Albert Alfonso
Dividend investing, dividend growth investing, master limited partnerships, oil & gas

DCP Midstream Partners: A Conservative Midstream MLP With Several Upside Catalysts

DCP Midstream Partners (NYSE:DPM) is a MLP engaged in various midstream services involving natural gas, natural gas liquids and propane. The vast majority of DCP Midstream Partners' cash flow is fee-based and commodity price neutral. DCP Midstream Partners is managed by its general partner DCP Midstream GP, which is a joint venture between Phillips 66 (NYSE:PSX) and Spectra Energy (NYSE:SE). DCP Midstream Partners last declared quarterly distribution was for $0.70 per unit and at current prices yields about 5.50%.

(click to enlarge)

DCP Midstream Partners assets include 19 plants, 9 fractionators and about 11,000 miles of pipeline. These assets are spread across some of the most energy-rich areas of the country, with a heavy...

Join Seeking Alpha PRO to read this archived article and 11,574 other archived articles
FREESA PRO MEMBERS
IDEA GENERATORXExclusive access to 10 PRO ideas every day
INVESTING IDEAS LIBRARYXExclusive access to PRO library of more than 15,000 ideas
SECTOR EXPERT NETWORKXExclusive access to all sector experts for direct consultation
PERFORMANCE TRACKINGXTrack performance of all PRO stock ideas
PROFESSIONAL TOOLSXProfessional Idea Filters to zero-in based on industry, market cap and more
"In just the first month of using PRO, I used it to generate two ideas which were actionable for me. As a result of these two positions, I have earned more than 20 times the annual subscription costs for PRO."Michael Yagemann, Greenbridge Capital
"I am pleasantly surprised with the scope of small and mid-cap coverage PRO offers. You can't find that any where else."Patrick Rice, Mainstay Capital Management
You may cancel at any time for any reason, and receive a prompt refund for membership on months paid and not used (max. 6 months). Details