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HFC - Holly Energy Partners: Another 12% High-Yield Play
HollyFrontier Corporation
Holly Energy Partners (HEP) is an MLP that owns petroleum and crude oil pipelines, terminals and refinery processes that predominantly supports HollyFrontier Corporation (HFC). Geographically the company is located in the Mid-Continent, Southwest and Northwest region. The company also has ownership interests in other projects such as the UNEV pipeline, Osage Pipeline and Cheyenne Pipeline. The company has a high yield of 12%, which is quite high even in the depressed energy sector. The goal then is to determine how safe that yield is.