RECENT Income RESEARCH
MLPs were weak despite crude oil gains in the week ending September 22. Crude oil rose above $50 per barrel and stayed there at the end of the week.
In this series, we’ll find out whether Cheniere Energy can gain upward momentum from here.
Midstream companies’ capital spending picked up in 2017 due to ongoing projects, the postponement of 2016 capital spending, and the addition of new projects.
Kinder Morgan (KMI) fell 0.5% in the week ending September 22, 2017. In comparison, the Energy Select Sector SPDR ETF (XLE) rose 2.1%.
We are all potentially at risk of cyberattack – directly or indirectly. When it comes to municipalities, this may not always be obvious to the average state or city taxpayer.
ONEOK is trading at dividend yield of ~5.3%—higher compared to ~2.6% for Kinder Morgan (KMI) and ~4.9% for Magellan Midstream Partners (MMP).
In this series, we’ll discuss the ten MLPs with the highest yields. We’ll compare the yields they offer, the reasons for the high yields, and if the yields are attractive considering the risks involved for each of these MLPs.
The four MLP partners we’ll compare in this series are Energy Transfer Equity, Western Gas Equity Partners, Plains GP Holdings, and Williams Companies.
Kinder Morgan (KMI) rose 1.1% in the week ended September 15, 2017.
MLPs had a strong start last week, driven by the crude oil rally. However, these gains were slightly offset by a decline on Friday.
Calumet Specialty Products Partners stock has nearly doubled in 2017. Its 50-day moving average crossed above its 200-day moving average at the end of June.
Enable Midstream Partners (ENBL) announced the signing of a merger agreement to acquire Align Midstream on September 12. In this series, we’ll assess whether ENBL could gain upward momentum.
Emerge Energy Services (EMES) and Hi-Crush Partners (HCLP), which are frac sand MLPs, have fallen 45.0% and 60.0%, respectively, YTD (year-to-date).
MLPs had a good start last week with a strong rally in crude oil prices. But they turned to losses during the latter half of the week on concerns over Hurricane Irma and a corresponding weakness in crude oil prices.
Kinder Morgan stock continued to trade below its 50-day moving average last week.
Buckeye Partners (BPL) has been one of the worst performing MLPs in recent months, hitting a new 52-week low of $54.60. But has recovered slightly since then.
Timberland REITs (real estate investment trusts) in the US don’t seem to be in doubt about their continued growth momentum in the near future.
The key reason for the debt ceiling deal was to approve aid to Hurricane Harvey victims. A US government shutdown could have adversely impacted relief operations.
William Companies (WMB) has recovered slightly after a weak August 2017, and it has risen 2.4% since last week. WMB has fallen 3.3% since the beginning of 2017.
Of the four propane distribution MLPs—AmeriGas Partners (APU), Ferrellgas Partners (FGP), Star Gas Partners (SGU), and Suburban Propane Partners (SPH)—only Star Gas Partners stock is in the green so far in 2017.