Enterprise Products Partners was founded in 1968. It is structured as a Master Limited Partnership, or MLP, and operates as an oil and gas storage and transportation company. Enterprise Products has a large asset base which consists of nearly 50,000 miles of natural gas, natural gas liquids, ...
In general, master limited partnerships are companies that engage in the exploration, development, processing, or transportation of natural resources. An MLP could own and operate oil and gas pipelines. Or, it might focus on exploring for and producing crude oil. You could also find MLPs that g...
Diamondback Energy’s Rattler Midstream LLC subsidiary is among the recent MLP IPO announcements. Rattler operates oil, gas, and water gathering pipelines in the Permian Basin and is seeking to raise $100 million when it goes public. This IPO could help to serve as a weather vane for future ...
Sector:Energy – Oil and Gas Pipelines Dividend Yield: 7.2% Dividend Safety Score: Borderline Safe Uninterrupted Dividend Streak: 1 year Plains All American Pipeline (PAA)owns pipelines, terminals, storage facilities, and gathering assets across all major U.S. oil basins. But the Permian, America...
since MLPs profit off the quantity of oil and natural gas they are able to move around. Consequently, MLPs have historically shown a weaker correlation to energy prices over longer periods as MLPs act more like energy toll roads, profiting on the volume of oil moving through their pipelines ...
instead making money based on the quantity of material that travels through their pipelines, regardless of the actual price of that fuel. Some MLPs even earn revenues simply from keeping their transportation systems running, regardless of the amount of oil, natural gas or coal transported, further...
Additionally, there are few substitutes for pipelines thanks to their cost-efficiency and safety, as well as geographical constraints (oil and gas formations tend to be in hard-to-access areas). Most of the products moved by Magellan’s pipelines are also non-discretionary in nature, resulting ...
When asked on his group's investment coverage, he replies that the main coverage is energy master limited partnerships, mostly with focus on the midstream area, and major oil pipelines and gathering systems. Edwards notes that prices on natural gas liquids have been fairly strong in spite of ...
since MLPs profit off the quantity of oil and natural gas they are able to move around. Consequently, MLPs have historically shown a weaker correlation to energy prices over longer periods as MLPs act more like energy toll roads, profiting on the volume of oil moving through their pipelines. ...
28、entures; as well as dispositions of interest-bearing in the oil and gas mineral transactions; M&A spin-offs; and so forth. Obviously, Tommy is well-versed in this topic.With him, we also have Michael OLeary, who also has an extensive corporate securities and M&A practice that is focu...