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AMU

ETRACS Alerian MLP Index ETN

Amu

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Summary

The investment seeks to replicate, net of expenses, the Alerian MLP Index. The index measures the performance of 50 prominent energy master limited partnerships. It constituents earn the majority of their cash flow from the transportation, storage, processing or production of energy commodities. The Alerian MLP Index is calculated, maintained and published by S&P in consultation with the index sponsor.

Market Cap: 402 Million

Primary Exchange: NYSE Arca

Website: http://www.ubs.com

Shares Outstanding: 21.5 Million

Float: 21.5 Million

Dividend: 1.2109 (6.49%)

Beta: 0.557827

Sector:

Industry:

Short Interest (Jan 15, 2013): 6.07 Thousand

Ethical Flags

Longest drawdown: 1087 trading days

From: 2014-08-29 To: 2018-12-14

Lowest Point:

Bye, Bye, Bye (MLPs) Revisited: MLP Consolidation Entering Late Innings

via: SeekingAlpha at 2018-12-12 08:00:20:000

By Stacey Morris Since we last discussed MLP consolidation in our three-part Bye, Bye, Bye series from this summer, significant headway has been made in terms of transaction announcements. This progress should be welcomed by investors because it helps alleviate uncertainty and removes th… read more...

Bye, Bye, Bye (MLPs) Revisited: MLP Consolidation Entering Late Innings

via: SeekingAlpha at 2018-12-12 08:00:20:000

By Stacey Morris Since we last discussed MLP consolidation in our three-part Bye, Bye, Bye series from this summer, significant headway has been made in terms of transaction announcements. This progress should be welcomed by investors because it helps alleviate uncertainty and removes th… read more...

Bye, Bye, Bye (MLPs) Revisited: MLP Consolidation Entering Late Innings

via: SeekingAlpha at 2018-12-12 08:00:20:000

By Stacey Morris Since we last discussed MLP consolidation in our three-part Bye, Bye, Bye series from this summer, significant headway has been made in terms of transaction announcements. This progress should be welcomed by investors because it helps alleviate uncertainty and removes th… read more...

MLPs And Midstream: Defense Wins In A Tough Oil Tape

via: SeekingAlpha at 2018-12-05 08:00:35:000

By Stacey Morris Before the recent pullback in oil prices, we were often asked this year why MLP and midstream performance had not been better given the recovery in oil prices. Even as oil prices have fallen significantly, we are still fielding questions on why MLP and midstream performanc… read more...

MLPs And Midstream: Defense Wins In A Tough Oil Tape

via: SeekingAlpha at 2018-12-05 08:00:35:000

By Stacey Morris Before the recent pullback in oil prices, we were often asked this year why MLP and midstream performance had not been better given the recovery in oil prices. Even as oil prices have fallen significantly, we are still fielding questions on why MLP and midstream performanc… read more...

MLPs And Midstream: Defense Wins In A Tough Oil Tape

via: SeekingAlpha at 2018-12-05 08:00:35:000

By Stacey Morris Before the recent pullback in oil prices, we were often asked this year why MLP and midstream performance had not been better given the recovery in oil prices. Even as oil prices have fallen significantly, we are still fielding questions on why MLP and midstream performanc… read more...

Q3 2018 MLP Distribution Recap: With Q3 Cuts Behind Us, How Will Current Trends Affect Future Distributions?

via: SeekingAlpha at 2018-11-28 08:00:09:000

By Michael Laitkep Mixed quarter of distribution growth For context, 3Q18 distributions refer to the distributions that will be paid in 4Q18 as a result of operational performance in 3Q18. The pie charts below reflect the quarter-over-quarter (Q/Q) changes to distributions, comparing 3… read more...

Q3 2018 MLP Distribution Recap: With Q3 Cuts Behind Us, How Will Current Trends Affect Future Distributions?

via: SeekingAlpha at 2018-11-28 08:00:09:000

By Michael Laitkep Mixed quarter of distribution growth For context, 3Q18 distributions refer to the distributions that will be paid in 4Q18 as a result of operational performance in 3Q18. The pie charts below reflect the quarter-over-quarter (Q/Q) changes to distributions, comparing 3… read more...

Q3 2018 MLP Distribution Recap: With Q3 Cuts Behind Us, How Will Current Trends Affect Future Distributions?

via: SeekingAlpha at 2018-11-28 08:00:09:000

By Michael Laitkep Mixed quarter of distribution growth For context, 3Q18 distributions refer to the distributions that will be paid in 4Q18 as a result of operational performance in 3Q18. The pie charts below reflect the quarter-over-quarter (Q/Q) changes to distributions, comparing 3… read more...

Dropdown MLPs: Time To Double (Drop)Down Or Fold (In)?

via: SeekingAlpha at 2018-11-21 08:00:26:000

By Stacey Morris It's no secret that MLP equity markets have been challenged since oil prices cratered in 2014, and the recent volatility in oil prices and the broader market haven't helped. The difficult market environment has raised questions around the viability of dropdown MLPs 1 , par… read more...

Dropdown MLPs: Time To Double (Drop)Down Or Fold (In)?

via: SeekingAlpha at 2018-11-21 08:00:26:000

By Stacey Morris It's no secret that MLP equity markets have been challenged since oil prices cratered in 2014, and the recent volatility in oil prices and the broader market haven't helped. The difficult market environment has raised questions around the viability of dropdown MLPs 1 , par… read more...

Dropdown MLPs: Time To Double (Drop)Down Or Fold (In)?

via: SeekingAlpha at 2018-11-21 08:00:26:000

By Stacey Morris It's no secret that MLP equity markets have been challenged since oil prices cratered in 2014, and the recent volatility in oil prices and the broader market haven't helped. The difficult market environment has raised questions around the viability of dropdown MLPs 1 , par… read more...

Dropdown MLPs: Time To Double (Drop)Down Or Fold (In)?

via: SeekingAlpha at 2018-11-21 08:00:26:000

By Stacey Morris It's no secret that MLP equity markets have been challenged since oil prices cratered in 2014, and the recent volatility in oil prices and the broader market haven't helped. The difficult market environment has raised questions around the viability of dropdown MLPs 1 , par… read more...

UBS Declares Quarterly Coupon Payments On Exchange Traded Notes: AMU and AMUB

via: Business Wire at 2018-11-20 10:00:00:000

UBS Investment Bank today announced coupon payments for the ETRACS Alerian MLP Index ETN (NYSE Arca: AMU) and ETRACS Alerian MLP Index ETN Series B (NYSE Arca: AMUB), both traded on the NYSE Arca. * The table above provides a hyperlink to the relevan… read more...

Revisiting MLP Performance As Interest Rates Rise

via: SeekingAlpha at 2018-10-24 08:00:59:000

By Stacey Morris With the 10-year Treasury yield recently touching highs not seen since 2011, it seems like an opportune time to revisit MLP performance in a rising interest rate environment. We discussed this topic in detail in a 2015 white paper , which provides historical context going… read more...

Revisiting MLP Performance As Interest Rates Rise

via: SeekingAlpha at 2018-10-24 08:00:59:000

By Stacey Morris With the 10-year Treasury yield recently touching highs not seen since 2011, it seems like an opportune time to revisit MLP performance in a rising interest rate environment. We discussed this topic in detail in a 2015 white paper , which provides historical context going… read more...

Revisiting MLP Performance As Interest Rates Rise

via: SeekingAlpha at 2018-10-24 08:00:59:000

By Stacey Morris With the 10-year Treasury yield recently touching highs not seen since 2011, it seems like an opportune time to revisit MLP performance in a rising interest rate environment. We discussed this topic in detail in a 2015 white paper , which provides historical context going… read more...

Midstream Vs. Upstream: A Tale Of Two Market Reactions To Rising Capex

via: SeekingAlpha at 2018-10-10 08:00:06:000

By Stacey Morris In the wake of the oil downturn, capital discipline has come into focus for many energy-related companies, including MLPs and exploration and production (E&P) companies. Despite this emphasis, several MLPs and E&Ps raised guidance for 2018 capital expenditures with… read more...

Midstream Vs. Upstream: A Tale Of Two Market Reactions To Rising Capex

via: SeekingAlpha at 2018-10-10 08:00:06:000

By Stacey Morris In the wake of the oil downturn, capital discipline has come into focus for many energy-related companies, including MLPs and exploration and production (E&P) companies. Despite this emphasis, several MLPs and E&Ps raised guidance for 2018 capital expenditures with… read more...

Midstream Vs. Upstream: A Tale Of Two Market Reactions To Rising Capex

via: SeekingAlpha at 2018-10-10 08:00:06:000

By Stacey Morris In the wake of the oil downturn, capital discipline has come into focus for many energy-related companies, including MLPs and exploration and production (E&P) companies. Despite this emphasis, several MLPs and E&Ps raised guidance for 2018 capital expenditures with… read more...

Escalating Ethane Prices And The Implications For MLPs And Midstream

via: SeekingAlpha at 2018-10-03 08:00:43:000

By Stacey Morris When you think of a commodity gaining over 60% in a matter of eight weeks, the story may read more like that of an agricultural product being plagued by some exotic beetle. In Texas, we were well aware of the price spike in limes in 2014 and the consequences for Texas st… read more...

Escalating Ethane Prices And The Implications For MLPs And Midstream

via: SeekingAlpha at 2018-10-03 08:00:43:000

By Stacey Morris When you think of a commodity gaining over 60% in a matter of eight weeks, the story may read more like that of an agricultural product being plagued by some exotic beetle. In Texas, we were well aware of the price spike in limes in 2014 and the consequences for Texas st… read more...

Escalating Ethane Prices And The Implications For MLPs And Midstream

via: SeekingAlpha at 2018-10-03 08:00:43:000

By Stacey Morris When you think of a commodity gaining over 60% in a matter of eight weeks, the story may read more like that of an agricultural product being plagued by some exotic beetle. In Texas, we were well aware of the price spike in limes in 2014 and the consequences for Texas st… read more...

Water In The (Mid)Stream: How Water Flows Generate Cash Flows

via: SeekingAlpha at 2018-09-19 08:52:33:000

By Stacey Morris Your elementary science teacher probably taught you that oil and water don't mix, but when it comes to oil production, water plays an important role. In fact, water is both a necessity and a potential headache for oil and natural gas producers. Water is needed for hydrauli… read more...

Water In The (Mid)Stream: How Water Flows Generate Cash Flows

via: SeekingAlpha at 2018-09-19 08:52:33:000

By Stacey Morris Your elementary science teacher probably taught you that oil and water don't mix, but when it comes to oil production, water plays an important role. In fact, water is both a necessity and a potential headache for oil and natural gas producers. Water is needed for hydrauli… read more...

Water In The (Mid)Stream: How Water Flows Generate Cash Flows

via: SeekingAlpha at 2018-09-19 08:52:33:000

By Stacey Morris Your elementary science teacher probably taught you that oil and water don't mix, but when it comes to oil production, water plays an important role. In fact, water is both a necessity and a potential headache for oil and natural gas producers. Water is needed for hydrauli… read more...

MLP Sector Deep Dive: What's Not To Like?

via: SeekingAlpha at 2018-09-17 12:46:20:000

The MLP sector has been the ugly stepchild of the CEF space over the last few years. The total return price index of the sector says it all - the energy price crash and sector underperformance exposed an unsustainable business model, which ended with the sector giving up nearly all of its post… read more...

MLP Sector Deep Dive: What's Not To Like?

via: SeekingAlpha at 2018-09-17 12:46:20:000

The MLP sector has been the ugly stepchild of the CEF space over the last few years. The total return price index of the sector says it all - the energy price crash and sector underperformance exposed an unsustainable business model, which ended with the sector giving up nearly all of its post… read more...

MLP Summer Recap Video

via: SeekingAlpha at 2018-09-05 08:00:00:000

Disclosure: Alerian 2018. All rights reserved. This material is reproduced with the prior consent of Alerian. It is provided as general information only and should not be taken as investment advice. Employees of Alerian are prohibited from owning individual MLPs. For more… read more...

MLP Summer Recap Video

via: SeekingAlpha at 2018-09-05 08:00:00:000

Disclosure: Alerian 2018. All rights reserved. This material is reproduced with the prior consent of Alerian. It is provided as general information only and should not be taken as investment advice. Employees of Alerian are prohibited from owning individual MLPs. For more… read more...

MLP Summer Recap Video

via: SeekingAlpha at 2018-09-05 08:00:00:000

Disclosure: Alerian 2018. All rights reserved. This material is reproduced with the prior consent of Alerian. It is provided as general information only and should not be taken as investment advice. Employees of Alerian are prohibited from owning individual MLPs. For more… read more...

MLP Distribution Coverage: How And Why It's Changed

via: SeekingAlpha at 2018-08-29 08:00:15:000

While we recap distribution growth quarterly ( 2Q18 recap ), two quarters have passed since we last discussed distribution coverage ( click here ). In today's post, we show historical quarterly coverage ratios for current constituents of the Alerian MLP Infrastructure Index (AMZI) for 4Q16 a… read more...

MLP Distribution Coverage: How And Why It's Changed

via: SeekingAlpha at 2018-08-29 08:00:15:000

While we recap distribution growth quarterly ( 2Q18 recap ), two quarters have passed since we last discussed distribution coverage ( click here ). In today's post, we show historical quarterly coverage ratios for current constituents of the Alerian MLP Infrastructure Index (AMZI) for 4Q16 a… read more...

MLP Distribution Coverage: How And Why It's Changed

via: SeekingAlpha at 2018-08-29 08:00:15:000

While we recap distribution growth quarterly ( 2Q18 recap ), two quarters have passed since we last discussed distribution coverage ( click here ). In today's post, we show historical quarterly coverage ratios for current constituents of the Alerian MLP Infrastructure Index (AMZI) for 4Q16 a… read more...

Q2 '18 Recap And The Barbell Profile Of MLP Distribution Growth

via: SeekingAlpha at 2018-08-22 08:00:33:000

Cut-Free Quarter for Index Constituents For context, 2Q18 distributions refer to the distributions that will be paid in 3Q18 as a result of operational performance in 2Q18. The pie charts below reflect the Q/Q changes to distributions, comparing 2Q18 with 1Q18. For this exercise, we includ… read more...

Q2 '18 Recap And The Barbell Profile Of MLP Distribution Growth

via: SeekingAlpha at 2018-08-22 08:00:33:000

Cut-Free Quarter for Index Constituents For context, 2Q18 distributions refer to the distributions that will be paid in 3Q18 as a result of operational performance in 2Q18. The pie charts below reflect the Q/Q changes to distributions, comparing 2Q18 with 1Q18. For this exercise, we includ… read more...

Q2 '18 Recap And The Barbell Profile Of MLP Distribution Growth

via: SeekingAlpha at 2018-08-22 08:00:33:000

Cut-Free Quarter for Index Constituents For context, 2Q18 distributions refer to the distributions that will be paid in 3Q18 as a result of operational performance in 2Q18. The pie charts below reflect the Q/Q changes to distributions, comparing 2Q18 with 1Q18. For this exercise, we includ… read more...

UBS Declares Quarterly Coupon Payments on Exchange Traded Notes: AMU and AMUB

via: Business Wire at 2018-08-21 11:00:00:000

UBS Investment Bank today announced coupon payments for the ETRACS Alerian MLP Index ETN (NYSE Arca: AMU) and ETRACS Alerian MLP Index ETN Series B (NYSE Arca: AMUB), both traded on the NYSE Arca. * The table above provides a hyperlink to the relevan… read more...

Alerian Explains It All: C Corps, MLPs, And The Midstream Indices That Contain Them

via: SeekingAlpha at 2018-08-15 08:22:58:000

With all the reorganizations we've seen this year, think C Corps make up the vast majority of the midstream universe? Think again. The actual split between MLPs and corporations in the midstream universe may surprise you, with MLPs still representing comfortably more than half of the midstream… read more...

Alerian Explains It All: C Corps, MLPs, And The Midstream Indices That Contain Them

via: SeekingAlpha at 2018-08-15 08:22:58:000

With all the reorganizations we've seen this year, think C Corps make up the vast majority of the midstream universe? Think again. The actual split between MLPs and corporations in the midstream universe may surprise you, with MLPs still representing comfortably more than half of the midstream… read more...

Alerian Explains It All: C Corps, MLPs, And The Midstream Indices That Contain Them

via: SeekingAlpha at 2018-08-15 08:22:58:000

With all the reorganizations we've seen this year, think C Corps make up the vast majority of the midstream universe? Think again. The actual split between MLPs and corporations in the midstream universe may surprise you, with MLPs still representing comfortably more than half of the midstream… read more...

MLPs: A Light At The End Of The Pipeline

via: SeekingAlpha at 2018-08-10 07:00:29:000

By David Wertheim, Senior Client Portfolio Manager and Darin Turner, Managing Director and Portfolio Manager on Aug 9, 2018, in Alternatives Master limited partnerships may be poised for a turnaround The master limited partnership ((MLP)) asset class has experienced considerabl… read more...

MLPs: A Light At The End Of The Pipeline

via: SeekingAlpha at 2018-08-10 07:00:29:000

By David Wertheim, Senior Client Portfolio Manager and Darin Turner, Managing Director and Portfolio Manager on Aug 9, 2018, in Alternatives Master limited partnerships may be poised for a turnaround The master limited partnership ((MLP)) asset class has experienced considerabl… read more...

MLPs: A Light At The End Of The Pipeline

via: SeekingAlpha at 2018-08-10 07:00:29:000

By David Wertheim, Senior Client Portfolio Manager and Darin Turner, Managing Director and Portfolio Manager on Aug 9, 2018, in Alternatives Master limited partnerships may be poised for a turnaround The master limited partnership ((MLP)) asset class has experienced considerabl… read more...

MLPs: A Light At The End Of The Pipeline

via: SeekingAlpha at 2018-08-10 07:00:29:000

By David Wertheim, Senior Client Portfolio Manager and Darin Turner, Managing Director and Portfolio Manager on Aug 9, 2018, in Alternatives Master limited partnerships may be poised for a turnaround The master limited partnership ((MLP)) asset class has experienced considerabl… read more...

MLPs: A Light At The End Of The Pipeline

via: SeekingAlpha at 2018-08-10 07:00:29:000

By David Wertheim, Senior Client Portfolio Manager and Darin Turner, Managing Director and Portfolio Manager on Aug 9, 2018, in Alternatives Master limited partnerships may be poised for a turnaround The master limited partnership ((MLP)) asset class has experienced considerabl… read more...

Bye, Bye, Bye (MLPs) Part 3: What's An Investor To Do?

via: SeekingAlpha at 2018-08-08 08:00:15:000

By Stacey Morris With all the recent transactions in the MLP space and consolidation of MLPs by their C-Corp parents, investors are understandably concerned about the implications for their MLP investments. Some investors are worried that MLPs face extinction, and others fear that they … read more...

Bye, Bye, Bye (MLPs) Part 3: What's An Investor To Do?

via: SeekingAlpha at 2018-08-08 08:00:15:000

By Stacey Morris With all the recent transactions in the MLP space and consolidation of MLPs by their C-Corp parents, investors are understandably concerned about the implications for their MLP investments. Some investors are worried that MLPs face extinction, and others fear that they … read more...

Bye, Bye, Bye (MLPs) Part 2: Who Could Be Saying Bye?

via: SeekingAlpha at 2018-08-01 08:00:48:000

By Stacey Morris Management teams of several MLPs (or GPs) have made comments indicating the potential for a restructuring or simplification but have not yet formally announced a transaction. In this post, we look at potential reorganization candidates. Specifically, we discuss MLPs t… read more...

Bye, Bye, Bye (MLPs) Part 2: Who Could Be Saying Bye?

via: SeekingAlpha at 2018-08-01 08:00:48:000

By Stacey Morris Management teams of several MLPs (or GPs) have made comments indicating the potential for a restructuring or simplification but have not yet formally announced a transaction. In this post, we look at potential reorganization candidates. Specifically, we discuss MLPs t… read more...

Bye, Bye, Bye (MLPs) Part 2: Who Could Be Saying Bye?

via: SeekingAlpha at 2018-08-01 08:00:48:000

By Stacey Morris Management teams of several MLPs (or GPs) have made comments indicating the potential for a restructuring or simplification but have not yet formally announced a transaction. In this post, we look at potential reorganization candidates. Specifically, we discuss MLPs t… read more...

Status Update: Midstream Trending Higher

via: SeekingAlpha at 2018-08-01 05:10:00:000

The MLP Index produced 6.6% total return in July, the best July since 2010. Looking ahead, August has been negative in each of the last 3 years and 7 of the last 9. For the MLP rally to continue, the stocks would need to counter these seasonal headwinds that typically restrain MLP buying late … read more...

Status Update: Midstream Trending Higher

via: SeekingAlpha at 2018-08-01 05:10:00:000

The MLP Index produced 6.6% total return in July, the best July since 2010. Looking ahead, August has been negative in each of the last 3 years and 7 of the last 9. For the MLP rally to continue, the stocks would need to counter these seasonal headwinds that typically restrain MLP buying late … read more...

Status Update: Midstream Trending Higher

via: SeekingAlpha at 2018-08-01 05:10:00:000

The MLP Index produced 6.6% total return in July, the best July since 2010. Looking ahead, August has been negative in each of the last 3 years and 7 of the last 9. For the MLP rally to continue, the stocks would need to counter these seasonal headwinds that typically restrain MLP buying late … read more...

Bye, Bye, Bye (MLPs) Part 1: Who's Saying Bye And Why?

via: SeekingAlpha at 2018-07-25 08:00:05:000

By Stacey Morris We're kicking off a three-week series on the undisputed topic du jour and elephant in the room of the midstream space - the consolidation of MLPs into C-Corp structures. There have been several developments since we last wrote on the topic of MLPs disappearing . In today'… read more...

Bye, Bye, Bye (MLPs) Part 1: Who's Saying Bye And Why?

via: SeekingAlpha at 2018-07-25 08:00:05:000

By Stacey Morris We're kicking off a three-week series on the undisputed topic du jour and elephant in the room of the midstream space - the consolidation of MLPs into C-Corp structures. There have been several developments since we last wrote on the topic of MLPs disappearing . In today'… read more...

Bye, Bye, Bye (MLPs) Part 1: Who's Saying Bye And Why?

via: SeekingAlpha at 2018-07-25 08:00:05:000

By Stacey Morris We're kicking off a three-week series on the undisputed topic du jour and elephant in the room of the midstream space - the consolidation of MLPs into C-Corp structures. There have been several developments since we last wrote on the topic of MLPs disappearing . In today'… read more...

FERC's Ruling Revives The MLP Market

via: SeekingAlpha at 2018-07-19 22:10:48:000

The FERC issued its final notice of proposed rule making or (NOPR) related treatment of income taxes for natural gas cost of service pipelines and we think it is a positive ruling. As you recall back in March of this year, the FERC stirred up the MLP sector when it issued a notice that essen… read more...

FERC's Ruling Revives The MLP Market

via: SeekingAlpha at 2018-07-19 22:10:48:000

The FERC issued its final notice of proposed rule making or (NOPR) related treatment of income taxes for natural gas cost of service pipelines and we think it is a positive ruling. As you recall back in March of this year, the FERC stirred up the MLP sector when it issued a notice that essen… read more...

FERC's Ruling Revives The MLP Market

via: SeekingAlpha at 2018-07-19 22:10:48:000

The FERC issued its final notice of proposed rule making or (NOPR) related treatment of income taxes for natural gas cost of service pipelines and we think it is a positive ruling. As you recall back in March of this year, the FERC stirred up the MLP sector when it issued a notice that essen… read more...

FERC's Ruling Revives The MLP Market

via: SeekingAlpha at 2018-07-19 22:10:48:000

The FERC issued its final notice of proposed rule making or (NOPR) related treatment of income taxes for natural gas cost of service pipelines and we think it is a positive ruling. As you recall back in March of this year, the FERC stirred up the MLP sector when it issued a notice that essen… read more...

FERC's Ruling Revives The MLP Market

via: SeekingAlpha at 2018-07-19 22:10:48:000

The FERC issued its final notice of proposed rule making or (NOPR) related treatment of income taxes for natural gas cost of service pipelines and we think it is a positive ruling. As you recall back in March of this year, the FERC stirred up the MLP sector when it issued a notice that essen… read more...

First Half Midstream Returns: Factor Debrief

via: SeekingAlpha at 2018-07-02 02:32:17:000

We are officially finished with a pretty wild first half of the year. As such, I thought it appropriate to break down midstream returns based on several different factors that I believe have been driving relative performance within the sector this year. The charts below represent the simple … read more...

First Half Midstream Returns: Factor Debrief

via: SeekingAlpha at 2018-07-02 02:32:17:000

We are officially finished with a pretty wild first half of the year. As such, I thought it appropriate to break down midstream returns based on several different factors that I believe have been driving relative performance within the sector this year. The charts below represent the simple … read more...

First Half Midstream Returns: Factor Debrief

via: SeekingAlpha at 2018-07-02 02:32:17:000

We are officially finished with a pretty wild first half of the year. As such, I thought it appropriate to break down midstream returns based on several different factors that I believe have been driving relative performance within the sector this year. The charts below represent the simple … read more...

Mastering MLP Madness

via: SeekingAlpha at 2018-06-26 07:13:00:000

What do you see in this chart? Opportunity = an investment that more than tripled over 7 years Danger = an investment that lost more than -58% of its value over 16 months Indecision = an investment meandering between those two extremes for more than 2 years The astute among you… read more...

Mastering MLP Madness

via: SeekingAlpha at 2018-06-26 07:13:00:000

What do you see in this chart? Opportunity = an investment that more than tripled over 7 years Danger = an investment that lost more than -58% of its value over 16 months Indecision = an investment meandering between those two extremes for more than 2 years The astute among you… read more...

Mastering MLP Madness

via: SeekingAlpha at 2018-06-26 07:13:00:000

What do you see in this chart? Opportunity = an investment that more than tripled over 7 years Danger = an investment that lost more than -58% of its value over 16 months Indecision = an investment meandering between those two extremes for more than 2 years The astute among you… read more...

Are Energy Stocks Catching Up To Crude?

via: SeekingAlpha at 2018-06-20 08:00:37:000

By Stacey Morris Energy investors, and particularly MLP investors, have likely been frustrated with the lagging performance of energy stocks relative to the improvement in crude prices. We discussed this at length in our white paper on crude correlations and MLPs from December 2017. In A… read more...

Are Energy Stocks Catching Up To Crude?

via: SeekingAlpha at 2018-06-20 08:00:37:000

By Stacey Morris Energy investors, and particularly MLP investors, have likely been frustrated with the lagging performance of energy stocks relative to the improvement in crude prices. We discussed this at length in our white paper on crude correlations and MLPs from December 2017. In A… read more...

Are Energy Stocks Catching Up To Crude?

via: SeekingAlpha at 2018-06-20 08:00:37:000

By Stacey Morris Energy investors, and particularly MLP investors, have likely been frustrated with the lagging performance of energy stocks relative to the improvement in crude prices. We discussed this at length in our white paper on crude correlations and MLPs from December 2017. In A… read more...

Revisiting MLP Distribution Growth

via: SeekingAlpha at 2018-06-06 08:00:40:000

By James Wang One of Alerian's most widely circulated charts is our distribution growth chart, seen below. It's a perennial favorite, with investors and industry insiders requesting it over and over again. We wanted to provide a simple number that could be referenced and compared. Someth… read more...

Revisiting MLP Distribution Growth

via: SeekingAlpha at 2018-06-06 08:00:40:000

By James Wang One of Alerian's most widely circulated charts is our distribution growth chart, seen below. It's a perennial favorite, with investors and industry insiders requesting it over and over again. We wanted to provide a simple number that could be referenced and compared. Someth… read more...

Revisiting MLP Distribution Growth

via: SeekingAlpha at 2018-06-06 08:00:40:000

By James Wang One of Alerian's most widely circulated charts is our distribution growth chart, seen below. It's a perennial favorite, with investors and industry insiders requesting it over and over again. We wanted to provide a simple number that could be referenced and compared. Someth… read more...

Revisiting MLP Distribution Growth

via: SeekingAlpha at 2018-06-06 08:00:40:000

By James Wang One of Alerian's most widely circulated charts is our distribution growth chart, seen below. It's a perennial favorite, with investors and industry insiders requesting it over and over again. We wanted to provide a simple number that could be referenced and compared. Someth… read more...

MLP And Energy Infrastructure Conference Recap: Dissecting The Disconnect With Fundamentals

via: SeekingAlpha at 2018-05-30 08:00:32:000

By Stacey Morris Last week, we attended the MLP and Energy Infrastructure Conference hosted by the Master Limited Partnership Association in Orlando. The event was well attended, surpassing last year's record. While the FERC news, Permian discounts and oil prices were all relevant topics,… read more...

MLP And Energy Infrastructure Conference Recap: Dissecting The Disconnect With Fundamentals

via: SeekingAlpha at 2018-05-30 08:00:32:000

By Stacey Morris Last week, we attended the MLP and Energy Infrastructure Conference hosted by the Master Limited Partnership Association in Orlando. The event was well attended, surpassing last year's record. While the FERC news, Permian discounts and oil prices were all relevant topics,… read more...

MLP And Energy Infrastructure Conference Recap: Dissecting The Disconnect With Fundamentals

via: SeekingAlpha at 2018-05-30 08:00:32:000

By Stacey Morris Last week, we attended the MLP and Energy Infrastructure Conference hosted by the Master Limited Partnership Association in Orlando. The event was well attended, surpassing last year's record. While the FERC news, Permian discounts and oil prices were all relevant topics,… read more...

Avoiding The Landmines: A Roundtable With J Mintzmyer And Team

via: SeekingAlpha at 2018-05-24 07:30:00:000

The shipping and industrials sectors are complex - you have to wade in deep to understand all of the moving parts. And there are a lot of them. With the U.S.-China trade war at a standstill (at the time of writing, Wednesday, May 23, 2018), renewed sanctions for Iran and threats of sanctions f… read more...

Avoiding The Landmines: A Roundtable With J Mintzmyer And Team

via: SeekingAlpha at 2018-05-24 07:30:00:000

The shipping and industrials sectors are complex - you have to wade in deep to understand all of the moving parts. And there are a lot of them. With the U.S.-China trade war at a standstill (at the time of writing, Wednesday, May 23, 2018), renewed sanctions for Iran and threats of sanctions f… read more...

Avoiding The Landmines: A Roundtable With J Mintzmyer And Team

via: SeekingAlpha at 2018-05-24 07:30:00:000

The shipping and industrials sectors are complex - you have to wade in deep to understand all of the moving parts. And there are a lot of them. With the U.S.-China trade war at a standstill (at the time of writing, Wednesday, May 23, 2018), renewed sanctions for Iran and threats of sanctions f… read more...

Avoiding The Landmines: A Roundtable With J Mintzmyer And Team

via: SeekingAlpha at 2018-05-24 07:30:00:000

The shipping and industrials sectors are complex - you have to wade in deep to understand all of the moving parts. And there are a lot of them. With the U.S.-China trade war at a standstill (at the time of writing, Wednesday, May 23, 2018), renewed sanctions for Iran and threats of sanctions f… read more...

Avoiding The Landmines: A Roundtable With J Mintzmyer And Team

via: SeekingAlpha at 2018-05-24 07:30:00:000

The shipping and industrials sectors are complex - you have to wade in deep to understand all of the moving parts. And there are a lot of them. With the U.S.-China trade war at a standstill (at the time of writing, Wednesday, May 23, 2018), renewed sanctions for Iran and threats of sanctions f… read more...

Avoiding The Landmines: A Roundtable With J Mintzmyer And Team

via: SeekingAlpha at 2018-05-24 07:30:00:000

The shipping and industrials sectors are complex - you have to wade in deep to understand all of the moving parts. And there are a lot of them. With the U.S.-China trade war at a standstill (at the time of writing, Wednesday, May 23, 2018), renewed sanctions for Iran and threats of sanctions f… read more...

Avoiding The Landmines: A Roundtable With J Mintzmyer And Team

via: SeekingAlpha at 2018-05-24 07:30:00:000

The shipping and industrials sectors are complex - you have to wade in deep to understand all of the moving parts. And there are a lot of them. With the U.S.-China trade war at a standstill (at the time of writing, Wednesday, May 23, 2018), renewed sanctions for Iran and threats of sanctions f… read more...

Q1'18 MLP Distribution Recap: Several Growers Overshadowed By 2 Cuts

via: SeekingAlpha at 2018-05-23 08:00:05:000

By Stacey Morris How many MLPs in the AMZ and AMZI grew, maintained, or cut their distributions for 1Q18? For context, 1Q18 distributions refer to the distributions that will be paid in 2Q18 as a result of operational performance in 1Q18. The pie charts below reflect the Q/Q changes to… read more...

Q1'18 MLP Distribution Recap: Several Growers Overshadowed By 2 Cuts

via: SeekingAlpha at 2018-05-23 08:00:05:000

By Stacey Morris How many MLPs in the AMZ and AMZI grew, maintained, or cut their distributions for 1Q18? For context, 1Q18 distributions refer to the distributions that will be paid in 2Q18 as a result of operational performance in 1Q18. The pie charts below reflect the Q/Q changes to… read more...

Q1'18 MLP Distribution Recap: Several Growers Overshadowed By 2 Cuts

via: SeekingAlpha at 2018-05-23 08:00:05:000

By Stacey Morris How many MLPs in the AMZ and AMZI grew, maintained, or cut their distributions for 1Q18? For context, 1Q18 distributions refer to the distributions that will be paid in 2Q18 as a result of operational performance in 1Q18. The pie charts below reflect the Q/Q changes to… read more...

Q1'18 MLP Distribution Recap: Several Growers Overshadowed By 2 Cuts

via: SeekingAlpha at 2018-05-23 08:00:05:000

By Stacey Morris How many MLPs in the AMZ and AMZI grew, maintained, or cut their distributions for 1Q18? For context, 1Q18 distributions refer to the distributions that will be paid in 2Q18 as a result of operational performance in 1Q18. The pie charts below reflect the Q/Q changes to… read more...

Q1'18 MLP Distribution Recap: Several Growers Overshadowed By 2 Cuts

via: SeekingAlpha at 2018-05-23 08:00:05:000

By Stacey Morris How many MLPs in the AMZ and AMZI grew, maintained, or cut their distributions for 1Q18? For context, 1Q18 distributions refer to the distributions that will be paid in 2Q18 as a result of operational performance in 1Q18. The pie charts below reflect the Q/Q changes to… read more...

Q1'18 MLP Distribution Recap: Several Growers Overshadowed By 2 Cuts

via: SeekingAlpha at 2018-05-23 08:00:05:000

By Stacey Morris How many MLPs in the AMZ and AMZI grew, maintained, or cut their distributions for 1Q18? For context, 1Q18 distributions refer to the distributions that will be paid in 2Q18 as a result of operational performance in 1Q18. The pie charts below reflect the Q/Q changes to… read more...

Q1'18 MLP Distribution Recap: Several Growers Overshadowed By 2 Cuts

via: SeekingAlpha at 2018-05-23 08:00:05:000

By Stacey Morris How many MLPs in the AMZ and AMZI grew, maintained, or cut their distributions for 1Q18? For context, 1Q18 distributions refer to the distributions that will be paid in 2Q18 as a result of operational performance in 1Q18. The pie charts below reflect the Q/Q changes to… read more...

U.S. Energy Exports: How MLPs Help Meet Growing Demand In Asia

via: SeekingAlpha at 2018-05-16 08:00:00:000

By Stacey Morris In case you missed it, something notable happened in March with implications for MLPs and energy infrastructure (EI) companies, and thankfully, it doesn't relate to the FERC . In March, the US leapfrogged Saudi Arabia to become the second-largest oil producer in the worl… read more...

U.S. Energy Exports: How MLPs Help Meet Growing Demand In Asia

via: SeekingAlpha at 2018-05-16 08:00:00:000

By Stacey Morris In case you missed it, something notable happened in March with implications for MLPs and energy infrastructure (EI) companies, and thankfully, it doesn't relate to the FERC . In March, the US leapfrogged Saudi Arabia to become the second-largest oil producer in the worl… read more...

U.S. Energy Exports: How MLPs Help Meet Growing Demand In Asia

via: SeekingAlpha at 2018-05-16 08:00:00:000

By Stacey Morris In case you missed it, something notable happened in March with implications for MLPs and energy infrastructure (EI) companies, and thankfully, it doesn't relate to the FERC . In March, the US leapfrogged Saudi Arabia to become the second-largest oil producer in the worl… read more...

U.S. Energy Exports: How MLPs Help Meet Growing Demand In Asia

via: SeekingAlpha at 2018-05-16 08:00:00:000

By Stacey Morris In case you missed it, something notable happened in March with implications for MLPs and energy infrastructure (EI) companies, and thankfully, it doesn't relate to the FERC . In March, the US leapfrogged Saudi Arabia to become the second-largest oil producer in the worl… read more...

U.S. Energy Exports: How MLPs Help Meet Growing Demand In Asia

via: SeekingAlpha at 2018-05-16 08:00:00:000

By Stacey Morris In case you missed it, something notable happened in March with implications for MLPs and energy infrastructure (EI) companies, and thankfully, it doesn't relate to the FERC . In March, the US leapfrogged Saudi Arabia to become the second-largest oil producer in the worl… read more...

U.S. Energy Exports: How MLPs Help Meet Growing Demand In Asia

via: SeekingAlpha at 2018-05-16 08:00:00:000

By Stacey Morris In case you missed it, something notable happened in March with implications for MLPs and energy infrastructure (EI) companies, and thankfully, it doesn't relate to the FERC . In March, the US leapfrogged Saudi Arabia to become the second-largest oil producer in the worl… read more...

U.S. Energy Exports: How MLPs Help Meet Growing Demand In Asia

via: SeekingAlpha at 2018-05-16 08:00:00:000

By Stacey Morris In case you missed it, something notable happened in March with implications for MLPs and energy infrastructure (EI) companies, and thankfully, it doesn't relate to the FERC . In March, the US leapfrogged Saudi Arabia to become the second-largest oil producer in the worl… read more...

Is Self-Funding An MLP Pipe Dream?

via: SeekingAlpha at 2018-05-09 08:00:09:000

By Stacey Morris Self-funding has become a buzzword in the MLP space, but is it really translating to MLPs capital plans? Admittedly, the shift to self-funding is still in early innings, and the transition will take time. That said, it seems like a logical next step as the MLP spac… read more...

Is Self-Funding An MLP Pipe Dream?

via: SeekingAlpha at 2018-05-09 08:00:09:000

By Stacey Morris Self-funding has become a buzzword in the MLP space, but is it really translating to MLPs capital plans? Admittedly, the shift to self-funding is still in early innings, and the transition will take time. That said, it seems like a logical next step as the MLP spac… read more...

MLPs: How Perceived Market Foe May Be Fundamental Investment

via: SeekingAlpha at 2018-05-08 00:39:55:000

The following Q&A is from a discussion that originally took place as part of Closed-End Fund Associations podcast series on Friday, April 20, 2018. Joined by Ed Russell, Managing Director Tortoise, and James Cunnane, Managing Director and Chief Investment Officer of the Ad… read more...

MLPs: How Perceived Market Foe May Be Fundamental Investment

via: SeekingAlpha at 2018-05-08 00:39:55:000

The following Q&A is from a discussion that originally took place as part of Closed-End Fund Associations podcast series on Friday, April 20, 2018. Joined by Ed Russell, Managing Director Tortoise, and James Cunnane, Managing Director and Chief Investment Officer of the Ad… read more...

The Uncertain Future Of MLP-Dedicated Funds

via: SeekingAlpha at 2018-04-29 18:48:21:000

In recent weeks theres been growing discussion about the future of MLPs (see Are MLPs Going Away? ). Although the prospects for U.S. energy infrastructure are very good, the need for growth capital has exposed the limitations of the MLP investor base. Not everyone agrees. Stacey Morri… read more...

The Uncertain Future Of MLP-Dedicated Funds

via: SeekingAlpha at 2018-04-29 18:48:21:000

In recent weeks theres been growing discussion about the future of MLPs (see Are MLPs Going Away? ). Although the prospects for U.S. energy infrastructure are very good, the need for growth capital has exposed the limitations of the MLP investor base. Not everyone agrees. Stacey Morri… read more...

Are MLPs Really Disappearing?

via: SeekingAlpha at 2018-04-25 08:00:45:000

By Stacey Morris There's a common impression (dare we say, misconception?) in the MLP space that MLPs are becoming endangered species - in other words, that MLPs are on a path to extinction. Yes, there have been restructuring announcements and conversions to C Corporations, and certainly… read more...

Are MLPs Really Disappearing?

via: SeekingAlpha at 2018-04-25 08:00:45:000

By Stacey Morris There's a common impression (dare we say, misconception?) in the MLP space that MLPs are becoming endangered species - in other words, that MLPs are on a path to extinction. Yes, there have been restructuring announcements and conversions to C Corporations, and certainly… read more...

Storage, Oil Backwardation, And Implications For MLPs

via: SeekingAlpha at 2018-04-18 08:00:28:000

By Stacey Morris Storage assets are probably the most boring assets in the midstream space (please don't stop reading!). Something about storing a hydrocarbon is generally less exciting than processing hydrocarbons or transporting them. While storage assets are important, they are not ofte… read more...

Storage, Oil Backwardation, And Implications For MLPs

via: SeekingAlpha at 2018-04-18 08:00:28:000

By Stacey Morris Storage assets are probably the most boring assets in the midstream space (please don't stop reading!). Something about storing a hydrocarbon is generally less exciting than processing hydrocarbons or transporting them. While storage assets are important, they are not ofte… read more...

Distribution Coverage: Perhaps A Pleasant Surprise?

via: SeekingAlpha at 2018-04-11 08:00:42:000

By Stacey Morris Investors occasionally ask us what distribution coverage looks like for MLPs. While it may seem straightforward, it is somewhat of a loaded question. Distribution coverage (or coverage ratio) compares distributable cash flow (DCF) generated in a period to the total cash di… read more...

Distribution Coverage: Perhaps A Pleasant Surprise?

via: SeekingAlpha at 2018-04-11 08:00:42:000

By Stacey Morris Investors occasionally ask us what distribution coverage looks like for MLPs. While it may seem straightforward, it is somewhat of a loaded question. Distribution coverage (or coverage ratio) compares distributable cash flow (DCF) generated in a period to the total cash di… read more...

Where's The Dividend? (Hold The Onions)

via: SeekingAlpha at 2018-04-10 07:30:09:000

In 1984, a commercial for fast food purveyor Wendys captured the public psyche with the popular catchphrase: Wheres the beef? When deciding which stocks to invest in, income seekers might instead ask: Wheres the dividend? Not everyone l… read more...

Where's The Dividend? (Hold The Onions)

via: SeekingAlpha at 2018-04-10 07:30:09:000

In 1984, a commercial for fast food purveyor Wendys captured the public psyche with the popular catchphrase: Wheres the beef? When deciding which stocks to invest in, income seekers might instead ask: Wheres the dividend? Not everyone l… read more...

You Were Warned: MLPs And 'I Bought It For The Dividend'

via: SeekingAlpha at 2018-04-09 11:18:40:000

In early 2016, I warned investors about the dangers of Master Limited Partnerships (MLPs) and chasing dividend yields. To wit: "One of the big issues starting in 2016 will be the reversions of MLP's. Many investors jumped into MLP's believing them to be a 'no-brainer' investment for income … read more...

You Were Warned: MLPs And 'I Bought It For The Dividend'

via: SeekingAlpha at 2018-04-09 11:18:40:000

In early 2016, I warned investors about the dangers of Master Limited Partnerships (MLPs) and chasing dividend yields. To wit: "One of the big issues starting in 2016 will be the reversions of MLP's. Many investors jumped into MLP's believing them to be a 'no-brainer' investment for income … read more...

Reaction To The Alerian Problem

via: SeekingAlpha at 2018-04-08 13:52:16:000

Last weeks blog, The Alerian Problem , drew a bigger than average response. We reposted it on Seeking Alpha where you can see all the comments from readers. More interestingly, it led to a useful dialogue with sell-side analysts and investors. The shift from MLP to corporate owner… read more...

Reaction To The Alerian Problem

via: SeekingAlpha at 2018-04-08 13:52:16:000

Last weeks blog, The Alerian Problem , drew a bigger than average response. We reposted it on Seeking Alpha where you can see all the comments from readers. More interestingly, it led to a useful dialogue with sell-side analysts and investors. The shift from MLP to corporate owner… read more...

Gauging The Impact Of Rising Interest Rates For MLPs

via: SeekingAlpha at 2018-02-15 07:40:08:000

The impact of rising rates on energy investments is clearly relevant given the macro concerns blamed for last weeks abysmal market showings. As we assess Master Limited Partnerships ( MLPS ) we evaluate the impact of rising rates from both a direct and indirect basis. From a direct s… read more...

Gauging The Impact Of Rising Interest Rates For MLPs

via: SeekingAlpha at 2018-02-15 07:40:08:000

The impact of rising rates on energy investments is clearly relevant given the macro concerns blamed for last weeks abysmal market showings. As we assess Master Limited Partnerships ( MLPS ) we evaluate the impact of rising rates from both a direct and indirect basis. From a direct s… read more...

Gauging The Impact Of Rising Interest Rates For MLPs

via: SeekingAlpha at 2018-02-15 07:40:08:000

The impact of rising rates on energy investments is clearly relevant given the macro concerns blamed for last weeks abysmal market showings. As we assess Master Limited Partnerships ( MLPS ) we evaluate the impact of rising rates from both a direct and indirect basis. From a direct s… read more...

Gauging The Impact Of Rising Interest Rates For MLPs

via: SeekingAlpha at 2018-02-15 07:40:08:000

The impact of rising rates on energy investments is clearly relevant given the macro concerns blamed for last weeks abysmal market showings. As we assess Master Limited Partnerships ( MLPS ) we evaluate the impact of rising rates from both a direct and indirect basis. From a direct s… read more...

Gauging The Impact Of Rising Interest Rates For MLPs

via: SeekingAlpha at 2018-02-15 07:40:08:000

The impact of rising rates on energy investments is clearly relevant given the macro concerns blamed for last weeks abysmal market showings. As we assess Master Limited Partnerships ( MLPS ) we evaluate the impact of rising rates from both a direct and indirect basis. From a direct s… read more...

Gauging The Impact Of Rising Interest Rates For MLPs

via: SeekingAlpha at 2018-02-15 07:40:08:000

The impact of rising rates on energy investments is clearly relevant given the macro concerns blamed for last weeks abysmal market showings. As we assess Master Limited Partnerships ( MLPS ) we evaluate the impact of rising rates from both a direct and indirect basis. From a direct s… read more...

Gauging The Impact Of Rising Interest Rates For MLPs

via: SeekingAlpha at 2018-02-15 07:40:08:000

The impact of rising rates on energy investments is clearly relevant given the macro concerns blamed for last weeks abysmal market showings. As we assess Master Limited Partnerships ( MLPS ) we evaluate the impact of rising rates from both a direct and indirect basis. From a direct s… read more...

Gauging The Impact Of Rising Interest Rates For MLPs

via: SeekingAlpha at 2018-02-15 07:40:08:000

The impact of rising rates on energy investments is clearly relevant given the macro concerns blamed for last weeks abysmal market showings. As we assess Master Limited Partnerships ( MLPS ) we evaluate the impact of rising rates from both a direct and indirect basis. From a direct s… read more...

Gauging The Impact Of Rising Interest Rates For MLPs

via: SeekingAlpha at 2018-02-15 07:40:08:000

The impact of rising rates on energy investments is clearly relevant given the macro concerns blamed for last weeks abysmal market showings. As we assess Master Limited Partnerships ( MLPS ) we evaluate the impact of rising rates from both a direct and indirect basis. From a direct s… read more...

Gauging The Impact Of Rising Interest Rates For MLPs

via: SeekingAlpha at 2018-02-15 07:40:08:000

The impact of rising rates on energy investments is clearly relevant given the macro concerns blamed for last weeks abysmal market showings. As we assess Master Limited Partnerships ( MLPS ) we evaluate the impact of rising rates from both a direct and indirect basis. From a direct s… read more...

Gauging The Impact Of Rising Interest Rates For MLPs

via: SeekingAlpha at 2018-02-15 07:40:08:000

The impact of rising rates on energy investments is clearly relevant given the macro concerns blamed for last weeks abysmal market showings. As we assess Master Limited Partnerships ( MLPS ) we evaluate the impact of rising rates from both a direct and indirect basis. From a direct s… read more...

Gauging The Impact Of Rising Interest Rates For MLPs

via: SeekingAlpha at 2018-02-15 07:40:08:000

The impact of rising rates on energy investments is clearly relevant given the macro concerns blamed for last weeks abysmal market showings. As we assess Master Limited Partnerships ( MLPS ) we evaluate the impact of rising rates from both a direct and indirect basis. From a direct s… read more...

Gauging The Impact Of Rising Interest Rates For MLPs

via: SeekingAlpha at 2018-02-15 07:40:08:000

The impact of rising rates on energy investments is clearly relevant given the macro concerns blamed for last weeks abysmal market showings. As we assess Master Limited Partnerships ( MLPS ) we evaluate the impact of rising rates from both a direct and indirect basis. From a direct s… read more...

Gauging The Impact Of Rising Interest Rates For MLPs

via: SeekingAlpha at 2018-02-15 07:40:08:000

The impact of rising rates on energy investments is clearly relevant given the macro concerns blamed for last weeks abysmal market showings. As we assess Master Limited Partnerships ( MLPS ) we evaluate the impact of rising rates from both a direct and indirect basis. From a direct s… read more...

MLP Sector Heats Up In 2018

via: SeekingAlpha at 2018-02-02 07:42:18:000

What a difference a turn of the calendar page has made for master limited partnerships. By nearly any measure, midstream pipeline valuations look attractive. We also have certainty in tax reform for MLPs with the definition of qualifying income remaining unchanged and the tax-advantaged status… read more...

MLP Sector Heats Up In 2018

via: SeekingAlpha at 2018-02-02 07:42:18:000

What a difference a turn of the calendar page has made for master limited partnerships. By nearly any measure, midstream pipeline valuations look attractive. We also have certainty in tax reform for MLPs with the definition of qualifying income remaining unchanged and the tax-advantaged status… read more...

MLP Sector Heats Up In 2018

via: SeekingAlpha at 2018-02-02 07:42:18:000

What a difference a turn of the calendar page has made for master limited partnerships. By nearly any measure, midstream pipeline valuations look attractive. We also have certainty in tax reform for MLPs with the definition of qualifying income remaining unchanged and the tax-advantaged status… read more...

MLP Sector Heats Up In 2018

via: SeekingAlpha at 2018-02-02 07:42:18:000

What a difference a turn of the calendar page has made for master limited partnerships. By nearly any measure, midstream pipeline valuations look attractive. We also have certainty in tax reform for MLPs with the definition of qualifying income remaining unchanged and the tax-advantaged status… read more...

MLP Sector Heats Up In 2018

via: SeekingAlpha at 2018-02-02 07:42:18:000

What a difference a turn of the calendar page has made for master limited partnerships. By nearly any measure, midstream pipeline valuations look attractive. We also have certainty in tax reform for MLPs with the definition of qualifying income remaining unchanged and the tax-advantaged status… read more...

Money manager Osterweis sees MLPs rising; suggests EPD, MMP, AM

via: SeekingAlpha at 2018-01-31 19:23:46:000

Investors tempted by rising bond yields might want to consider energy MLPs , which performed well during the last period of rising interest rates, money manager John Osterweis tells Barron's . More news on: Enterprise Products Partners L.P, Magellan Midstream Partners, L.P., Antero Midst… read more...

Money manager Osterweis sees MLPs rising; suggests EPD, MMP, AM

via: SeekingAlpha at 2018-01-31 19:23:46:000

Investors tempted by rising bond yields might want to consider energy MLPs , which performed well during the last period of rising interest rates, money manager John Osterweis tells Barron's . More news on: Enterprise Products Partners L.P, Magellan Midstream Partners, L.P., Antero Midst… read more...

Money manager Osterweis sees MLPs rising; suggests EPD, MMP, AM

via: SeekingAlpha at 2018-01-31 19:23:46:000

Investors tempted by rising bond yields might want to consider energy MLPs , which performed well during the last period of rising interest rates, money manager John Osterweis tells Barron's . More news on: Enterprise Products Partners L.P, Magellan Midstream Partners, L.P., Antero Midst… read more...

'Cash Flow Investing' - A Report Card

via: SeekingAlpha at 2018-01-22 07:54:23:000

I have been a proponent of "Cash Flow Investing" for the last year and a half or so. I have never said that it is a substitute for appreciation plays but that it is an adjunct to them. For some people and institutions desiring a steady stream of income it can be used as the primary form of inv… read more...

Uncovering Hidden Dividend Gems With Double Dividend Stocks

via: SeekingAlpha at 2018-01-10 07:30:00:000

As you may have noticed, the Energy sector has experienced a surge in recent weeks following the passage of the new tax bill. Thats due in large part to renewed investor interest in master limited partnerships (MLPs) since the bill includes some compelling tax breaks - including a 20% … read more...

Video: Objectivity In Analysis And The MLP Enigma

via: SeekingAlpha at 2018-01-09 07:55:53:000

Hi folks, This is the 12th episode of a series that I have started called "Off the Cuff," where I get in front of the camera and talk for about 10 minutes each episode. It's low-tech, I know - but it's "authen-tech." I like that. I'll do my best to incorporate feedback and questions going fo… read more...

A Space Odyssey 2018

via: SeekingAlpha at 2018-01-08 09:40:08:000

Dave Bowman: Hello, HAL. Do you read me, HAL? HAL: Affirmative, Dave. I read you. Dave Bowman: Open the pod bay doors, HAL. HAL: I'm sorry, Dave. I'm afraid I can't do that. Dave Bowman: What's the problem? HAL: I think you know what the problem is just as well as I do. Dave Bowman: Wh… read more...

2 Golden Geese

via: SeekingAlpha at 2017-12-28 08:52:39:000

The Tax Cuts and Jobs Bill changes the landscape. After all of the hoopla about the drop in individual tax rates, and corporate tax rates, there are a few gems, worthy of note, in this legislation. I point two out today for your inspection. The Tax Cuts and Jobs Bill reduces the maximum indi… read more...

Why I Added InfraCap MLP ETF To My Portfolio For 2018

via: SeekingAlpha at 2017-12-28 04:21:12:000

I recently added the Infracap MLP ETF ( AMZA ) to my portfolio in order to gain diversified and balanced exposure to one of the few bargain sectors left in this overheated market. Though I am also long Fiduciary/Claymore MLP Opportunity Fund ( FMO ), Nuveen Energy MLP Total Return Fund ( JMF )… read more...

A Change Of Strategy

via: SeekingAlpha at 2017-12-27 09:55:39:000

As many of you know, during 2017, I have been a major proponent of "Cash Flow Investing." I have utilized this strategy to take advantage of the $21.7 trillion that the central banks have poured into the world's economy. The result of all of this "Pixie Dust" money, in my opinion, has been low… read more...

Does The Traditional MLP Model Still Work?

via: SeekingAlpha at 2017-12-24 05:26:27:000

There has been a change in MLPs over the past three years because of depressed oil prices. In addition, public equity markets have been more or less closed during this period. At the same time, theres been an increased focus on governance generally and in the incentive distribution rig… read more...

The Dawning Of A New Era

via: SeekingAlpha at 2017-12-19 08:57:18:000

Most days are like other days. The sun shows up, on we go, and the day turns into night. Repeat. However, there are some, quite special days, that mark a transition. They are a "Day to Remember," and I mark today as one of those instances. It may not be a day when a war started, or when we h… read more...

UBS Declares Quarterly Coupon Payments on Exchange Traded Notes: AMU and AMUB

via: Business Wire at 2017-11-20 11:00:00:000

UBS Investment Bank today announced coupon payments for the ETRACS Alerian MLP Index ETN (NYSE Arca: AMU) and ETRACS Alerian MLP Index ETN Series B (NYSE Arca: AMUB), both traded on the NYSE Arca. * The table above provides a hyperlink to the relevan… read more...

Ex-Date Payment Date Record Date Declared Date Amount Flag Dividend Type Qualified Indicated
2017-11-28 2017-12-07 2017-11-29 0.2999 Dividend income
2017-08-24 2017-09-06 2017-08-28 0.3056 Dividend income
2017-05-24 2017-06-06 2017-05-26 0.3136 Dividend income
2017-02-27 2017-03-09 2017-03-01 0.2918 Dividend income
2016-11-25 2016-12-07 2016-11-29 0.316 Dividend income
2016-08-24 2016-09-06 2016-08-26 0.3204 Dividend income
2016-05-25 2016-06-07 2016-05-27 0.3396 Dividend income
2016-02-25 2016-03-08 2016-02-29 0.3395 Dividend income
2015-11-25 2015-12-08 2015-11-30 0.3638 Dividend income
2015-08-26 2015-09-08 2015-08-28 0.3612 Dividend income
2015-05-27 2015-06-08 2015-05-29 0.3597 Dividend income
2015-02-26 2015-03-10 2015-03-02 0.3726 Dividend income
2014-11-26 2014-12-09 2014-12-01 0.3778 Dividend income
2014-08-26 2014-09-08 2014-08-28 0.3701 Dividend income
2014-05-27 2014-06-06 2014-05-29 0.3729 Dividend income
2014-02-27 2014-03-11 2014-03-03 0.3579 Dividend income
2013-11-26 2013-12-09 2013-11-29 0.3671 Dividend income
2013-08-26 2013-09-06 2013-08-28 0.3543 Dividend income
2013-05-24 2013-06-06 2013-05-29 0.3429 Dividend income
2013-02-27 2013-03-11 2013-03-01 0.3251 Dividend income
Ex-Date Declared Date Record Date Payment Date Ratio To Factor For Factor
Data provided for free by IEX