Seeking Alpha

Barclays urges investors to look into master limited partnerships, calling the MLP selloff late...

Barclays urges investors to look into master limited partnerships, calling the MLP selloff late last year “not sustainable" and offering eight favorites: TRGP, WMB, OKE, KMI, PAA, EQM, WES, ACMP. On Targa Resources, the firm forecasts a 36% growth in distributions this year, among the highest in the space, driven by $1.9B of organic projects under execution. (also: Barclays' top utilities)
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Comments (8)
  • Hillbilly Stock Star
    , contributor
    Comments (745) | Send Message
     
    AMLP ......ez to own imo!
    24 Jan 2013, 03:08 PM Reply Like
  • Mike Maher
    , contributor
    Comments (2809) | Send Message
     
    A lot of these are back towards their 52-week highs, and some up as much as 12% this year. Barclays should have been urging people to buy the weakness last month, not after the units have already recovered!
    24 Jan 2013, 03:19 PM Reply Like
  • ComputerBlue
    , contributor
    Comments (934) | Send Message
     
    Yeah no kidding. Way too late on this one.
    24 Jan 2013, 05:25 PM Reply Like
  • chyten
    , contributor
    Comments (221) | Send Message
     
    EPD and MMP should be on the short list for MLP's.
    24 Jan 2013, 08:07 PM Reply Like
  • minor
    , contributor
    Comments (362) | Send Message
     
    Regarding an earlier comment about buying at 52 week highs, we are all concerned about that but there are plenty of examples where starting a position at a 52 week high (or an all-time high) have worked out worked out very well. I've suffered and benefited. My first purchase of TRGP was in Feb. 2012 at an all-time high. Three of the next four additions to the position were at all-time highs. And it's at virtually an all-time high now. The ones that didn't work that way I can't remember now.
    24 Jan 2013, 08:41 PM Reply Like
  • Mike Maher
    , contributor
    Comments (2809) | Send Message
     
    Not saying buying at a 52-week high won't make you money, but if I paid to get access to investment research, and the research said last months selloff was not sustainable, and I look at a chart, and TRGP dipped from $50 to $47 in December, and they are telling me that dip was a buying opportunity, 4 weeks and $10 later, I'd be cancelling that service.
    24 Jan 2013, 09:40 PM Reply Like
  • bearperney
    , contributor
    Comments (19) | Send Message
     
    Wait a minute! KMI is not an MLP is it?
    24 Jan 2013, 10:15 PM Reply Like
  • Mike Maher
    , contributor
    Comments (2809) | Send Message
     
    No, but a large chunk of its assets are ownership interests in an MLP
    24 Jan 2013, 10:39 PM Reply Like
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