Global X Junior MLP ETF
Why Regency is an important deal for Eagle Rock Energy Partners
In late December 2013, Eagle Rock entered into an agreement with Regency Energy Partners (RGP), announcing that it will sell its midstream business to RGP for $1.3 billion.
Overview: Regency’s recent acquisitions
On March 21, Regency closed its acquisition with PVR Partners. The combination creates a fully integrated midstream partnership platform by further expanding Regency’s position in the Appalachia Basin.
Why the MLPJ ETF shows tracking error versus its benchmark index
The effect of sampling—the difference in the holdings between MLPJ and its benchmark index—is another cause of the tracking error.
Overview: Regency Energy Partners
Regency Energy Partners L.P. (RGP) is a midstream operator of natural gas pipelines, gathering systems, and processing facilities.
Atlas Pipeline Partners taps preferred equity for over $100 million
Earlier in March, Atlas Pipeline Partners (APL)—a gathering and processing master limited partnership (or MLP)—announced an offering of preferred equity.
Must-know: Natural gas storage in the U.S.
Natural gas can be stored for an indefinite period of time for later consumption.
A guide to preferred equity and 2 MLPs that recently issued it
Preferred equity (also called “preferred stock”) is a class of security that has features of both common equity and debt. Preferred equity acts like stock.
Vanguard Natural Resources raises $169 million in preferred equity
Earlier in March, Vanguard Natural Resources (VNR) raised money through the issuance of preferred equity. VNR issued 7 million 7.625% cumulative redeemable perpetual preferred units.
Why tracking errors in MLPA make the ETF underperform its index
The tracking error of MLPA is 3.96%. This means the standard deviation for excess average weekly returns for the benchmark index over MLPA for the past year is 3.96.
Must-know: Existing crude pipeline systems in the Bakken
Plains All American Pipelines (PAA) owns and operates several gathering systems and pipelines that service crude oil production in eastern Montana and western North Dakota.