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MPLX vs. ETF Alternatives
MPLX LP is a limited partnership recently formed by Marathon Petroleum Corporation to own, operate, develop and acquire crude oil, refined product and other hydrocarbon-based product pipelines and other midstream assets.
Wednesday, Dec 42013, 10:35 AM
Wednesday, Dec 42013, 10:35 AM| Comment!
- Marathon Petroleum (MPC -3.1%) and MPLX (MPLX -0.7%) outline a plan to invest aggressively in its midstream and retail segments to help balance the volatility of its refining operations. (presentation)
- Over the next three years, MPC expects to invest $640M in midstream assets that are a part of its refining and marketing segment, $2.4B in pipeline transportation including MPLX, and $925M on growing the Speedway convenience store segment.
- "We recognize that earnings volatility is an issue for long-term investors, and we are addressing that by growing more aggressively the segments of our business that produce more stable cash flows," CEO Gary Heminger says.
Wednesday, Jun 122013, 10:56 AMMPLX (MPLX -2.4%) is downgraded to Neutral from Buy at BAML, which recognizes the MLP's peer-leading distribution growth, supportive general partner, dowry of drop-downs and fee-based cash flows, but sees units largely pricing in this growth given its current yield of 2.9%. |Wednesday, Jun 122013, 10:56 AM| 1 Comment
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DaLatin:: Growth seems hard to find,bu,buybacks are strong. So,that shows prices are still cheap. I see buyouts picking up soon too. LONG
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zorro2828:: I wish America could get over itself and get the politics in Washington done and the market would be taking this one much higher I expec