HEP News and Press, Holly Energy Partners L.P. From 03/26/20

Refiners Valero Energy ( VLO +8.8% ), Phillips 66 ( PSX +4% ) and HollyFrontier ( HFC +9.4% ) are upgraded to Buy from Hold at Jefferies, which sees attractive opportunities given the companies' strong balance sheets and deep liquidity positions. More news on: Valero Energy Corporati...

By Bryce Bingham With broader markets under pressure and MLP yields near all-time highs, many investors are questioning the stability of MLP distributions. Alerian has already addressed improved distribution coverage at length ( read more ), but what can we learn from the past? While inves...

Midstream is in a rough spot. With the shale industry under attack from OPEC+ and demand taking a hit from COVID-19, overall energy demand looks rather bleak, particularly in crude oil. Even the quality names in the space have been shellacked, trading at significantly depressed valuations. In ...

Originally published March 19, 2020 By Stacey Morris With the oil price landscape having changed dramatically, midstream investors are anxiously awaiting updated company outlooks, even if it is reaffirming past guidance. Several companies across midstream have provided updates over the...

By Stacey Morris In addition to updated financial guidance , midstream companies have also provided more disclosure around the nature of their cash flows. Specifically, there has been increased commentary around counterparties, minimum volume commitments, and the portion of cash f...

While many office workers were remote this week, the market had its worst week since 2008. This led to another week of staggering losses in midstream and oil prices. MLPs actually outperformed utilities and the DJIA this week and were roughly in line with the S&P 500 decline. The selling...

Oil prices have endured historic volatility this month. They've suffered two of their worst plunges on record, including  nosediving to their lowest level since 2002  a few days ago. Meanwhile, crude prices delivered their biggest rally ever on Thursday, before giving back some of...

Oil prices reversed their recent dive on Thursday, with West Texas Intermediate crude futures up 24% on word that the Trump Administration could take actions intended to force Russia and Saudi Arabia to back down from their plans to flood global oil markets.  As a result today, shares of o...

By Stacey Morris With MLP index yields at all-time highs, several management teams are utilizing this downturn as a buying opportunity, reflecting confidence in their underlying businesses. Today's short post details recent insider purchases across midstream. Despite the fee-based nature...

The price of crude oil continued its freefall today. The U.S. oil price benchmark, West Texas Intermediate, fell more than 20%, closing at its lowest level in 18 years.  Usually, lower oil prices are good news for  refineries , which need to buy crude so that they can turn it i...