Magellan Midstream Partners, L.P.

Latest Magellan Midstream Partners, L.P. News and Updates

  • uploads///hurricane harvey
    Company & Industry Overviews

    Hurricane Harvey Impacted Energy MLPs

    Hurricane Harvey hit the US Gulf Coast last week. The US Gulf Coast is a major destination for US refineries and energy infrastructure.

    By Kurt Gallon
  • uploads///uso
    Macroeconomic Analysis

    USO Is a Better Trade Compared to XOP in Week of July 2

    Shares of USO trade on the NYSE like company stock. The fund lost ~5.3% in the week ended July 2.

    By Keisha Bandz
  • uploads///broker recommendations
    Earnings Report

    EPD’s 3Q16 Results: Is a Recovery in Energy Coming Soon?

    On the current state of the energy industry, EPD’s CEO Jim Teague said, “We are optimistic that the energy industry has weathered the harshest part of this cycle.”

    By Rekha Khandelwal, CFA
  • uploads///mmps ebitda by segment
    Company & Industry Overviews

    Magellan Midstream: Analyzing How Its Segments Performed

    Magellan Midstream Partners’ (MMP) Refined Products segment, which primarily transports gasoline and diesel, earned 61% of its EBITDA for 2Q17.

    By Rekha Khandelwal, CFA
  • uploads///mmps ebitda by segment
    Company & Industry Overviews

    What to Make of Magellan Midstream Partners’ Segment Performances

    Magellan Midstream Partners’ (MMP) operational segments are Refined Products, Crude Oil, and Marine Storage.

    By Rekha Khandelwal, CFA
  • uploads///anr
    Energy & Utilities

    MLP Rating Updates during the Week Ending December 15

    During the week ending December 15, BMO Capital Markets upgraded Magellan Midstream Partners (MMP) to “outperform,” which is equivalent to “buy.”

    By Kurt Gallon
  • Energy & Utilities

    Why Sunoco Logistics has significant plans for the Permian Basin

    Sunoco Logistics Partners L.P. (SXL) is a master limited partnership (or MLP). Its Crude Oil Pipelines segment transport 4,900 miles of crude oil, primarily in Oklahoma and Texas.

    By Alex Chamberlin
  • uploads///amz and  year treasury yield
    Company & Industry Overviews

    Are Rising Treasury Yields behind the Higher MLP Yields?

    The Alerian MLP Index is trading at a yield of ~7.9%, which is ~5% higher than US ten-year Treasury yields.

    By Rekha Khandelwal, CFA
  • uploads///featured image
    Company & Industry Overviews

    Top Three MLPs for Income Investors

    There’s a widespread consensus that the worst is over for the MLP sector. Savvy investors seem to be willing to give the sector a second chance.

    By Rekha Khandelwal, CFA
  • uploads///featured image
    Energy & Utilities

    Analyzing Trends in Top Midstream Companies’ Price Targets

    Six out of the top ten midstream companies currently have a lower mean price target than they had a year ago.

    By Rekha Khandelwal, CFA
  • uploads///featured image
    Earnings Report

    Highlights from Kinder Morgan’s Fourth-Quarter Earnings

    Kinder Morgan reported its fourth-quarter earnings on January 16 after the markets closed. Kinder Morgan’s adjusted EPS grew ~19% YoY.

    By Rekha Khandelwal, CFA
  • uploads///epd has risen
    Earnings Report

    Capital Projects Should Fuel Enterprise Products’ Earnings Growth

    Enterprise Products Partners (EPD) spent $1.2 billion on capital projects in the first quarter.

    By Rekha Khandelwal, CFA
  • uploads///cushing
    Macroeconomic Analysis

    April Cushing Inventories Move in on Capacity

    If inventories at Cushing reach capacity, oil prices could tumble further. That would hurt oil producing companies such as Hess (HES), ExxonMobil (XOM), Chevron (CVX), and Apache (APA).

    By Keisha Bandz
  • uploads///MMPs Presence in the Permian Basin
    Energy & Utilities

    Why the Permian Basin is a key focus for Magellan Midstream Partners

    Magellan Midstream Partners (MMP) has made significant investments in pipelines in the Permian region to deliver crude oil from the Permian Basin in west Texas to markets along the U.S. Gulf Coast.

    By Keisha Bandz
  • uploads///cushing stock
    Energy & Utilities

    Why the long-term declining trend at Cushing may not continue

    Crude stocks at Cushing, Oklahoma increased by 716,000 barrels to 19.6 million barrels (or MMbbls) in the week ending October 10.

    By Keisha Bandz
  • uploads///PAA and WTI
    Company & Industry Overviews

    Crude Oil Prices Should Drive Plains All American’s Stock Price in 2016

    The correlation between WTI prices and Plains All American’s shares has been even higher at 0.8 since the start of 2014.

    By Rekha Khandelwal, CFA
  • uploads///weekly us crude oil supply and demand
    Macroeconomic Analysis

    Crude Oil Inventories Up in Week Ended August 28: Effect on MLPs

    According to data released on September 2, US crude oil inventories rose 1.0% in the week ended August 28 compared to the previous week.

    By Rekha Khandelwal, CFA
  • uploads///price to dcf
    Energy & Utilities

    What Buckeye Partners’ Current Valuation Indicates

    On October 31, 2017, Buckeye Partners (BPL) was trading at a price-to-distributable-cash-flow multiple of 10.4x, which is significantly below the historical ten-quarter average of 13.8x.

    By Kurt Gallon
  • uploads///ebitda vs estimates
    Earnings Report

    Magellan Midstream Reported 15% Growth in 2Q17 Earnings

    Magellan Midstream Partners (MMP) reported its 2Q17 earnings on August 2, 2017.

    By Rekha Khandelwal, CFA
  • uploads///historical cushing
    Macroeconomic Analysis

    Inventory Gains at Cushing Slowed the Week Ending April 17

    Unlike 2015, inventories in 2014 consistently fell before turning upward toward the latter part of the year.

    By Keisha Bandz
  • uploads///featured image
    Energy & Utilities

    Why Is ONEOK Outperforming Its Peers in 2018?

    ONEOK (OKE) stock is up nearly 4% so far in 2018.

    By Rekha Khandelwal, CFA
  • uploads///Total Returns MLPS vs AMZI
    Macroeconomic Analysis

    Introducing the UBS ETRACS Alerian MLP Infrastructure ETN AMZIX

    The UBS ETRACS 1x Monthly Short Alerian MLP Infrastructure Total Return Index ETN (MLPS) tracks the Alerian MLP Infrastructure Total Return Index (AMZIX).

    By Keisha Bandz
  • uploads///PAA STOCK
    Earnings Report

    A closeup of Plains All American Pipeline’s stock performance

    After its 4Q14 earnings announcement, Plains All American Pipeline’s (PAA) stock performance improved, jumping slightly by 1.6%.

    By Keisha Bandz
  • uploads///featured image
    Company & Industry Overviews

    MMP, KMI, OKE, and ET: How Top Midstream Stocks Fared Last Week

    The top midstream sector stocks ended mixed last week. Magellan Midstream Partners (MMP) and Kinder Morgan (KMI) rose 4.6% and 2.2%.

    By Rekha Khandelwal, CFA
  • uploads///featured image
    Energy & Utilities

    KMI, OKE, WMB: Midstream Stocks Tumbled Last Week

    Top midstream stocks including Kinder Morgan (KMI), Williams Companies (WMB), and ONEOK (OKE) fell last week.

    By Rekha Khandelwal, CFA
  • uploads///oil _
    Energy & Utilities

    These Midstream Players Have Created Maximum Wealth for Investors

    In this series, we’ll look at the historical outliers in midstream energy, which have generated massive wealth amid turbulent times.

    By Kurt Gallon
  • uploads///oxy midstream business
    Energy & Utilities

    Must-know: Occidental’s midstream and marketing segment

    The Dolphin Pipeline contributes significantly to Occidental’s pipeline transportation results through Occidental’s 24.5% interest in Dolphin Energy.

    By Keisha Bandz
  • uploads///Energy Transfer stock
    Energy & Utilities

    AMLP: What’s Next for Midstream MLPs after a Rebound?

    Midstream MLPs have recovered after hitting multiyear lows early this month. The ALPS Alerian MLP ETF (AMLP) is up more than 10% in the last two weeks.

    By Vineet Kulkarni
  • uploads///Williams companies earnings
    Energy & Utilities

    AMLP: What’s Next for Midstream MLPs after a Big Fall?

    The ALPS Alerian MLP ETF (AMLP), the representative of the top MLPs in the US, plunged to record lows last week. It’s trading near its all-time low of $7.7.

    By Vineet Kulkarni
  • uploads///Oil Production In Permian
    Energy & Utilities

    Why oil and natural gas production in the Permian should increase

    According to the Energy Information Administration’s short-term energy outlook published in June 2014, crude oil production will average 8.4 million barrels per day in 2014.

    By Alex Chamberlin
  • uploads///Magellan Midstreams Asset Map
    Energy & Utilities

    Overview: Magellan Midstream Partners L.P.

    Magellan Midstream Partners L.P. (MMP), is a master limited partnership (or MLP) that owns and operates a diversified portfolio of energy infrastructure assets.

    By Keisha Bandz
  • uploads///
    Energy & Utilities

    Must know: Why is the West Texas crude trading at a discount?

    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.

    By Alex Chamberlin
  • uploads///
    Energy & Utilities

    The WTI-Midland spread: The short-term and long-term viewpoints

    Permian crude is an attractive enough resource for many companies to have long-term plans to continue to grow in the region.

    By Alex Chamberlin
  • uploads///
    Energy & Utilities

    Why a spike in Treasury yields could affect your master limited partnership portfolio

    The yield on Treasury rates spiked last week on hawkish Fed comments.

    By Ingrid Pan
  • uploads///
    Energy & Utilities

    10-year Treasury yields continue to back out, MLP names could be hurt if trend continues

    Yields on Treasurys have continued to creep up, however, from a long-term perspective rates still remain near historical lows which has been a positive for MLPs.

    By Ingrid Pan
  • uploads///mlp funds
    Energy & Utilities

    Top MLP Funds Recorded Net Inflows in October

    The top MLP funds saw net inflows in October. The Alerian MLP ETF (AMLP) had net inflows of $105.7 million for the month.

    By Rekha Khandelwal, CFA
  • uploads///TE of select MLPs
    Energy & Utilities

    An investor’s must-know guide to tracking error for MLP ETFs

    Tracking error measures how closely a portfolio follows the index it’s benchmarked to—that is, how well a fund manager replicates the performance of a specific index.

    By Alex Chamberlin
  • uploads///
    Energy & Utilities

    Treasury rates increased by 16 bps last week, could hurt MLP names

    Treasury yields increased last week, and a continued movement upward could hurt the valuation of rate-sensitive instruments such as MLPs. However, from a long-term context rates remain very low.

    By Ingrid Pan
  • uploads///analysts are bullish on top mlps
    Energy & Utilities

    EPD, ETE, PAA, and MMP: What Do Analysts Recommend?

    All of the analysts surveyed by Reuters covering Enterprise Products Partners (EPD) and MPLX (MPLX) rated the stocks as “buy.”

    By Rekha Khandelwal, CFA
  • uploads///capital exp
    Company & Industry Overviews

    EPD Expects to Complete $4.5 Billion of New Projects in 2019

    Enterprise Products Partners (EPD) spent ~$4.2 billion on growth projects in 2018.

    By Rekha Khandelwal, CFA
  • uploads///featured image
    Company & Industry Overviews

    Does Magellan Midstream Partners’ 6.5% Yield Look Attractive?

    Magellan Midstream Partners (MMP) is currently trading at a yield of ~6.5%.

    By Rekha Khandelwal, CFA
  • uploads///featured image
    Earnings Report

    Enterprise Products’ Q1 Earnings Beat Estimates

    Enterprise Products Partners (EPD) reported 18% growth in its first-quarter earnings today.

    By Rekha Khandelwal, CFA
  • uploads///short interest
    Earnings Report

    Recent Changes in Enterprise Products Partners’ Short Interest

    The short interest in Enterprise Products Partners (EPD) stock rose from 24.9 million shares on March 15 to 25.7 million shares on March 29.

    By Rekha Khandelwal, CFA
  • uploads///price range forecast
    Earnings Report

    How EPD Is Expected to Perform ahead of Its Earnings

    In this article, we’ll take a look at how Enterprise Products Partners (EPD) stock may perform leading up to its earnings release on May 1.

    By Rekha Khandelwal, CFA
  • uploads///EPDs forward dist yield
    Company & Industry Overviews

    Enterprise Products’ Attractive Spread over Treasury Yield

    Enterprise Products Partners (EPD) is trading at a yield of ~6.2%, which is ~380 basis points higher than the US ten-year Treasury yield.

    By Rekha Khandelwal, CFA
  • uploads///featured image
    Energy & Utilities

    Enterprise Products Partners Stock Is Trading Range-Bound

    Enterprise Products Partners has risen ~15% in 2019.

    By Rekha Khandelwal, CFA
  • uploads///featured image
    Company & Industry Overviews

    Midstream Stocks Outperformed Broader Markets Last Week

    Midstream stocks and MLPs broadly outperformed the broader markets last week. The Alerian MLP Index was flat while the S&P 500 Index fell 2.2% for the week.

    By Rekha Khandelwal, CFA
  • uploads///attractive yields
    Company & Industry Overviews

    Why Are EPD, MMP, and MPLX’s Yields Attractive?

    Enterprise Products Partners, Magellan Midstream Partners, and MPLX are trading at attractive yields of 6.4%, 6.5%, and 7.6%.

    By Rekha Khandelwal, CFA
  • uploads///featured image
    Energy & Utilities

    PAA, ET, and KMI: Which Top Midstream Stocks Fell Last Week?

    MLPs fell marginally in the week ending January 25. The Alerian MLP Index fell 0.6% last week.

    By Rekha Khandelwal, CFA
  • uploads///featured image
    Earnings Report

    Enterprise Products’ Earnings Are Expected to Rise 20% in Q4

    Enterprise Products Partners (EPD) is scheduled to report its fourth-quarter results on January 31.

    By Rekha Khandelwal, CFA
  • uploads///analysts ratings
    Energy & Utilities

    Key MLP and Midstream Rating Updates Last Week

    On January 16, Barclays raised its rating for Williams Companies (WMB) from “equal weight” to “overweight.”

    By Rekha Khandelwal, CFA
  • uploads///analyst recom
    Earnings Report

    MPLX Stock: Analysts Expect 22% Upside

    MPLX’s mean target price is $42. The target price implies an upside potential of ~22% from MPLX’s current price of $34.5.

    By Rekha Khandelwal, CFA
  • uploads///top losers
    Energy & Utilities

    MMP, NS, VNOM, and CQP: Which MLPs Fell the Most?

    NuStar Energy (NS), Viper Energy Partners (VNOM), and CVR Refining (CVRR) fell 8.9%, 8.6%, and 7.7%, respectively, last week.

    By Rekha Khandelwal, CFA
  • uploads///featured image
    Company & Industry Overviews

    MLPs Ended Positive for the Second Straight Quarter

    MLPs outperformed the broader energy sector in the third quarter of 2018.

    By Rekha Khandelwal, CFA
  • uploads///winter _
    Energy & Utilities

    Fund Flows into Top MLP ETFs Fell in the Third Quarter

    Fund flows into top MLP ETFs fell significantly in the third quarter.

    By Rekha Khandelwal, CFA
  • uploads///featured image
    Company & Industry Overviews

    Weekly Wrap-Up: Last Week’s Key Midstream Sector Updates

    Crude oil prices rose ~4.3% last week, and the Energy Select Sector SPDR ETF (XLE) rose 2.7%. How did top midstream stocks fare?

    By Rekha Khandelwal, CFA
  • uploads///nspc
    Earnings Report

    Buckeye Partners Stock Could React to a Distribution Cut

    Buckeye Partners’ 30-day implied volatility was 28.9% as of July 30—slightly below the 15-day average of 29.3%.

    By Kurt Gallon
  • uploads///yield
    Energy & Utilities

    Should Investors Chase Buckeye Partners’ Monstrous Yield?

    Buckeye Partners (BPL) was trading at a very high distribution yield of 14.6% on July 5.

    By Kurt Gallon
  • uploads///featured image
    Company & Industry Overviews

    ONEOK: A Top S&P 500 Dividend Stock

    With a dividend yield of ~4.6%, ONEOK (OKE) is one of the 39 companies in the S&P 500 Index with a yield greater than 4%.

    By Rekha Khandelwal, CFA
  • uploads///image
    Company & Industry Overviews

    Richard Kinder: From Enron to Kinder Morgan

    Currently, Richard Kinder owns nearly 11% of Kinder Morgan’s outstanding shares. The stock has underperformed the midstream sector.

    By Rekha Khandelwal, CFA
  • uploads///featured image
    Company & Industry Overviews

    How Midstream Stocks Fared over the Last Three Years

    With strengthening oil prices, investor interest in the energy sector is on the rise. Many wonder if now is the right time to invest.

    By Rekha Khandelwal, CFA
  • uploads///midstream
    Energy & Utilities

    New Permian Pipeline Projects: Corpus Christi Key Destination

    As production in the Permian increases, pipeline capacity should become more crucial for Permian producers.

    By Keisha Bandz
  • uploads///fund flows into top mlp etfs
    Energy & Utilities

    How Flows into Top MLP ETFs Are Trending

    The total net fund flow into the top five MLP ETFs by asset under management in February 2018 was -$466 million.

    By Rekha Khandelwal, CFA
  • uploads///val
    Energy & Utilities

    The MLP-Treasury Yield Spread Widens

    The yield spread between the Alerian MLP Index (^AMZ) and the ten-year Treasury has widened due to the recent correction.

    By Kurt Gallon
  • uploads///magellan midstream history
    Company & Industry Overviews

    Magellan Midstream Partners: A Brief History

    Magellan’s history Magellan Midstream Partners (MMP), which began trading in 2001, has grown through various asset acquisitions and expansion projects over the years. Magellan was formerly a part of Williams Companies (WMB). The company started trading as Williams Energy Partners in 2001, and changed its name to Magellan Midstream Partners in 2003. In 2004, the […]

    By Rekha Khandelwal, CFA
  • uploads///fund flows
    Energy & Utilities

    AMLP, MLPA, AMZA: Fund Flows in Top MLP ETFs Surged in 2017

    The Alerian MLP ETF, the First Trust North American Energy Infrastructure Fund, the Global X MLP ETF, the Infracap MLP ETF, and the Global X MLP & Energy Infrastructure ETF are the top five MLP ETFs by assets under management.

    By Rekha Khandelwal, CFA
  • uploads///midstream
    Energy & Utilities

    Permian Basin and the Need for Increasing Takeaway Capacity

    Several pipelines have come online to accommodate rising Permian production in recent years, including the BridgeTex pipeline.

    By Keisha Bandz
  • uploads///nspc
    Energy & Utilities

    What’s Been Impacting MLP Performances as of December 8?

    Most MLPs (master limited partnerships) closed the week ended December 1 in the red, after seeing some gains earlier in the week.

    By Kurt Gallon
  • uploads///distributable cash flow
    Company & Industry Overviews

    What’s behind ETP’s Strong Distributable Cash Flow Growth?

    Energy Transfer Partners’ DCF rose 27.5% YoY to $1,049 million in 3Q17 compared to $823 million in 3Q16.

    By Rekha Khandelwal, CFA
  • uploads///analyst recom
    Energy & Utilities

    Raymond James Cut Enterprise Products Partners’ Price Target

    Of the analysts surveyed by Reuters, 92% rated Enterprise Products Partners as a “buy,” and 8% rated it as a “hold.”

    By Rekha Khandelwal, CFA
  • uploads///mmps leverage
    Company & Industry Overviews

    Analyzing Magellan Midstream Partners’ Leverage

    Magellan Midstream Partners’ (MMP) DE (debt-to-equity) ratio is ~2x. Its DE ratio rose in 2016 and has been stable for two quarters.

    By Rekha Khandelwal, CFA
  • uploads///Gains
    Energy & Utilities

    Top MLP Gainers in Week Ended September 8

    EV Energy Partners (EVEP) was the top MLP gainer last week, which ended on September 8, 2017. It rose 13.9%.

    By Kurt Gallon
  • uploads///short interest
    Company & Industry Overviews

    Short Interest in Enterprise Products and Magellan Rose Recently

    The short interest as a percentage of float in Enterprise Products Partners’ (EPD) stock is 1.8%—higher than the 1.7% in mid-August.

    By Rekha Khandelwal, CFA
  • uploads///ebitda and dist per unit
    Earnings Report

    Enterprise Products Partners’ Revenue Rose 1.7% in 2Q17

    Enterprise Products Partners (EPD) reported its 2Q17 results on August 3, 2017. The company’s adjusted EBITDA rose 1.7% to $1.34 billion in 2Q17.

    By Rekha Khandelwal, CFA
  • uploads///whats ahead for epd stock
    Company & Industry Overviews

    What’s ahead for Enterprise Products Partners Stock?

    Currently, Enterprise Products Partners (EPD) is trading 0.1% below its 200-day moving average and 1.3% below its 50-day moving average.

    By Rekha Khandelwal, CFA
  • uploads///whats ahead for epd stock
    Company & Industry Overviews

    Will Enterprise Products Partners Stock Gain Strength?

    Currently, Enterprise Products Partners (EPD) is trading 2% above its 200-day moving average and 0.5% below its 50-day moving average.

    By Rekha Khandelwal, CFA
  • uploads///recent institutional activity
    Fund Managers

    Which Master Limited Partnerships Are Institutional Investors Buying?

    The top ten institutional investors in Enterprise Products Partners (EPD) stock own nearly 45% of the company’s outstanding shares.

    By Rekha Khandelwal, CFA
  • uploads///paa and wpz concerning leverage
    Company & Industry Overviews

    Which MLP Giant Has the Highest Leverage?

    PAA had a net debt-to-EBITDA ratio of 6.8x at the end of 3Q16. This is much higher than the 4x–4.5x that MLPs (master limited partnerships) usually target.

    By Rekha Khandelwal, CFA
  • uploads///Tax
    Company & Industry Overviews

    Tax Considerations: How Are MLP Investors Taxed?

    Now that we’ve learned about MLPs’ distributions, let’s see how distributions, or MLP investors, are taxed. MLPs are pass-through entities that pay no taxes.

    By Kurt Gallon
  • uploads///mmps forward distribution yield
    Company & Industry Overviews

    Where Magellan Is Trading Compared to Its Historical Average

    Magellan Midstream Partners (MMP) currently trades at a forward distribution yield of 4.9%, lower than its five-year average yield of 5.5%.

    By Rekha Khandelwal, CFA
  • uploads///mmps leverage
    Company & Industry Overviews

    A Look at Magellan’s Debt Position

    MMP’s net debt-to-EBITDA has been below 3.5x for the last five years. MMP has borrowed additional funds for capital expansion in 2016, so its debt liability has risen in 2016.

    By Rekha Khandelwal, CFA
  • uploads///broker recommendations
    Earnings Report

    Why Over Half of Analysts Rate Magellan as a ‘Buy’

    Of the analysts surveyed by Bloomberg, 55.5% rated Magellan Midstream Partners (MMP) as a “buy,” 39% rated MMP as a “hold,” and 5.5% rated it as a “sell.”

    By Rekha Khandelwal, CFA
  • uploads///growth in expansion capital spending
    Company & Industry Overviews

    Why Magellan Midstream Partners Focuses on Organic Growth

    A major chunk of Magellan Midstream Partners’ (MMP) expansion capital spending since 2006 has been on organic projects.

    By Rekha Khandelwal, CFA
  • uploads///epds ebitda by segment
    Earnings Report

    How Are EPD’s Segments Expected to Perform in 2Q16?

    EPD carries out its operations through five reportable segments. NGL Pipelines & Services is its biggest segment and contributed 59% of EPD’s EBITDA.

    By Rekha Khandelwal, CFA
  • uploads///paas forward distribution yield
    Company & Industry Overviews

    Plains All American Trades at a Much Higher Forward Yield than Its Historical Average

    Plains All American Pipeline currently trades at a forward distribution yield of about 14%—more than double of its five-year average of 6.6%.

    By Rekha Khandelwal, CFA
  • uploads///PAAs EBITDA by segment
    Company & Industry Overviews

    Market Dynamics Impact Plains All American’s Supply and Logistics Segment

    The contribution of its Supply and Logistics segment to Plains All American Pipeline’s EBITDA fell from 27% in 3Q14 to 19% in 3Q15.

    By Rekha Khandelwal, CFA
  • uploads///Sales and Gross Profit of Midstream Companies
    Macroeconomic Analysis

    Analyzing the Sales and Gross Profit of Midstream Companies

    In fiscal 3Q15, the gross profit of frontline midstream operator Williams Companies (WMB) fell 28.6% on a YoY (year-over-year) basis.

    By Rabindra Samanta
  • uploads///mmp natural gas and wti
    Company & Industry Overviews

    Magellan Midstream Generally Resilient to Commodity Prices in 3Q15

    Magellan Midstream’s stock price is currently driven by crude oil prices. A recovery in oil prices could mean a higher MMP stock price.

    By Rekha Khandelwal, CFA
  • uploads///OKE natural gas wti
    Macroeconomic Analysis

    Why Continued Low Commodity Prices May Prevent an ONEOK Revival

    ONEOK’s (OKE) stock price and the near-month WTI crude oil futures price have had a correlation coefficient of 0.64 over the last 15 years. This indicates a positive correlation between the two.

    By Rekha Khandelwal, CFA
  • uploads///se natural gas wti cad
    Company & Industry Overviews

    Key Drivers of Spectra Energy’s Stock Price

    One factor impacting Spectra Energy’s stock price is the value of the Canadian dollar. Nearly 60% of SE’s 2014 revenues came from its Canadian operations.

    By Rekha Khandelwal, CFA
  • uploads///weekly amlp  year tresaury yield spread
    Macroeconomic Analysis

    10-Year Treasury and MLP Yields Diverged

    In the long term, if Treasury yields fall and the spread doesn’t change, energy MLP yields should also fall. This could mean a rise in MLP unit prices.

    By Rekha Khandelwal, CFA
  • uploads///cushing
    Macroeconomic Analysis

    Week Ended October 30: Cushing Inventories Fell 3 Weeks in a Row

    The EIA reported that Cushing crude oil inventories fell by 212,000 barrels to 53.1 MMbbls in the week ended October 30, 2015. That was the third weekly fall in Cushing inventories.

    By Keisha Bandz
  • uploads///broker recommendations
    Earnings Report

    Half of Analysts Rate Enbridge Energy Partners a ‘Hold’

    Of the analysts surveyed by Bloomberg, 43% rated Enbridge Energy Partners (EEP) a “buy,” 50% rated it a “hold,” and 7% of analysts rated it a “sell.”

    By Rekha Khandelwal, CFA
  • uploads///cushing
    Macroeconomic Analysis

    Cushing Inventories Up on June 26: More Bad News for WTI

    Cushing crude oil inventories increased by 123,000 barrels to 56.37 MMbbls (million barrels) in the week ended June 26.

    By Keisha Bandz
  • uploads///WTI and Brent crude oil prices
    Macroeconomic Analysis

    How Crude Oil Prices Impact Energy MLPs

    While upstream energy MLPs are directly impacted by the fluctuations in crude oil prices, the impact on midstream companies is more indirect.

    By Rekha Khandelwal, CFA
  • uploads///oil production
    Macroeconomic Analysis

    Must-Know: The 7 Regions for Oil and Gas Production in the US

    The EIA (Energy Information Administration) monitors seven key tight oil and gas regions in the US.

    By Rekha Khandelwal, CFA
  • uploads///OIH
    Macroeconomic Analysis

    Oil Services ETF OIH Overperformed XOP in the Week of July 2

    The VanEck Vectors Oil Services ETF (OIH) lost 3.86% in the week ended July 2.

    By Keisha Bandz
  • uploads///ng prices
    Macroeconomic Analysis

    Natural Gas Prices Rose Last Week on Warm Weather Forecasts

    Natural gas prices mostly rose in the week ended July 3. They increased 1.76% on a weekly basis. Prices closed at $2.822 per MMBtu…

    By Keisha Bandz
  • uploads///USO
    Macroeconomic Analysis

    XOP Is a Better Trade than USO in June 26 Week

    XOP holds many US energy companies that have exposure to oil prices due to their upstream operations. ETFs like XOP are usually a safer option for investors.

    By Keisha Bandz
  • uploads///Alerian Performance Compared to other Asset Classes
    Company & Industry Overviews

    The Advantages and Disadvantages of Investing in MLPs

    MLPs clearly stand out when compared to other asset classes because of their structure, yields as compared to other asset classes, and stability of cash distribution.

    By Victor Cheng
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