The influx of supply of natural gas liquids had caused ethane and propane prices in particular to collapse in late 2012 and early 2013.
The U.S. Federal Reserve has followed an accommodative monetary policy since 2008, in order to spur economic recovery.
Even when the Treasury rates moved northward last week, investors chose the riskier high yield bonds over leveraged loans.
On March 7, 2014, ARP issued 5,500,000 common units representing limited partner interests at an offering price of $21.18 per unit.
Other than Targa Resources, the other company investing major sums to participate in LPG exports is Enterprise Products Partners (EPD).
A ratings upgrade or downgrade has a direct impact on fixed income yields, and therefore directly affects bond prices.
The best economic news last week was the better-than-expected retail sales data for February, although January was revised downward.
The number of loans backing dividend recapitalization rose to a total of $9.3 billion in February 2014.
The prices for West Texas Intermediate (WTI) crude at Midland, TX traded at a discount of $10.50/Bbl to WTI at Cushing, OK on Thursday, last week.
Tension in Ukraine and Russia and disappointing economic data from China sharply pulled down the U.S. equity market.
On March 5, 2014, DPM issued 14,375,000 common units at $48.90 per common unit.
MLPs rely mostly on external funding sources (as opposed to internally generated cash) to execute growth projects and acquisitions.
Targa Resources (NGLS), a major MLP player in the midstream market, has been active in increasing infrastructure and facilitating exports.
Improvement in the up/down ratio commenced one quarter prior to the formal demarcation of the end of the recession.
The primary loan market remained busy with opportunistic issuers coming in to test the investor’s interest for floating interest rate loans.
This article considers the risk and reward of exposure to higher levels of credit risk versus long bond duration risk.
Puerto Rico’s general obligation bonds have been recently downgraded to junk level by rating agency S&P.
The releases this week are crucial to understanding the financial health of the U.S. economy.
The definition of “liquefied petroleum gas” or “LPG” can vary depending on context, but it’s commonly used to refer to the hydrocarbons propane and butane.
According to the National Bureau of Economic Research (or NBER), the trough of the recession was reached in June 2009, and the economy began expanding in Q3 2009.