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HEP - Holly Energy Partners Is Still Attractive Despite Its Recent Bounce
Holly Energy Partners L.P.
Holly Energy Partners (HEP) plunged 66% in just two weeks due to the fierce market sell-off that was caused by the outbreak of coronavirus. The stock has nearly doubled off its recent bottom, but it is still grossly undervalued, as its business model is much more resilient to coronavirus than the business model of most energy stocks. In this article, I will analyze why Holly Energy Partners is exceptionally attractive at its current price.
Business overview - coronavirus
Holly Energy Partners is a master limited partnership ((MLP)), which owns essentially all the pipeline