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CORRECTING and REPLACING New Source Energy Partners L.P. Announces Second Acquisition in Southern Dome FieldBusiness Wire (Feb 5, 2014)
Business Wire (Jan 21, 2014)
NSLP vs. ETF Alternatives
New Source Energy Partners LP owns and operates oil and natural gas properties in United States. It currently operates in east-central Oklahoma, specifically the Golden Lane field located in Pottawatomie, Seminole and Okfuskee Counties.
Wednesday, Mar 511:59 AM
Wednesday, Mar 511:59 AM| 3 Comments
- Robert W. Baird refreshes its outlook for master limited partnerships with six downgrades: five high-growth partnerships that now look fairly valued - NGL Energy Partners (NGL -1.8%), New Source Energy (NSLP -4%), Plains GP Holdings (PAGP -0.3%), Summit Midstream Partners (SMLP -0.6%) and Tallgrass Energy Partners (TEP -2.7%) - and are cut to Neutral from Outperform, and a reduction for Whiting USA Trust II (WHZ -0.7%) to Underperform from Neutral on elevated commodity risk.
- The firm recommends recycling capital into its top investment ideas: ONEOK Partners (OKS -1.2%), Plains All American Pipeline (PAA +0.9%), Rose Rock Midstream (RRMS +0.2%) and Crosstex Energy LP (XTEX -1.5%)
- Despite downgrading multiple high-quality MLPs, Baird says its long-term bullish view on the sector remains unchanged (Briefing.com).
Thursday, Nov 142013, 7:28 AM
Wednesday, Oct 92013, 10:59 AM
Wednesday, Oct 92013, 10:59 AM| 16 Comments
- MLPs typically return ~90% of their income to unitholders, and a new report from Oppenheimer suggests some MLPs may have a tough time doing that; some companies are way too aggressive and may be forced to cut their distributions if suitable acquisitions and capital are not available, the firm says.
- Oppenheimer's top energy MLPs to buy: BreitBurn Energy Partners (BBEP), LRR Energy (LRE), Memorial Production Partners (MEMP), New Source Energy Partners (NSLP) and the more aggressive Mid-Con Energy Partners (MCEP).
- MLP stress is far less prevalent on the leading large cap names, such as Enterprise Products Partners (EPD), Kinder Morgan Partners (KMP), Plains All American (PAA) and Energy Transfer Partners (ETP); all have consistently raised their distributions over the years and appear likely to continue to do so.
- ETFs: AMJ, AMLP, MLPG, MLPI, MLPN, MLPY, MLPL, MLPW, MLPS, YMLP, MLPA, EMLP, AMU, IMLP, MLPJ, ATMP, YMLI.
Wednesday, Sep 42013, 10:48 AM
Wednesday, Sep 42013, 10:48 AM| Comment!
- Oppenheimer restarts coverage of energy MLPs, bullish on the asset class as a whole; the firm shows a bias in favor of investing in higher distribution growth, even if the yields are lower, and for owning general partners due to their incentive distribution rights structure.
- Started at Outperform: EQT Midstream (EQM +2.1%), Seadrill Partners (SDLP +0.7%), Tesoro Logistics (TLLP +1.6%), Memorial Production Partners (MEMP +2.4%), Western Gas Partners (WES +0.4%), Western Gas Equity Partners (WGP +0.7%).
- Started at Market Perform: Williams Partners (WPZ), Crosstex Energy (XTEX), ONEOK Partners (OKS), Genesis Energy (GEL).
- Also: New Source Energy (NSLP), Breitbrun Energy Partners (BBEP), LRR Energy (LRE), Mid-Con Energy Partners (MCEP).
Wednesday, Aug 142013, 8:37 AM|Wednesday, Aug 142013, 8:37 AM| Comment!
Thursday, Jul 112013, 10:47 AMOppenheimer continues to like top MLPs, noting that the Alerian MLP index (AMJ) outperformed the S&P 500 in three of the past five times interest rates have risen. For the MLPs under its coverage, Oppy's analysts forecast median 2014 distribution growth of 5.6%. The firm's MLPs to buy: EPD, RGP, EEP, PAA, BBEP, LRE, EVEP, MCEP, NSLP. |Thursday, Jul 112013, 10:47 AM| 3 Comments
Wednesday, May 152013, 8:15 AM
Friday, Feb 82013, 11:36 AMNew Source Energy Partners (NSLP) becomes the fourth high-yielding master limited partnership to struggle at the outset of trading, as its units slip ~2.5% in their first day on the market despite their 10.5% annualized yield. NSLP joins three previous MLPs launched in 2013 - SXCP, USAC and CVRR - to see lackluster trading off their IPOs (though CVRR has since performed well). |Friday, Feb 82013, 11:36 AM| 3 Comments