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.
What Happened in July: Consolidation and Conservative Moves
As MLPs play through the chess game of the energy cycle (now entering the consolidation phase), they’re making conservative moves: keeping distributions flat, selling assets to raise cash, and keeping...
Pokémon, PAA, and PAGP
The new mobile game Pokémon Go has taken America by storm. The best Pokémon strategies are also some of the best MLP and investing strategies. The PAA/PAGP simplification deal can even be understood...
What Happened in May: 5 MLPs See a Brighter Day, But 2 Others Sail Away
April showers bring May flowers, and May flowers bring Pilgrims. But what will the May recovery in MLPs bring?
What Happened in April – Everyone Is Getting Ready
For MLPs and energy infrastructure companies, April was spent getting ready: raising money, selling assets, avoiding pitfalls, and reducing obligations.