Memorial Production Partners (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...
Only subscribers can access this article, which is part of the PRO research library covering 3,775 different stocks.
Growing numbers of fund managers and other investment professionals subscribe to Seeking Alpha PRO for equity research that is unavailable elsewhere, so they can: