Casey Hoerth
Long only, long-term horizon, growth at reasonable price, dividend investing

Memorial's Heightened Guidance Means A Locked-In 10% Yield

Memorial Production Partners (NASDAQ:MEMP) is an upstream Master Limited Partnership, or MLP. Memorial is the primary recipient of dropdown acreage from its privately-held parent company, Memorial Resource Development and that company's private equity capital parent, Natural Gas Partners. With over a trillion cfe in reserves, most of it already proven, Memorial Resource Development drops mature, high-margin assets to the MLP, Memorial Production Partners, which I will just refer to as Memorial in this article.

Memorial's yield is currently among the highest in the upstream MLP space at just over 10%. Much of this low valuation and high yield is because Memorial is still a fairly young parnership. But just because Memorial is young doesn't mean that its dividend...

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