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.
How to Evaluate an MLP Joint Venture
As MLPs exit the energy downturn, JVs have become a popular method not just of self-preservation, but also of securing otherwise-impossible growth opportunities. Here’s what to consider when an MLP...
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...