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  • Dominion Midstream Partners, An MLP IPO With High Growth Opportunities [View article]
    DM should price this evening if market holds, still expect high range as CNNX holds premium, with secondary trading to begin Wed
    Oct 14 11:34 AM | Likes Like |Link to Comment
  • IPO Preview: USD Partners LP [View article]
    Not binary, but if Keystone and Energy East are built, it will reduce the demand for Hardistry rail in 2018. USDP has long term rail agreements for their current capacity which is funding the MQD yield of 1.15...15% DCF growth will come from Hardisty II, which will be generating revenues in late 2015. Oil Sand production floor is $49 and they are getting $65 presently w WTI at $85. Canada's govt is all in on creating an export market for their crude....unfortunately their citizens are less interested
    Oct 9 10:22 PM | Likes Like |Link to Comment
  • Why MLP Investors Should Be Nervous About Enterprise Products' Acquisition [View article]
    The prospect of much lower oil is the reason as the market questions the future growth rates. Interest rates chatter helped MLP's recover, for now
    Oct 8 05:07 PM | Likes Like |Link to Comment
  • Why MLP Investors Should Be Nervous About Enterprise Products' Acquisition [View article]
    We would argue that control premium was realized in the GP purchase leaving LP holders with a market price acquistion. The GP will realize all of the premium when it does not have to share across all LP units holders (in this case 33% of public float), that is the key takeaway to this transaction for other LP unit holders
    Oct 8 10:48 AM | Likes Like |Link to Comment
  • Oil-By-Rail Assets Will Drive This MLP IPO Higher [View article]
    The articles outlines the two pipelines which may be built as risks to takeaway capacity to the Gulf. Apart from these two (one of which is Keystone), are there other specific pipes you are suggesting will be developed?
    Oct 6 10:13 AM | Likes Like |Link to Comment
  • Oil-By-Rail Assets Will Drive This MLP IPO Higher [View article]
    About 41%, see below link for details

    http://bit.ly/1usn6z8
    http://bit.ly/1usn6zc
    Oct 6 09:21 AM | Likes Like |Link to Comment
  • Can The Recent IPO 'Enable' You To Realize A 17% Total Return? [View article]
    Between 10 and 12% as indicated below. Also note that ENBL should be one of the two companies added to the AMZ index later this year

    http://bit.ly/1usa9FD
    Oct 6 07:57 AM | 1 Like Like |Link to Comment
  • Oil-By-Rail Assets Will Drive This MLP IPO Higher [View article]
    Perhaps, but the key is to own before they become hot and not to buy at the peak.
    Oct 5 12:47 PM | 1 Like Like |Link to Comment
  • This Key MLP Metric Will Reward IPO Investors [View article]
    Lock up expiration are not impactful, but secondary's certainly are. Look no further than TEP and SDLP to understand short term/long term performance after secondary's used to finance accretive growth.
    Oct 3 01:20 PM | Likes Like |Link to Comment
  • Why MLP Investors Should Be Nervous About Enterprise Products' Acquisition [View article]
    This article is not meant to trash EPD as the acquisition is very strategic given the assets and supply chain. The point of the article is to highlight the risks to LPs when their GP is acquired, which is the case with EPD acquiring OILT. In this case, OILT unit holders have lost principal in this deal and will own a lower growth (albeit very well managed) MLP.
    Oct 3 09:16 AM | 11 Likes Like |Link to Comment
  • Why MLP Investors Should Be Nervous About Enterprise Products' Acquisition [View article]
    The warning is to MLP unit holders in general. In the case of EPD, an acquirer must take control of a single entity, so as you point out, this risk is not applicable.
    Oct 3 09:06 AM | 3 Likes Like |Link to Comment
  • This Key MLP Metric Will Reward IPO Investors [View article]
    USD Partners is a very interesting IPO pricing 10/6, look for our preview in the next day or two
    Oct 2 05:23 PM | Likes Like |Link to Comment
  • Weekly Intelligence For MLP Investors [View article]
    Shell Midstream will be no different from the other Sponsor drop downs and likely warrant a 1.7% yield in the secondary. The issue will be their IDR structure and whether it provides greater financial benefits than those of PSXP, VLP, MPLX, etc
    Sep 29 06:48 PM | Likes Like |Link to Comment
  • Weekly Intelligence For MLP Investors [View article]
    Shell announced second half of the year and we expect late October. As of August, Shell still was actively recruiting for finance and audit. We will provide analysis upon the registration filing and roadshow.
    Sep 29 02:36 PM | 1 Like Like |Link to Comment
  • CONE Midstream Partners: A New MLP With The Largest Marcellus Acreage [View article]
    Priced above range at $22, 3.86% min yield
    Sep 25 08:11 AM | Likes Like |Link to Comment
COMMENTS STATS
130 Comments
209 Likes