Michael Fitzsimmons
Oil & gas, dividend investing, research analyst

Transmontaigne Partners: Why You Should Be Accumulating This 6% Yielding MLP

One of my favorite MLPs, Transmontaigne Partners (NYSE:TLP) recently delivered another excellent quarter. TLP also has a high coverage ratio, and currently yields 6%. The company has a highly visible growth catalyst - the Collins storage terminal expansion - and a very promising asset on the Gulf Coast: the BOSTCO deepwater dock in Texas. Meanwhile, the company has beefed up its credit line in order to take advantage of any organic growth or M&A prospects via TLP's relatively new general partner ArcLight Capital Partners. The Collins Storage Terminal Source: TLP Presentation On the Q4 and full-year 2016 conference call, Transmontaigne management updated investors on the Collins Storage Terminal project, which has been coming into service since December ...
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