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%.

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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...

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