Plains All American Pipeline LP

ETFs (exchange-traded funds) have stock-like characteristics, while ETNs (exchange-traded notes) possess bond-like traits.

MLPs’ sluggishness continued last week despite strong crude oil. The Alerian MLP Index (^AMZ), which tracks the performance of 50 energy MLPs, fell 1.2% last week.

MLPs recovered slightly in the week ending August 25—possibly due to an overcorrection in the first three weeks of the month.

Plains All American Pipeline (PAA) was the biggest MLP loser last week, which ended on January 19, 2018. The partnership ended the week 6.1% lower.

MLPs went through some carnage last week. The Alerian MLP Index (^AMZ), which tracks the performance of 50 energy MLPs, saw a new 52-week low of 258.45.

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

Of the total 95 MLPs, 62 ended last week in the red, 30 ended in the green, and the remaining three ended flat. Energy Transfer Partners (ETP) fell 5.5%.

EPD is a leading midstream service provider in the natural gas, natural gas liquids (or NGLs), crude oil, petrochemicals, and refined products sectors.

High volatilities in prices increase the extrinsic value of storage assets because it creates more opportunities for profitable storage optimization.

PAA’s storage facility falls under its supply and logistics segment, which is primarily a margin based segment, which makes it more volatile.

Enterprise Products Partners (EPD) is one of the largest master limited partnerships operating in the midstream energy space.

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

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.

High leverage and a complex capital structure have been a drag on Energy Transfer Partners’ market performance.

MLPs underperformed the energy sector and the broader US markets last week. Let’s take a look.

MLPs (master limited partnerships) cooled off last week, which ended on January 19, after two weeks of a strong rally.

MLPs maintained their winning streak in the second week of 2018. The Alerian MLP Index (^AMZ) rose 4.6% last week and ended at 300.5.

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 […]

MLPs were strong in the week ending December 15, 2017. The Alerian MLP Index (^AMZ) had a strong start last week although it fell slightly on Friday.

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

In this series, we’ll assess the performances of the MLPs with the highest EBITDA (earnings before interest, tax, depreciation, and amortization) margins.

MLPs (master limited partnerships) recovered slightly last week (ended December 1, 2017), after three weeks of sluggishness.

In February 2017, Plains All American Pipeline (PAA) closed the acquisition of a Permian Basin crude oil gathering system for $1.2 billion.

Liquids pipelines and terminaling MLPs, as the name suggests, are involved in crude oil, refined product, and NGLs (natural gas liquids) transportation and storage.

Enbridge Energy Partners’ (EEP) debt-to-equity ratio is 1.1x. How do other midstream companies compare?

WTI crude oil prices closed 1.83% higher on a weekly basis at $46.05 per barrel in the week ended September 4. Brent crude fell by 0.87% on a weekly basis, closing at $49.61 on September 4.

The U.S. Energy Information Administration reported a decrease of 4.4 million barrels in crude oil inventories for the week ended July 31.

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

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.

MLPs’ valuations are different from other stocks. To value MLPs, the widely used PE ratio isn’t as useful as the PDCF ratio.

Sunoco’s terminals facilities business operates crude oil, refined products, and natural gas liquids (or NGL) terminals.

Plains All American Pipeline expects to spend $1.85 in capex in 2015, highlighted by several projects in multiple geographic regions or resource plays.

Currently, there are three major publicly traded independent storage firms, Plains All American Pipeline’s (PAA) natural gas storage subsidiary (PAA Natural Gas Storage), Niska Gas Storage Partners (NKA), and Crestwood Equity Partners (CEQP). PAA is part of the Alerian MLP (or master limited partnership) ETF (AMLP), while CEQP is part of the Global X MLP ETF (MLPA).

Plains All American Pipeline L.P. (PAA) is a master limited partnership that operates in the midstream energy business.