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
Alert: Unfavorable Arbitration Ruling for Venture Global
After the market close last night, Venture Global (VG) announced that the International Chamber of Commerce (ICC) arbitration panel ruled in favor of BP Gas...
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,...