Company Overview and News

to your dashboard

Headline News

Oil & Gas Stock Roundup: Keystone XL's Approval, BP's Buyback & More

16h zacks
On the news front, sponsor TransCanada (TRP - Free Report) won approval to build its controversial Keystone XL Pipeline through the state of Nebraska, while BP Plc (BP - Free Report) became the first European oil major to resume share repurchase since the 2014 oil slump. (86-0)

Lessons To Learn From MLP Underperformance In 2017

17h seekingalpha
MLPs, as measured by the Alerian MLP ETF, have had a rough year, losing about one fifth of their value. (80-0)

MPLX: Value Proposition Stronger Than Ever

2017-11-20 seekingalpha
This clears the path for the IDR elimination plan, which will buy-out the parent's stake and give limited partners more exposure to future growth. (32-0)

Dividend Sensei's Portfolio Update 10: Stocks Take Escalator Up, And Plummeting Elevator Down

2017-11-20 seekingalpha
I came to learn that I'm a left brain thinker, which means that I need to be careful to not fall into classic investing mistakes. (5-0)

Pipeline Partnerships Face Identity Crisis That's Killing Shares

2017-11-15 rigzone
Even as U.S. drillers produce at near record levels, a key part of the shale boom’s support system is undergoing an identity crisis that’s leaving investors nonplussed. (8-0)

Marathon Petroleum Opts for Strategic Dropdown, Gets $8.1B

2017-11-15 zacks
Oil refining and marketing giant Marathon Petroleum Corporation (MPC - Free Report) recently announced that it will sell its fuel distribution services and refining and logistics assets to its midstream subsidiary MPLX LP (MPLX - Free Report) for $8.1 billion. The deal is expected to be over by Feb 1, 2018. (36-0)

Pipeline Partnerships Face Identity Crisis That's Killing Shares - Bloomberg

2017-11-15 bloomberg
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. (8-0)

52 Straight Distribution Hikes, An 8% Yield, Big IDR Deal Will Aid Future Growth For LP

2017-11-12 seekingalpha
It just eliminated the GP incentive distribution rights and interests to simplify the corporate structure and lower cost of equity. (34-0)

A 12% Yield With Rising Coverage And Record Income For This Midstream LP

2017-11-11 seekingalpha
We circled back onto the midstream LP high-yield trail this week to cover Summit Midstream Partners LP (SMLP), one of many midstream companies we've written articles about. (14-0)

Are Buybacks Becoming Mainstream For Midstream?

2017-11-08 seekingalpha
When you hear MLPs and buybacks, chances are that you don't think of dynamic combinations like peanut butter and jelly or Hall and Oates. For some, the mere thought of MLPs may conjure up memories of repeated equity issuances - the exact opposite of buybacks. When I hear the word "buybacks" [1] in relation to MLPs, my first thought is of refiners dropping down assets to their MLPs and using cash proceeds from the drop downs to fund repurchases of the C-Corp stock, for example Marathon Petroleum Corporation (NYSE:MPC) and MPLX (NYSE:MPLX). (22-2)

12 Straight Distribution Hikes, 9% Yield, Record Earnings - Solid LP Goes Ex-Dividend This Week

2017-11-05 seekingalpha
Looking for a standout midstream pipeline company with an attractive yield? Maybe you should consider PBF Logistics (PBFX), an LP we've covered in some previous articles. PBFX and its parent company, PBF Energy (PBF), both just reported strong Q3 earnings this week. (14-0)

What Could Drive Energy Transfer Partners’ 3Q17 EBITDA Growth?

2017-11-02 marketrealist
Energy Transfer Equity (ETE) and its midstream MLP (master limited partnership) subsidiaries, Energy Transfer Partners (ETP) and Sunoco LP (SUN), are scheduled to release their 3Q17 earnings on November 7, 2017. (14-0)

36 Dividend Increases: October 23-27, 2017 (Part 2: Energy And REITs)

2017-10-31 seekingalpha
Monitoring dividend increases for stocks on my watch list helps me identify candidates for further analysis. (2-0)

Last Week’s Top MLP Gainers

2017-10-31 marketrealist
CVR Partners (UAN), the MLP mainly involved in the production of nitrogen fertilizers, was the top MLP gainer last week. CVR Partners rose 7.7%. Its recent gains could be due to the strengthening of ammonia prices. However, the partnership has lost 42.1% since the beginning of this year.  (101-0)

Lower Low, Higher Hope

2017-10-30 seekingalpha
After a brief bout of panic early in the week and a fresh 52-week low on Wednesday, MLPs bounced a combined 3.2% Thursday and Friday to finish the week down just 1.2%, a third straight weekly decline. Oil had a very strong week and is positive on the year for the first time in months. Propane had an even better week, finishing at $1.00 for the first time in years. Processing economics remain robust, another fundamental tailwind for MLPs. (2-0)

CUSIP: 55336V100