Increasing propane exports should help provide some support to propane prices, which have dropped steeply since 2H11.
A movement down in most NGL prices last week was negative for gas processing MLPs.
Warmer weather last week was a negative for propane distributors such as APU, SPH, and FGP.
Last week’s movement down in interest rates is a positive indicator for MLP stocks which can be sensitive to rate changes given their yield feature.
Fractionation spreads increased slightly last week which is a positive for natural gas processors (many of which are MLPs).
Rates on Treasurys moved up last week. A continued move up in Treasury rates could be a negative sign for MLPs which often trade on yield.
Last week’s capital markets activity demonstrated that MLPs continue to be able to access the debt and equity markets at attractive rates which is positive for growth.
Last week saw most natural gas liquids (NGL) prices move upward, a positive for some master limited partnerships (MLPs) involved in natural gas processing and fractionation such as MarkWest Energy…
Spreads between MLPs and corporate credit narrowed on the week, which was positive for the relative value of MLPs.
Master limited partnerships (MLPs) can be sensitive to rate movements, as many investors view MLPs as a yield instrument. To think of it simply, if rates on US government Treasurys…
Drilling activity in the Permian Basin in West Texas has rapidly increased over the past several years creating opportunities for certain midstream players.
Propane distributors such as AmeriGas Partners (APU), Ferrellgas Partners (FGP), and Suburban Propane Partners (SPH) can see reduced demand from their customers when propane prices rise. This is because propane…
Last week’s movement in NGL and natural gas prices was a positive for natural gas processors.
Last week’s warmer than average weather is a negative data point for propane companies such as AmeriGas Partners (APU) …
MLP distributions announced so far in 2013 show positive growth.
The Bakken shale boom in North Dakota benefits certain midstream companies operating in the area.
When energy companies produce natural gas, the raw stream which comes from the ground must first be processed before it can be effectively used. Many of the companies that process…
Companies in the natural gas processing space (many of which are master limited partnerships) keep an eye on the fractionation or “frac” spread, which is a measure in the difference…
A look at how to calculate frac spreads, a measure of the difference between nat gas and NGL prices.
Last week’s nat gas and NGL price movements ultimately resulted in fractionation spreads being down slightly.