rconrad
Takeover Time in MLP Land
Let’s start with the good news: Oil’s more than $60 a barrel drop since summer 2014 shouldn’t ding fourth-quarter results for best-in-class midstream companies. Kinder Morgan’s (NYSE: KMI) fourth-quarter earnings underscore this point. The midstream...
Avoid Complacency: Challenges and Opportunities in the MLP Space
Roughly six months have passed since crude-oil prices began their epic decline, triggering a corresponding selloff in the energy patch and making the sector the worst performer in the S&P 500 last year. Market segments...
Under the Microscope: Conservative MLP Portfolio
The stocks in our Conservative MLP Portfolio have held up reasonably well, despite the downdraft in energy prices. Many of the blue-chip master limited partnerships in this Portfolio remain our top picks in the current...
01/26/15: Energy Transfer Partners LP to Acquire Regency Energy Partners LP
This morning, Energy Transfer Partners LP (NYSE: ETP) announced the acquisition of Regency Energy Partners LP (NYSE: RGP) for about $18 billion, including the assumption of $6.8 billion in net debt and other liabilities. Regency...
International Coverage Universe: Picks, Pans and Strategy for 2015
A dozen companies in our International Coverage Universe (42 Buys, 30 Holds and 25 Sells, as of last week's update) have slashed their dividends since oil prices started to plummet this fall. All these cutters hail from...
Afraid of Dividend Cuts? Buy Bonds
With North American oil prices at their lowest levels since May 2009, energy producers have started to slash dividends and capital spending in response. Of the 34 exploration and production companies that had unveiled their...
12/16/14: High-Grading the Portfolios
Although the conservative allocations in our Model Portfolio, MLP Portfolio and International Portfolio have held up reasonably well, the severe downdraft in crude-oil prices has weighed heavily on the names in our aggressive sleeves. Over...
Risk Assessment: Canadian Oil and Gas Producers
Canadian oil and gas companies have experienced their fair share of hard times over the past half decade, starting with natural-gas prices dropping from depressed levels to ultra-depressed levels. At one point in summer 2012,...
Buying Opportunities
The biggest mistake an investor can make in the current market is to panic and act on emotion rather than reason. Abrupt downdrafts in oil prices are scary, while the prevailing uncertainty can lead to...
The Great North American Energy Boom: Canada’s Edge
Part I Part II Part III Part IV Download Slides.
IPO Analysis: Hess Midstream Partners LP (NYSE: HESM)
Hess Corp (NYSE: HES) last month closed the sale of $860 million in liquids terminals and related assets to MLP Portfolio holding Buckeye Partners LP (NYSE: BPL) as part of the company’s effort to monetize...
IPO Analysis: PES Logistics Partners LP (NYSE: PESL)
PES Logistics Partners LP (NYSE: PESL) owns a 45 percent interest in North Yard Logistics, an operating company whose cornerstone asset is a rail unloading terminal that can accommodate up to three 120-railcar unit trains...
IPO Analysis: PennTex Midstream Partners LP (NYSE: PTTX)
PennTex Midstream Partners LP’s (NYSE: PTXP) initial asset base will consist of gas-gathering pipelines and -processing plants in Northern Louisiana that operate under long-term contracts with primary customer, Memorial Resource Development Corp (NSDQ: MRD). These...
IPO Analysis: Columbia Pipeline Partners LP (NYSE: CPPL)
Columbia Pipeline Partners LP’s (NYSE CPPL) initial asset base comprises midstream infrastructure accumulated by NiSource (NYSE: NI) when the utility industry consolidated in the 1990s. Whereas Dominion Midstream Partners LP (NYSE: DM) received only a...
MLP Class of 2014, Part 3
Investors flock to MLPs for their above-average yields and exposure to the US shale oil and gas revolution. But instead of simply picking the highest-yielding stocks, investors should consider the potential for price appreciation. From...
The Midstream Bunch
Dominion Midstream Partners LP (NYSE: DM) Dominion Midstream Partners LP made its public debut on Oct. 14, in the middle of an intense selloff in the energy sector. Despite the headwinds in the broader market,...
Midstream Madness
The Alerian MLP Index dipped to an intraday low of 435 on Tuesday morning—an almost 20 percent decline from the all-time high reached in late August 2014. This pullback reflects the indiscriminate selloff that engulfed...
10/16/14: New Addition to MLP Portfolio
Targa Resources Partners LP (NYSE: NGLS)--Buy<62 in MLP Portfolio Targa Resources Partners LP’s unit price yesterday failed to bounce back to the same extent as other master limited partnerships (MLP) in part because of unwarranted...
Big Oil: Picks and Pans
BP (LSE: BP, NYSE: BP) Regulatory and legal risks are part of doing business for oil and gas companies. And as the largest enterprises not owned by national governments, the major integrated oil companies often...
09/19/14: The Turnaround Continues
Model Portfolio and MLP Portfolio holding Enbridge Energy Partners LP (NYSE: EEP) yesterday announced that its general partner, Canadian pipeline giant Enbridge (TSX: ENB, NYSE: ENB), had proposed dropping down a 66 percent interest in...
TRENDING TOPICS
Special Deep Dive Year-End Roundtable
Earlier this month, Roger and I released a special Outlook 2019 Issue for Energy & Income Advisor sister publication Deep Dive Investing. It’s a transcript...
12/28/18 Time for Some Year-End Moves
We still smell investor panic in the air. But the trading action of the past couple days is nonetheless encouraging, as the stock market has...
12/28/18 Time for Some Year-End Moves
We still smell investor panic in the air. But the trading action of the past couple days is nonetheless encouraging, as the stock market has...