What Happened Last Week in MLPs: Consolidation and Simplification Highlights the Waning Importance of Dropdown Stories
Having a strong sponsor and dropdown story are no longer enough to outperform in the MLP space. As announcements by DPM and MPLX highlight, IDR elimination is what everyone wants to see.
Last week, routine regulatory approvals generated positive sentiment in the MLP space. However, risks remain and investors should continue to account for regulatory and project execution risk.
What Happened in October: 3 Challenges for Dropdown MLPs and 3 Ways Their Parent Companies are Helping
Dropdown names once handily outperformed other MLPs. Now, following a year of underperformance, their parent companies are stepping in to help boost valuations.
Bucking the trend of larger MLPs buying smaller ones, AMID and JPEP merged last week to almost no fanfare, but here’s what might drive some other “under the radar” mergers.
Ten year contracts are great—until things change. A decade is a long time, but MLPs are a long-term investment.
Under September’s black moon, only the Permian said the right spells.