's joint venture with a subsidiary of Kinder Morgan, Inc., which comes on the heels of Consolidated Edison's JV announcement with Crestwood Energy Partners, epitomizes this trend.
6 Incredibly Cheap High-Yield Dividend Stocks
Jul. 10, 2016 - Fox Business -
Buying a stock with an impressive dividend yield doesn't have to cost you an arm and a leg. These six stocks, for example, offer investors big dividend checks without breaking the bank. Keep in mind though, that high dividend yields are often accompanied by high risk. Make sure you accurately judge your tolerance for the latter before buying.
InfraCap: A Hefty Yield from MLPs
Jul. 08, 2016 - MoneyShow -
As to where the best values exist, -- assuming the world will maintain its slow growth recovery -- commodities and specifically energy are where we can continue to add exposure.
Enterprise Keeps Defying Outside MLP Gravity with Yet Another Distribution Hike
Jul. 07, 2016 - 24/7 Wall Street -
It was not that long ago that investors were getting ever more comfortable with the master limited partnership (MLP) segment in energy and infrastructure. Most investors believed, or hoped, that the MLPs were free from the whims of the price of oil. That proved to be wrong due to the severity of the oil price swing. If there are a few top MLPs with solid management and a track record of managing through hard times, Enterprise Products Partners L.P. (NYSE: EPD) would certainly be among the top picks.
Many MLP CEF Investors Are Using The Wrong Benchmark - Are You?
May. 19, 2016 - seekingalpha.com -
Today there are 95 publicly-traded energy MLP-access products on the market; a figure that nearly matches the number of MLPs  themselves. While having options is generally a good thing, having too many options brings up the paradox of choice . So how do you objectively choose the best fund? Well, as an indexing company, we'd tell you to compare it to a benchmark.
KED: A Lagging MLP Fund To Consider
Feb. 18, 2016 - seekingalpha.com -
Closed-end funds are a perfect vehicle to play MLPs in a safer way.
KED is lagging the sharp rally in the recent days.
Why Not to Bet on Oil
Jan. 23, 2016 - Barron's -
The price of oil has been hard to predict, but among the biggest surprises for investors has been how ill-equipped many exchange-traded products are at providing a means for investors to bet on the price of oil in the first place.
MLP ETFs Ready to Rally?
Jan. 13, 2016 - ETF Trends -
After ranking as one of last year’s worst-performing asset classes, master limited partnerships (MLPs) and the relevant exchange traded funds could be poised for brighter days later this year.
Buying at the Right Price
Dec. 19, 2015 - Barron's -
Debra Wetherby, one of Barron’s Top 100 Women Advisors, focuses on fundamentals. She likes private equity and MLPs.
Drop in oil prices brings big opportunity in MLPs
Dec. 18, 2015 - MarketWatch -
An unusual opportunity has arisen to buy attractive oil MLPs and high yield at a deep discount. If you subscribe to the hypothesis that oil will not stay this low forever and the U. S. economy will muddle through, it is time to step up and grab these opportunities.
Oil ETFs Dig A Hole But Could Syria Change That?
Dec. 08, 2015 - Investor's Business Daily -
Energy ETFs continued to sell off Tuesday on falling oil prices but closed well off session lows. Jittery investors eyed overnight Chinese trade data showing weakness in both exports and imports. The data add to fears about slow growth in the world's second largest economy.
Energy infrastructure MLPs to bounce in 2016: Trader
Dec. 07, 2015 - CNBC -
The energy infrastructure sector and master limited partnership stocks are due for a bounce in 2016 after getting beaten up this year, Tortoise Capital Advisors' Rob Thummel said Monday.
With Big MLP Deal Closed, Marathon Issues More Debt
Dec. 07, 2015 - Barron's -
Crude oil refiner Marathon Petroleum (MPC) has a lot on its plate. Energy prices are tanking, which is generally good for its refining business since it means higher margins. But it has increasingly large holdings in the plummeting midstream master limited partnership sector. It is also issuing $1.5 billion in new debt.
Early Black Friday For MLPs
Nov. 22, 2015 - seekingalpha.com -
MLPs declined for the second straight week, but were actually more than 1% positive on the week heading into Friday's 2.6% decline. In a week that saw the biggest gain in the S&P 500 in months and saw no change in the interest rate on the 10-year, it's incredibly frustrating to see MLPs remain under intense selling pressure.
Bullish Case For Investing in Master Limited Partnerships (MLPs) Now
Nov. 17, 2015 - Forbes -
Master limited partnerships, which transport and store oil, crashed harder than energy producers this year even though they are toll-road type businesses that collect fees regardless of commodity prices. Investor fears of rising interest rates on top of freefalling oil prices pummeled shares. As producers scaled back production in response to falling prices, demand for transportation and storage plunged.
Why Falling Oil Prices Startled MLP Investors
Oct. 09, 2015 - WallStreetJournal -
Investors in master limited partnerships have just gotten the jolt of a lifetime.
The Alerian MLP Index, a leading measure of the performance of these income-paying energy companies, fell 5.7% on Sept. 28 and another 5.8% the next day. At that point, the index was down 22% for the month and 36% for 2015. Then, over the next week, it shot up 20%.
Wild Swings Buffet MLP Investors
Oct. 03, 2015 - Barron's -
Many factors contributed to the 26% drop in these energy infrastructure companies over the past year. Unfortunately those factors aren’t going away any time soon.
Time to Buy Commodities
Aug. 08, 2015 - Barron's -
Sentiment on energy and gold -- and oil and metals stocks -- may be nearing capitulation. Now is a good time to lean against the wind and start to buy.
Is Now the Time to Buy MLPs?
Aug. 07, 2015 - The Street -
Stock quotes in this article: APO, CG, RDC, GLF, TDW, GIFI, WPX, NTG, MWE, SEP, EPD, TTP, PEO, XOM, CVX, SLB, PSX, OXY, EOG
Trader's Notebook: Poor Timing on MLPs
Aug. 06, 2015 - The Street -
1. The selling in the Master Limited Partnership oil and gas pipelines appears to have entered ludicrous speed. Perhaps there are multiple funds blowing off the sector. Or maybe the never-ending decline in light crude oil has become sufficiently scary to otherwise-committed longs that they've decided to abandon ship and recoup what little they can. I honestly don't know.
Can MLP Funds and ETFs Withstand MLP Distribution Cuts and Suspensions?
Aug. 05, 2015 - 24/7 Wall Street -
It turns out that the sector for master limited partnerships (MLPs) had rolled back over. It was just in the past two weeks or so that the MLP sector tried to bounce off of lows. Now the sector is reeling again after weaker oil prices and as more MLPs have begun to lower or suspend their distributions. This means lower yield-equivalents for investors, and these investors have been used to receiving high distributions
Market Vectors Bolsters Income Lineup by Acquiring Two MLP ETFs
Aug. 04, 2015 - ETF Trends -
Van Eck Global’s Market Vectors unit, the exchange traded funds issuer know for its lineup of international, commodity and municipal bond funds, is bolstering its income offerings with the acquisition of two master limited partnership ETFs.
Van Eck® Global to Expand ETF Lineup with Acquisition of Master Limited Partnership (MLP) ETFs
Aug. 03, 2015 - Investor's Business Daily -
Van Eck Global has entered into an agreement with Yorkville ETF Advisers, LLC and Exchange Traded Concepts LLC relating to the Yorkville High Income MLP ETF (NYSE Arca: YMLP) and the Yorkville High Income Infrastructure MLP ETF (NYSE Arca: YMLI). Pending approvals from shareholders of the existing ETFs and the boards of trustees of each of the Market Vectors ETF Trust and Exchange Traded Concepts Trust, YMLP and YMLI will be reorganized as the Market Vectors High Income MLP ETF and the Market Vectors High Income Infrastructure MLP ETF, respectively.
Marathon’s Buy Shows MLPs Thrive After Kinder Morgan Exit
Jul. 13, 2015 - Bloomberg -
Rumors of the demise of MLPs have been greatly exaggerated.
That’s the message behind Marathon Petroleum Corp.’s proposed $15.8 billion purchase of MarkWest Energy Partners LP, which would create the fourth-largest master-limited partnership in the U.S. Recent efforts to consolidate Williams Cos. and Kinder Morgan Inc., the pioneer of MLPs, had investors wondering if the days were numbered for the popular investment vehicle.
Mid-Con Energy's Yield Is Sustainable
Jul. 08, 2015 - The Street -
Crude oil has reversed and taken a downward slide over the last couple of weeks. Unsurprisingly, one of the biggest casualties is the highly levered, upstream Master Limited Partnerships (MLPs). Of the upstream MLPs, Mid-Con Energy Partners (MCEP) has been the hardest-hit. Since May 1, shares have fallen some 32%. It's been a while since I've written about Mid-Con, but I think now is a great time to buy. Let me explain why.
How MLP Weakness Affects Legg Mason, Piper Jaffray: Susquehanna
Jul. 02, 2015 - Barron's -
The Alerian MLP Index (AMLP) lost 3.8% in the second quarter, and is down 8.8% since the start of the year. Susquehanna Group’s DougSipkin and Justin LaSalle-Tarantin today take a look at how that’s affecting assets managers.
Make Over 6.5% Income With A MLP Portfolio
May. 29, 2015 - seekingalpha.com -
A portfolio of 7 pipeline MLPs was evaluated in terms of risk and reward.
Over the past 5 years, the portfolio handily outperformed MLPI (a popular pipeline ETN) on a risk-adjusted basis.
The portfolio has an average distribution a little over 6.5%.
New MLP Trend Not Always Good for Investors
May. 15, 2015 - Barron's -
After nearly 20 years of wild popularity, Master Limited Partnerships (MLPs) are quickly becoming the wallflowers of the investment landscape. After a long spate of energy companies spinning off their infrastructure assets into these tax-advantaged separate entities, the trend has reversed: Parent companies are re-acquiring their earlier spinoffs. These transactions have triggered big gains in the acquired MLP shares, and are likely to improve the long-term performance of the parent companies. But they also change the nature of MLP investing, triggering big tax consequences, and often lowering the income stream.
Bull Chart of the Day -- Master Limited Partnership ETF Gets Boost From Williams
May. 14, 2015 - The Street -
Williams Partners (WPZ - Get Report) has the master limited partnership exchange-traded fund on the move over the last few days. This one is a bit tricky here. WPZ held a place in the top 10 holdings for several MLP ETFs, and now there are a few of those ETFs threatening to break out higher after they looked ready to roll over.
9.15% Yields With Vanguard Natural Resources, B3/B Rated, Maturing April 2020
May. 08, 2015 - seekingalpha.com -
Had a 41% increase in sales, despite lower oil prices as half of its sales come from natural gas.
The company strategically hedged a majority of its oil and gas production for the next two years, providing cash flow stability.
The company had operating income of $172.4 million and interest expense of $73.8 million in 2014, for a solid interest coverage ratio of 2.3x's.
Top-Yield MLPs Grant 4.36% Edge To 5 Lowest-Priced May Dividend Dogs
May. 08, 2015 - seekingalpha.com -
Ten Master Limited Partnership dividend stocks by yield showed a 4.36% higher net gain from $5k invested in the lowest-priced five than $5k put in all ten.
Annual dividends divided by closing stock prices as of May 5 determined the yields. Analyst net targets were used to calculate gains one year out.
The five lowest-priced high-yield MLP stocks are: EROC, ARP, LGCY, NMM, and SXE.
The five higher-priced stocks completing the ten are: UAN, SDLP, MEMP, EVEP, and EFC.
Consider these stocks as reference points for your May MLP dividend stock investment investigations.
How to Earn Up to 8% Yield with Energy MLPs
May. 07, 2015 - Kiplinger -
Though master limited partnerships trade like stocks, these securities have unique tax benefits that allow them to “pass through” all their income to investors, without paying corporate taxes. That generally results in solid yields
Monday Mailbag: MLP Conflicts Committees
Apr. 29, 2015 - seekingalpha.com -
What are MLP conflicts committees and how do they work?
As our MLP 201 explains, MLPs generally have two classes of owners, the general partner and limited partners. At times, potential conflicts of interest may arise between the two classes and independent evaluation is necessary. This is where conflicts committees enter the picture.
Building A $100,000 High-Yield Income Portfolio From Scratch; Adding Position 3: Linn Energy
Apr. 29, 2015 - seekingalpha.com -
After adding Prospect Capital and New Residential Investment Corp. to my new $100,000 high-yield income portfolio in the first quarter, I recently added Linn Energy.
Linn Energy is a good fit for the HYIP, even though short-term price risks with respect to oil remain.
The investment in Linn Energy has an entry yield of 9.26%, but I am likely going to add to this position in coming quarters.
The oil sector is offering one of the best risk/reward ratios in the entire stock market right now.
Regency Energy Partners LP Unitholders Approve Merger with Energy Transfer Partners, L.P.
Apr. 28, 2015 - MarketWatch -
Energy Transfer Partners, L.P. ETP, +2.17% (“ETP”) and Regency Energy Partners LP RGP, +2.60% (“Regency”) today announced that at a special meeting of Regency unitholders held earlier today, the unitholders voted to adopt the Agreement and Plan of Merger dated as of January 25, 2015, as amended (the “Merger Agreement”), by and among Regency, ETP, their respective general partners, certain wholly owned subsidiaries of ETP, ETE GP Acquirer LLC and, solely for certain provisions therein, Energy Transfer Equity, L.P. ETE, +1.26% (“ETE”), pursuant to which Regency will become a wholly owned subsidiary of ETP.
MLP Weekly Intelligence
Apr. 26, 2015 - seekingalpha.com -
Units move higher as 55 units report Q1 distributions.
Limited Partner unitholders should take note of judgment against Kinder Morgan.
Wood pellets for power generation are the latest MLP asset class.
Top Three MLP Investing Ideas From Manager Of InfraCap MLP ETF (AMZA)
Apr. 25, 2015 - Forbes -
Investors are spoiled for choices when it comes to exchange traded funds offering exposure to master limited partnership or MLPs. InfraCap MLP ETF (AMZA) distinguishes itself as being the first actively-managed MLP ETF on the stock market. Launched in October, it invests in companies engaged in oil and gas transportation, storage and processing. So far this year AMZA gained 1% versus -1% for the category leader, Alerian MLP ETF (AMLP) and -1.6% for its benchmark, E-TRACS Alerian MLP Infrastructure Index (MLPI).
Why One Analyst Thinks This High-Yield MLP Has 50% Upside?
Apr. 22, 2015 - 24/7 Wall Street -
With investors so concerned about the price of oil and natural gas, and concerned about the companies and entities which operate in energy, 24/7 Wall St. has kept a close eye on looking for opportunities and upside in the oil patch. A Master Limited Partnership (MLP) named NGL Energy Partners LP (NYSE: NGL) has sold off handily from its high — about 40% from the $46.25 peak over the last year. Now one analyst’s report, which came after the entity’s guidance for 2015 and 2016, is calling for upside of roughly 50%.
MLPs: Vanguard Natural Resources LLC Scoops Up LRR Energy LP in a $539 Million Deal
Apr. 21, 2015 - The Motley Fool -
Consolidation continues in the energy patch as upstream master limited partnership Vanguard Natural Resources LLC (NASDAQ: VNR ) and LRR Energy LP (NYSE: LRE ) have agreed to merge. Vanguard will acquire LRR Energy in a $539 million unit-and-cash exchange. This deal marks the second time an upstream MLP has agreed to buy one of its rivals -- Breitburn Energy Partners LP (NASDAQ: BBEP ) acquired fellow upstream MLP QR Energy late last year -- as smaller MLPs are realizing they need greater scale to withstand the turbulent oil market.
InfraCap MLP ETF (NYSE: AMZA) Declares Quarterly Dividend
Apr. 06, 2015 - Market Wired -
The InfraCap MLP ETF (NYSE: AMZA) has declared a quarterly dividend of $0.5050 ($2.02 per share on an annualized basis), an increase of 1.0% from the $0.50 rate paid in the first quarter. The dividend will be paid April 16, 2015 to shareholders of record as of the close of business April 9, 2015.
GasLog Partners: Frozen Gas Deserves a Warmer Welcome
Apr. 05, 2015 - WallStreetJournal -
That GasLog Partners makes a business shipping frozen natural gas on the high seas says a lot about today’s energy market. That its stock has sold off heavily, and now looks attractive, says a lot about today’s energy-investment climate.
Merrill Lynch Initiates High-Yield Oil Service Specialty MLPs at Buy
Mar. 18, 2015 - 24/7 Wall Street -
The daily headlines are brutal for oil and oil services investors. With eight-year lows in the price of crude, and more rigs idle now than in years, it seems never ending. The negativity for the sector is as high as it has been since the beginning of the Great Recession. A new report from Merrill Lynch, instead of focusing on the big cap diversifieds, dives into a group of master limited partnerships (MLPs) that may produce solid oil beta.
What Type Of MLP Fund Should You Buy?
Mar. 15, 2015 - seekingalpha.com -
MLP ETNs have generally outperformed MLP ETFs on a risk-adjusted basis.
MLP CEFs are more volatile than MLP ETFs or ETNs, but many also have better risk-adjusted performance.
There did not appear to be any significant trend for choosing between MLP CEFs or ETF/ETNs and between funds structured as RICs as versus C-corporations.
5 Reasons To Consider Buying AMZA
Feb. 26, 2015 - seekingalpha.com -
- AMZA is the first actively-managed C-corporation MLP ETF and was issued in October 2014.
- The fund made its first distribution in January 2015, and at $0.50 would project to amount to a roughly 9% annual yield.
- I provide five reasons to consider buying this fund, ultimately relying on the skill of the fund's manager.
Up To $9 Per Share Valuation Uplift To Consol’s Thermal Coal MLP: FBR
Feb. 24, 2015 - Barron's -
FBR Capital Markets put out an update on Consol Energy (CNX), calling it its top pick, not only on the company’s ability to grow its gas output but to monetize non-core assets, including an upcoming master limited partnership for its thermal coal division.
JPMorgan Still Cautious On E&P MLPs, But Bullish On Memorial Production
Feb. 24, 2015 - Barron's -
JPMorgan’s Gabriel Daoud Jr. and his team have an update on exploration and production master limited partnerships today, writing that investors will be closely watching these firms’ 2015 capex plans, acquisitions and divestitures activity, and new sources of capital amid liquidity concerns.
Leon Cooperman Invests Millions in MLP
Feb. 03, 2015 - Wall Street Daily -
Leon Cooperman is one of those investors who always seems to make the right moves. Others watch his strategies with admiration and curiosity.
Energy Transfer Merger Creates Second Largest MLP, Scale Economies
Jan. 27, 2015 - seekingalpha.com -
The merger between Energy Transfer Partners and Regency Energy Partners is a continuation of the trend in industry consolidation.
From a management and operations standpoint, the consolidation of two Energy Transfer family MLPs will provide greater scale and capital efficiencies.
Fair Value Of Oil Lies In The $60 To $80 Range
Jan. 20, 2015 - Forbes - Jay Hatfield:
In our approach to investing, we’re focused on master limited partnerships, and our ETF, InfraCap MLP ETF (NYSE: AMZA), focuses on the largest, most liquid, midstream MLPs in the United States. We focus on midstream MLPs which typically own and operate pipelines and storage facilities rather than upstream MLPs which own and operate commodity producing wells.
Oil-and-Gas MLPs Will Rebound
Jan. 20, 2015 - The Street -
The other day, I mentioned, in passing, the prospects for oil-and-gas industry master limited partnerships, or MLPs. To review, a master limited partnership trades on the equity market just like any other stock.
Plains All American - An Undervalued MLP Opportunity
Jan. 09, 2015 - seekingalpha.com -
The drop in crude oil prices has indiscriminately brought down almost all companies in the oil and gas sector.
There are opportunities to find and invest in undervalued companies with solid business models.
By The Numbers: Dancing With Commodity Prices
Jan. 08, 2015 - seekingalpha.com -
The original cotillion was an 18th century social dance that involved four couples dancing simultaneously, often changing partners throughout the song. As commodity prices change, a modern day market dance has investors examining how movements affect MLPs.
Alerian Explains: Emerge Energy Services
Dec. 12, 2014 - seekingalpha.com -
While not a traditional MLP, Emerge Energy Services (NYSE:EMES) has caught the eye of many an MLP investor. If you take a close look at the chart below, it's not hard to see why. That line at the bottom is the Alerian MLP Index (AMZ), which had respectable performance over the time period. EMES had it for lunch.
Top MLPs For December: 29.35% Yield, 105.35% Upside, 123% Net Gain!
Dec. 05, 2014 - seekingalpha.com -
December Master Limited Partnership (MLP) dividend dogs made three lists: 1. By Yield NKA 29.35% tops, 2. By price upside MCEP 105.35% tops, 3. By net gain LRE 119.4% took second.
Four actionable conclusions: 1. MLPs very bearish, Dow bullish; 2. 30 MLPs average 36.8% gain, 3. 10 MLPs average 80.75% upsides, 4. 10 REITs average 87.6% net gains.
Linn Energy Keeps Distribution Intact, But My Confidence Is Not Fully Restored Yet
Dec. 03, 2014 - seekingalpha.com -
With oil prices collapsing and Linn Energy units losing nearly half their value in the past three months, its 17% yield looks unstable.
Surprisingly, Linn Energy maintained its December distribution, deciding to keep the distribution steady and not cut it, even in light of the carnage in the oil markets.
Analysts Pick MLPs Insulated From Low Oil Prices
Dec. 02, 2014 - 24/7 Wall Street -
It has been no secret that the falling price of oil has taken its toll on the energy sector. Still, the drop may not be as universally bad as some of the trading in oil and gas giants and in segments such as master limited partnerships (MLPs) may indicate. A fresh report this week from Merrill Lynch’s MLP team actually highlights which MLPs may be mostly insulated from the carnage in oil prices.