Streetwise MLPs Articles
Hinds Howard: The MLP Market Is Wide Open
Source: Zig Lambo of The Energy Report (9/13/11)
MLPs may be the best-kept secret on Wall Street. Representing the midstream segment of the energy supply chain, Master Limited Partnerships offer stable returns through U.S. energy infrastructure investment. In this exclusive interview with The Energy Report, Fund Manager Hinds Howard explains the peculiarities of this growing niche market and shares some quality stocks at fire-sale prices.
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MLP Makers: Where Do MLPs Come From?
Source: Hinds Howard, MLP HINDSight (9/12/11)
"In MLP land, it's a mix. Some grow in the traditional slow-and-steady way, while others are created with the help of growth capital or private equity firms."
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MLP IPO Update: On Pace for Record 2011
Source: Hinds Howard, MLP Hindsight (9/7/11)
"Over the last month, while the IPO market was closed due to market correction and volatility, several hopeful MLPs continued to work through the SEC registration process."
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MLPs Rise Until Jobs Don't
Source: Hinds Howard, MLP Hindsight (9/5/11)
"MLPs finished August on a very strong note, closing 12% higher than the August 8th low."
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MLP Week Thoughts: Crazy Nature, Boring Bernanke and Markets
Source: MLP Hindsight (8/30/11)
"MLPs should benefit generally from the Fed's decision to hold interest rates low at least until 2013."
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MLP Thoughts: Vegas Baby
Source: Hinds Howard, MLP Hindsight (8/23/11)
"If rates remain below 2.5% for a sustained period, cash should eventually seek out high-yield alternatives like MLPs. Meanwhile, most of Wall Street is on vacation."
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Master Limited Partnerships Set to Rebound
Source: Seeking Alpha, Timothy O'Rourke (8/17/11)
"With the price of most Master Limited Partnerships falling with the Dow, this makes MLPs a great buying opportunity and a chance to pick up a 12.5%–17% effective yield."
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MLPs: The Place to Be in a Vicious Market
Source: MSN Money, Jim Cramer (8/11/11)
"A portfolio of master limited partnerships that yields roughly 6% is there for the asking."
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MLPs Provide Income During Volatility
Source: Seeking Alpha, Zvi Bar (8/10/11)
"MLPs combine the tax structure of limited partnerships with the liquidity of publicly traded securities, and are not sensitive to price fluctuations except where they affect demand."
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Quinn Kiley: MLPs Show Fundamental Strength in Uncertain Times
Source: Brian Sylvester of The Energy Report (8/4/11)
As long as the investment environment remains "yield-starved and growth-challenged," MLPs will remain attractive, says Quinn Kiley, Fiduciary Asset Management's senior portfolio manager. In this exclusive Energy Report interview, Kiley shares his tips for finding the best apples in the NLG basket, where sector is just as important as size.
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Wind Power Wants U.S. Oil Tax Break
Source: Bloomberg, Richard Rubin (7/20/11)
"Wind power companies want to follow in tapping a Reagan-era tax break for oil and gas companies."
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Stephen Maresca: Are Midstream MLPs Going Mainstream?
Source: George Mack of The Energy Report (7/7/11)
Judging from fund flows into some of the Master Limited Partnerships (MLPs) he tracks, investors apparently agree with Stephen Maresca, Morgan Stanley's MLP expert, that the midstream sector of the oil and gas industry has gone mainstream. As Stephen tells The Energy Report in this exclusive interview, investors want exposure to the income, yield and total return that the MLPs provide, and they're finding growing revenues and growing free cash flow per share in operators with good management teams, strong balance sheets and assets in growing supply areas that are connected to good market sources for demand. "It's a good time to be involved in midstream plays," he says.
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The New Canadian Energy Income Trusts
Source: Keith Schaefer, Oil & Gas Investments Bulletin (6/7/11)
"Canada's energy income trusts transformed business in junior markets."
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Yves Siegel: Baby Boomers Attracted to MLP Yields
Source: Brian Sylvester of The Energy Report (5/24/11)
Master limited partnerships (MLPs) are growing in popularity as baby boomers nearing retirement flock to yield. In this exclusive interview with The Energy Report, Credit Suisse Managing Director and Senior Analyst Yves Siegel targets MLPs that are still growing faster than this burgeoning sector and dispels rumors that MLPs could be subject to new taxes.
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Kevin McCarthy: Closed-End MLPs Offer Simplified Tax Filing
Source: JT Long of The Energy Report (5/24/11)
In the past several years, MLP returns have exceeded S&P 500 performance. Kevin McCarthy, chairman and CEO of Kayne Anderson's four closed-end funds, says MLPs are attractive to investors who seek income and total returns. Although 2011 performance has lagged due, in part, to concerns about possible MLP-taxation changes, Kevin explains why a widespread change in the taxability of pass-through entities is highly unlikely in this exclusive interview with The Energy Report.
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Michael Blum: Headwinds or Clear Sailing for MLPs?
Source: Brian Sylvester of The Energy Report (2/3/11)
Noting that 2009 and 2010 provided an "extraordinary run" for master limited partnerships (MLPs), Wells Fargo Senior Energy MLP Analyst Michael Blum still sees plenty of potential. Learn which sectors are positioned to run ahead of the wind and which MLPs have set their sights on achieving investment-grade status in this exclusive interview with The Energy Report.
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John Edwards: Looking at MLPs for the Long Term
Source: Brian Sylvester of The Energy Report (1/18/11)
Master Limited Partnerships (MLPs) have lagged behind the broader market so far this year and their performance could be tempered until the second half, according to John Edwards, a senior MLP analyst with Morgan Keegan. In this exclusive interview with The Energy Report, Edwards explains why yield spreads aren't driving his conservative forecast.
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Kevin Smith: Yield and Shield Demand Underpinning MLPs
Source: Brian Sylvester of The Energy Report (12/7/10)
Master limited partnership (MLP) yields are down due to unprecedented investment demand in the space and the bullish distribution growth outlook, according to Raymond James Analyst Kevin Smith. Focusing on upstream MLPs, he says "consolidation is sure to continue." In this exclusive interview with The Energy Report, Kevin talks about one MLP he rates a strong buy, as well as some others with positive outlooks.
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Jerry Swank: The Man with the MLP Plan
Source: Brian Sylvester of The Energy Report (10/14/10)
Master Limited Partnerships (MLPs) are just about the most stable asset class in America, and the man with the MLP vehicles is Jerry Swank, founder and managing partner of Dallas-based Swank Capital. In this exclusive interview with The Energy Report, Jerry and Libby Toudouze, partner and portfolio manager, provide a comprehensive and insightful look at the MLP business and offer readers a bounty of MLP names.
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Elliott Gue Selectively Plays Uranium and Gas
Source: Brian Sylvester of The Energy Report (10/7/10)
Author and Energy Strategist Editor Elliott Gue looks to larger global energy trends to establish his investment strategies in alternative energy. Two of those trends include nuclear power development in emerging markets and the natural gas infrastructure needed for America's burgeoning shale gas plays. In this exclusive interview with The Energy Report, Elliott suggests some tried and true names that should benefit from those trends and a few lesser-known companies with similar aspirations.
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Ethan Bellamy: Value in MLP Tax Structure
Source: Brian Sylvester of The Energy Report (9/7/10)
Wunderlich Securities Senior Analyst Ethan Bellamy is another success story in a considerable line of exceptional MLP analysts. He believes the tax advantages of the MLP structure will eventually allow MLPs to become a "stalwart" asset class, saying, "MLPs offer pretty significant value propositions for an investor." In this exclusive interview with The Energy Report, Ethan talks about his favorite closed-end funds and some unprecedented opportunities in the upstream MLP space.
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Quinn Kiley: MLPs Going Institutional
Source: Brian Sylvester of The Energy Report (9/2/10)
Fiduciary Asset Management Senior Portfolio Manager Quinn Kiley is a big believer in the MLP space and sees opportunities in closed-end funds and among individual MLPs. In this exclusive and candid interview with The Energy Report, Quinn discusses the state of the MLP asset class and suggests some names with catalysts for growth.
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Yves Siegel: Management, Patience Keys to MLP Success
Source: Brian Sylvester of The Energy Report (8/17/10)
Credit Suisse Analyst Yves Siegel believes master limited partnerships (MLPs) are strong investment vehicles, particularly in uncertain economic circumstances. "I don't think there are many other places where investors can put their dollars and get a nice return with very moderate risk," he explains. In this exclusive interview with The Energy Report, Yves talks about the "Big Kahuna" and a handful of other well-managed MLP names with impressive yields and sector-leading growth prospects.
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Gabriel Hammond: New MLP Options
Source: Brian Sylvester for The Energy Report (7/29/10)
SteelPath Fund Advisors Founder Gabriel Hammond recently launched three Master Limited Partnership (MLP) mutual funds. They are the first open-ended funds in the MLP space, but will certainly not be the last. Gabriel explains the appeal of the new funds and gives us some of his firm's favorite MLP names in this exclusive interview with The Energy Report.
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John Edwards: Playing MLPs? Play Defense
Source: Brian Sylvester of The Energy Report (7/13/10)
Master Limited Partnerships (MLPs) remain sensitive to global economic volatility, but some defensive-oriented MLP names still have strong growth characteristics in their distribution outlook. In this exclusive interview with The Energy Report, Morgan Keegan Analyst John Edwards provides a selection of "defensive-oriented" MLPs for you to choose from.
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