Energy Investing Showdown: Midstream/MLPs vs. Majors vs. Broader Energy

Energy Investing Showdown: Midstream/MLPs vs. Majors vs. Broader Energy

Investors often ask us how midstream compares to other common energy holdings. Today, we compare MLPs and midstream with the majors and broader energy both quantitatively and qualitatively to help fra...
BPL: What does Buckeye’s Buyout Mean for MLPs and Midstream?

BPL: What does Buckeye’s Buyout Mean for MLPs and Midstream?

Buckeye Partners (BPL) announced this morning that it has agreed to be acquired by IFM Investors for $41.50 per unit – a 27.5% premium to BPL’s closing price yesterday. In this post, we discuss the im...
Private Equity Continues to Bet Big on Midstream

Private Equity Continues to Bet Big on Midstream

Private equity involvement in energy infrastructure is nothing new, but private equity funds have shown considerable interest in midstream so far this year. Today, we will examine the positives and ne...
MLPs: Come for the Yield, Stay for the Total Return

MLPs: Come for the Yield, Stay for the Total Return

For MLPs, the paradigm has shifted from focusing primarily on distribution growth to more of a total-return focus, as financial flexibility, self-funding equity, and capital discipline become greater...
Have MLPs and Midstream Actually Reduced Leverage?

Have MLPs and Midstream Actually Reduced Leverage?

Reducing leverage has been a theme across midstream for some time, but have midstream MLPs and C-Corporations actually delevered? Today, we examine leverage metrics from 2016 to 2018 for the current N...
US LNG Exports: The Who, What, Where of Projects and Why China Relations Matter

US LNG Exports: The Who, What, Where of Projects and Why China Relations Matter

Today, we revisit US LNG exports. What projects are starting up in 2019-2020? What projects have been green lighted for construction or are nearing the start of construction? What about the impact of...
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