MLP Consolidation Part 1: The Nearly Departed
Recent news flow has revived the MLP consolidation conversation, even as anticipated transactions have largely been completed. Which MLPs are going away, and which MLPs are potential consolidation...
2019 Midstream Mid-Year Update Video
In this mid-year video update, we recap midstream’s strong start to 2019 and discuss what may be in store for this summer. Before you head out for vacation, watch this short video (only 3 minutes!)...
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...
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...
Private Equity in Midstream – The Bad, the Good, and the Unknown
For MLPs, private equity’s involvement is a bit of a double-edged sword. PE adds another layer of competition, but on the other hand, PE’s deep pockets can be helpful.
The Irrational Investor: MLPs Trading on UNfundamentals
No one sane would argue that MLPs have been the best of all possible investments this year, but current trading sentiment has started to swing even further away from fundamentals.