Incentive Distribution Rights
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)...
Memorial Resource Development Corp: Half a General Partner
Memorial Resource Development Corp (NSDQ: MRD) is an exploration and production company that controls about 205,000 net acres that are prospective for hydrocarbons and contain an estimated 1,126 billion cubic feet of natural-gas equivalent in proven...
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...
General Appeal
The master limited partnership (MLP) structure often comprises two entities: a limited partnership that owns the underlying assets and a general partner (GP) that’s responsible for managing the operating entity. In addition to a minority...
The Lowdown on MLP IDRs: Incentive or Impediment?
Master limited partnerships (MLP) usually comprise two entities: an operating limited partnership (LP) and a general partner (GP) that usually owns a 2 percent stake in the LP and receives compensation for managing the operating...
TRENDING TOPICS
Update – Summer Volatility: Oil, Gas and our Top E&P Recommendations
Front-month natural gas prices have endured a significant decline since late June and that’s hit shares of our favorite producers. Meanwhile, there’s been significant market...
Hess Corp and Chevron Merge: Our Thoughts
EIA Actively Managed Portfolio recommendation Hess Corp (NYSE: HES) has now officially merged with Chevron Corp (NYSE: CVX). As a result, our 40 shares of...
Natural Gas: A Summer Buying Opportunity
The front-month futures price of natural gas is down from over $4.50/MMBtu back in early March to under $3.25/MMBtu today. And, on a shorter-term basis,...
Sell Occidental, Buy Permian Resources
Last year, the value trade in energy was natural gas. NYMEX natural gas prices averaged around $2.27/MMBtu and front-month gas prices dipped well below $2.00...