RECENT MLPs RESEARCH
NuStar Energy (NS), a midstream MLP primarily engaged in liquids transportation and storage, has been closely following the movement in crude oil prices.
The Alerian MLP Index, the benchmark index for energy MLPs, rose 0.2% in the week ended July 7, 2017.
Targa Resources has completed the acquisition of gas gathering and processing and crude gathering assets from Outrigger in the Midland and Delaware Basins.
MLPs (master limited partnerships) experienced a roller coaster ride in June due to the high volatility in crude oil and natural gas prices.
Fund flows in top MLP ETFs were positive for the week ending June 30, 2017. AMLP witnessed a net inflow of $42.3 million during the week.
Williams Companies (WMB), the C-corp GP (general partner) of Williams Partners (WPZ), has been rallying over recent trading sessions due to the slight recovery in crude oil and natural gas prices.
Boardwalk Pipeline Partners, a midstream MLP mainly involved in natural gas and NGL transportation and storage, is among Credit Suisse’s top MLP picks.
Due to the fall in crude oil prices, one of the worst-performing MLP subgroups in recent months has been gathering and processing (or G&P) MLPs.
Kinder Morgan (KMI) is one of the largest energy infrastructure companies in the US. KMI owns an interest in or operates ~84,000 miles of pipelines and 155 terminals.
The Permian Basin is primarily located in West Texas with a small part spilling into the southeastern corner of New Mexico.
Energy Transfer Equity’s shares rose 6.1% on June 23 after the US Federal Court allowed the Dakota Access Pipeline to operate during legal proceedings.
In this series, we’ll look at four MLPs—Energy Transfer Partners, Enbridge Energy Partners, Plains All American Pipeline, and Genesis Energy. These four MLPs are currently trading at yields higher than 9%.
The Alerian MLP Index (AMZ), the benchmark index for energy MLPs, fell 1% last week (the week ended June 23, 2017).
Cheniere Energy (LNG), which is set to export its first LNG (liquid natural gas) cargo to South Korea, has fallen 3.0% this month as of June 22, 2017.
Williams Partners (WPZ) has been impacted by the current weakness in the midstream sector due to falling commodity prices. The partnership has fallen ~5.5% since the beginning of June.
MLPs have seen a series of major sell-offs due to significant weakness in crude oil prices. The Alerian MLP ETF (AMLP) has fallen 7.5% since the beginning of June 2017.
On Monday, June 19, 2017, EQT Corporation (EQT) announced its acquisition of Rice Energy (RICE) for $6.7 billion.
Kinder Morgan (KMI) gained 0.6% in the week ended June 16, 2017. KMI has risen 3.5% since May 30, 2017.
Energy MLPs, as represented by the Alerian MLP Index (AMZ), fell 2.3% for the week ending June 16, 2017. MLPs fell for the fourth straight week.
Energy Transfer Partners (ETP) appears now to be facing not just weak energy prices but environmental roadblocks.