MLPs offer opportunity after sector downturn, UBS says


UBS sees opportunity ahead for energy MLPs, believing some of the "issues" that have clouded prospects - including negative scrutiny about practices at Linn Energy (LINE) and LinnCo (LNCO) which cast a cloud over the upstream MLP group - will fade.

Many risk factors are priced in at current levels, and there are some valuation opportunities, the firm says.

Mid-Con Energy Partners (MCEP) wins UBS accolades on its higher distribution potential and limited exposure to downside scenarios; other top picks are BreitBurn Energy Partners (BBEP) and LRR Energy (LRE).

UBS actually awards LINE a Buy rating, along with QR Energy (QRE); it's neutral on Legacy Reserves (LGCY), LNCO and Vanguard Natural Resources (VNR).

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  • AZKID44
    , contributor
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    "UBS actually awards LINE a Buy rating, along with QR Energy (QRE); it's neutral on Legacy Reserves (http://bit.ly/H2moTN), LNCO and Vanguard Natural Resources (http://bit.ly/TToavG)."

     

    Kind of strange that UBS has a buy rating for LINE, but ONLY has a neutral rating for LNCO .... since LNCO is organized as a pass thru for Line without the K-1 tax reporting hassles?
    15 Oct 2013, 07:19 PM Reply Like
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