Dominion News: Buffett Buys Gas Infrastructure, ACP Cancelled
While holiday weekends are normally quiet, Dominion Energy (D) made a splash on Sunday by announcing a ~$10 billion sale of natural gas infrastructure to Berkshire Hathaway (BRK.A) and the...
Revisiting Private Equity Involvement in Midstream
Private equity involvement in midstream has been well documented in recent years and has served as a catalyst at times, but with the collapse in oil prices, will private capital still be interested in...
MLP Consolidation and Conversion Update: Structure Questions Likely to Subside for Now
While MLP structure questions are one of many issues taking a backseat to oil (and other) headlines today, there have been some notable transactions and developments in recent months in the ongoing...
Is the MLP Model Still Relevant?
Given that consolidation in the MLP space is not entirely balanced by the few IPOs and the continued government support of the structure, the questions remain: is this just the growing pains of a...
Why Small Scale MLP M&A Should Not Be Ignored
Everyone loves an MLP announcement of a huge deal that will transform the company. Don’t forget that the smaller acquisitions, little adjustments to capital structure, and testing-the-waters JVs also...
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.