MLP Structural Simplifications: Part 2 – IDR Eliminations
In recent years, we’ve seen MLPs move to eliminate IDRs, as several management teams have acknowledged that IDR structures become unsustainable over time. In today’s post, we look at how IDR...
Understanding MLP Liquidity
A picture is worth a thousand words. Today we’re using a new platform, called Tableau, to look at median daily trading volume as it relates to market cap.
Understanding MLP GP Models
On the heels of the Plains All American Pipeline (PAA) and Plains GP Holdings (PAGP) simplification announcement, we’ve received many questions about MLP GP models. Today I’ll discuss the types of...
AMZ Anniversary Countdown: 2012
Three more weeks until the 10-year anniversary of the AMZ. Today, we look at 2012, where the 12-year streak of the AMZ outperforming the S&P500 came to an end.
What Happened in May? Think Horses Not Zebras
Two data points don’t make a trend. If you look around at other transactions, the use of the MLP structure is alive, well, and thriving.
What Happened: What the King Thinks of Chicken Little (December 2014)
2014 did not end on a high note. Crude kept falling, investors harvested tax losses, and E&P MLPs lost their shirts. Despite this, the sky is not falling, Chicken Little.