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NuStar Energy: High-Conviction MLP Opportunity With 50% Upside

2018-03-21 seekingalpha
NuStar Energy is, in my opinion, the best opportunity in the beaten-down MLP sector. At current levels, it is a deep value lover's dream. (62-0)

Analyzing the Top Energy Gainers Last Week

On March 9–16, 2018, midstream stock NuStar Energy (NS) was the highest gainer on our list of energy stocks. During this period, the Alerian MLP ETF (AMLP) fell 3.1%—the highest loser among the energy subsector ETFs discussed in Part 2. (35-0)

FERC Upsets MLPs, March Sadness Continues

2018-03-18 seekingalpha
Midstream had another rough week. The MLP Index has declined 5 out of the last 7 weeks and is off 15.2% from its peak in January. Just when it seemed sentiment around MLPs couldn't get worse with uncertain pending structural resolutions, poor fund flows and distribution cuts, FERC piled on with a ruling specifically targeting an MLP tax loophole. (9-0)

RPM International price target cut to $47 from $52 at J.P. Morgan

2018-03-16 marketwatch
On March 5, 2018, Axalta (AXTA) announced that it acquired a manufacturing and distribution facility in Sacramento, California. (52-0)

NS / NuStar Energy L.P. S-4

S-4 Table of Contents As filed with the Securities and Exchange Commission on March 14, 2018 Registration No. 333- < (2-0)

Zacks Industry Outlook Highlights: NuStar Energy, Plains All American Pipeline, NGL Energy Partners, Archrock Partners and Boardwalk Pipeline Partners

2018-03-13 zacks
Chicago, IL – March 13, 2018 – Today, Zacks Equity Research discusses the Industry: Oil & Gas, Part 3, including NuStar Energy L.P. (NS - Free Report) , Plains All American Pipeline, L.P. (PAA - Free Report) , NGL Energy Partners L.P. (NGL - Free Report) , Archrock Partners L.P. (APLP - Free Report) and Boardwalk Pipeline Partners L.P. (BWP - Free Report) . (84-0)

Expect a Bumpy Ride in These Energy Stocks

2018-03-12 zacks
The oil market, notwithstanding its recent rise, could be undermined by soaring U.S. production. Volume from U.S. oil fields (inclusive of shale) has risen 22% since mid-2016 to 10.3 million barrels per day – the most since the EIA started maintaining weekly data in 1983. In early February, oil production broke through the 10 million barrels a day threshold for the first time in nearly 50 years and has maintained the record levels thereafter. (78-0)

Last Week’s Worst MLP Performers

Summit Midstream Partners (SMLP), a midstream MLP mainly involved in natural gas gathering, processing, and compression, was the worst MLP performer last week. It fell 4.5%. The partnership has lost 22.4% since the start of this year. SMLP’s recent weakness could be due to its weak 4Q17 earnings. The partnership posted flat adjusted EBITDA (earnings before interest, tax, depreciation, and amortization) of $72. (93-0)

MLPs Are Yielding More Than 11%: What That Means

In this part of the series, we’ll see which MLPs are currently offering the highest yields. We’ll be looking at oil and gas MLPs but not shipping and coal MLPs. The top MLPs trading at the highest yields are NuStar Energy (NS), its general partner NuStar GP Holdings (NSH), Sanchez Midstream Partners (SNMP), Martin Midstream Partners (MMLP), and CVR Refining (CVRR). (13-0)

NuStar Energy’s Yield and Distribution Cut

In February 2018, NuStar Energy (NS) announced a 45% distribution cut, effective in 1Q18. Considering the expected distribution of $0.60 per share, the company would yield ~11.7% at its current price. It also announced a merger with NuStar GP Holdings (NSH). The merger is expected to lower NuStar Energy’s cost of capital, attract a broader investor base, increase transparency through a simplified structure, and reduce administrative costs. (3-0)

Oil prices fall with Wall Street as US crude output, stockpile rise

2018-03-07 themalaymailonline
The expanded NuStar Energy crude dock at the Port of Corpus Christi, Texas April 10, 2014. — Reuters pic NEW YORK, March 8 — Oil prices tumbled yesterday as financial markets slid amid concerns that Washington's plans for import tariffs could spark a trade war, and after US government data showed an increase in crude inventories and output. (2-0)

Top MLP Losers in the Week Ending March 2

NuStar GP Holdings (NSH) and its limited partnership, NuStar Energy (NS), were the top two MLP losers in the week ending March 2, 2018. NuStar GP Holdings and NuStar Energy fell 12.4% and 11.9% last week, respectively. NuStar GP Holdings and NuStar Energy have lost 34.9% and 31.0% since the announcement of merger and simplification transactions. Overall, they have lost 29.9% and 30.5% since the beginning of this year. (98-0)

NuStar: Worst Among Equals

2018-03-06 seekingalpha
Every now and then a deal is announced that makes us question everything we thought we knew. NuStar Energy L.P.'s (NS) deal with its General Partner (GP) NuStar GP Holdings, LLC (NSH) was one such deal. (7-0)

Enable Midstream: Stuck In A Rut

2018-03-05 seekingalpha
Enable Midstream has a quality set of assets, but it has had a hard time creating growth recently. (45-0)

Why Are Institutional Investors Bearish on Buckeye Partners?

Top institutional holders unloaded 0.30 million positions in Buckeye Partners (BPL), the MLP mainly involved in crude oil, refined products, and NGLs transportation and terminalling, during the fourth quarter, which indicates bearish sentiment on the stock. (19-0)

CUSIP: 67058H102