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Cushing MLP Total Return Fund (SRV)

- NYSE
  • Tue, Aug. 11, 10:25 AM
    • Credit Suisse upgrades the MLP sector to Overweight following the recent sharp selloff, saying reversion to mean yield ranges suggest a total return outlook of more than 40%.
    • The firm notes that the overwhelming majority of distributions have been made, and MLPs are tracking to 7.8% Y/Y growth (excluding upstream and coal), above last year and at the high end of its 5%-8% forecast range for this year.
    • Credit Suisse says its top picks in the group are Genesis Energy (NYSE:GEL), Tallgrass Energy Partners (NYSE:TEP) and Energy Transfer Equity (NYSE:ETE).
    • The firm also says defensive names with low commodity exposure make the most sense going forward and have held up best in the current bear market, including pipeline-oriented MLPs such as Spectra Energy (NYSE:SE) and Kinder Morgan (NYSE:KMI), and the just-upgraded ONEOK Partners (NYSE:OKS) and Magellan Midstream (NYSE:MMP).
    • Small cap Midcoast Energy Partners (NYSE:MEP) is vastly oversold, the firm says, noting it has garnered parental support for 2.5 years.
    • Also viewed favorably: WES, CNNX, ENLK, EQM, PBFX, PSXP, WNRL, VLP
    • ETFs: AMLP, AMJ, KYN, MLPL, YMLP, TYG, SRV, KYE, CEM, MLPI, NML, FEN, NTG, MLPA, KMF, EMLP, FMO, MLPN, SRF, FEI, JMF, CBA, MLPG, MLPX, GMZ, EMO, MLPS, MLPY, TTP, CTR
    | Tue, Aug. 11, 10:25 AM | 38 Comments
  • Mon, Jul. 27, 2:39 PM
    • It’s understandable that energy MLPs would trade lower along with the broader energy sector, but they should not fall as far as direct plays on oil and they should not be performing even worse - but by some measures, that is exactly what is happening, Barron's Amey Stone writes.
    • Raymond James analysts believe MLP's correlation with high-yield bonds in a rising rate environment is a big reason for the group's underperformance, and that the current pricing action may be an overreaction.
    • The analysts believe MLPs will trade considerably higher than current levels over the next 12-plus months, as both organic and inorganic growth in the midstream/MLP sector drives investors to allocate capital to the companies and partnerships with the most visible pathway to creating long-term value.
    • ETFs: AMLP, AMJ, KYN, MLPL, YMLP, TYG, SRV, KYE, CEM, MLPI, NML, FEN, NTG, MLPA, KMF, EMLP, FMO, MLPN, SRF, FEI, JMF, CBA, MLPG, MLPX, GMZ, EMO, MLPS, MLPY, TTP, CTR, YMLI, AMU, CEN, MLPJ, ZMLP, GER, AMZA, SMM, MIE, DSE, ENFR, FPL, ATMP, JMLP, MLPC, MLPW, IMLP
    | Mon, Jul. 27, 2:39 PM | 16 Comments
  • Tue, May 19, 7:15 PM
    | Tue, May 19, 7:15 PM | 18 Comments
  • Nov. 26, 2013, 8:54 AM
    | Nov. 26, 2013, 8:54 AM | 3 Comments
  • Feb. 21, 2013, 10:34 AM
    BofA Merrill joins the growing list of Wall Street firms jumping on the MLP bandwagon (also) for investors seeking solid, dependable income streams, while noting a greater portion of total MLP return potential could result from capital appreciation driven by production growth and associated cash distribution growth. The firm's top three names: MEMP, LGCY, BBEP.
    | Feb. 21, 2013, 10:34 AM | Comment!
  • Feb. 4, 2013, 10:28 AM
    Despite a strong start to the year, the MLP analysts at Credit Suisse forecast a continued MLP catch-up trade that could lead to significant outperformance by MLPs vs. the S&P 500. The firm's top names have strong exposure to what it sees as the coming oil boom: PAA, MMP, EEP, EPD, GEL, KMR, KMP and KMI, plus ETFs KYN and SRV.
    | Feb. 4, 2013, 10:28 AM | 5 Comments
  • Oct. 10, 2012, 12:41 PM
    Not limited to mortgage REITs, panic grips another favorite of income investors, closed-end investment funds - notably those trading far above NAV for seemingly no other reason than their fat yield. The payouts on many of these are sustained by digging into capital rather than by earning a return on it. PGP -7.5%, PHK -7.8%, PHT -5.5%.
    | Oct. 10, 2012, 12:41 PM | 8 Comments
  • Oct. 8, 2012, 3:25 PM
    Blinded by fat yields, investors continue to bid closed-end funds far higher than their NAVs. 66% of taxable and 73% of muni-bond funds trade above NAV now, compared to just 30% a year ago, with often the funds with the highest distributions having the highest premiums. "We believe that an excessive premium for the fund is not likely to be sustainable," says Gabelli of one of its funds. Are investors listening?
    | Oct. 8, 2012, 3:25 PM | 35 Comments
  • Aug. 20, 2012, 3:56 PM
    Yield hungry investors playing in the MLP space may take caution as the sector's merits rate a Barron's cover and investor roundtable discussion. Among the selections is the popular JPMorgan Alerian MLP Index ETN (AMJ), up 17% Y/Y while yielding north of 9%, and trading at a 36% premium to NAV.
    | Aug. 20, 2012, 3:56 PM | 6 Comments
  • May 30, 2012, 5:20 PM
    As crude oil prices tank, more concerns arise for MLPs, even as many have virtually no direct exposure to Europe's troubles. Even at huge Enterprise Products Partners (EPD), macro concerns seem to be outweighing solid earnings. Sustained low Treasury yields may send more income investors to MLPs, but uncertainty over the future of dividend tax structures clouds the picture.
    | May 30, 2012, 5:20 PM | 23 Comments
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Company Description
The Funds investment objective is to obtain a high after-tax total return from a combination of capital appreciation and current income. The Fund will seek to achieve its investment objective by investing at least 80% of its net assets, plus any borrowings