Bullseye Investor
Short-term horizon

QEPM Midstream: A Midstream Dropdown Story With 4%+ Yield

Investment Summary: This investment essay on QEP Midstream Partners (NYSE:QEPM), a growth oriented midstream MLP. In the following paragraph we will discuss on how the MLP is on a strong wicket to register double digit distribution growth supported by excellent sponsor drop downs and volume expansion. Moreover the MLP offers stability given long term, fee based service agreements with its clients supported by inflation escalators with limited commodity price exposure and excellent cash flow visibility.

Company Overview: QEP Midstream Partners is a growth oriented limited partnership formed by QEP Resources (NYSE:QEP) to own, operate, acquire and develop midstream energy assets. QEPM's primary assets consist of ownership interests in 4 gathering systems and 2 FERC-regulated pipelines through...

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