HEP News and Press, Holly Energy Partners L.P. From 04/14/20

Times of uncertainty often make for excellent buying opportunities in the market. The saying holds true that you should buy stocks when there's blood in the streets. This is true even when that blood is yours. Right now, amidst the fallout associated with the spread of COVID-19 and the impact ...

Stocks, especially utilities, roared back in a holiday-shortened week, helped by additional stimulus measures and signs of hope from daily COVID-19 statistics. Midstream stocks (and to a lesser degree MLPs) came along for the ride. The midstream performance hierarchy returned to trend this wee...

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 t...

New data from the U.S. Energy Information Administration [EIA] confirms what the markets have been predicting for weeks: U.S. gasoline demand is in free-fall as Americans respond to the COVID-19 pandemic by remaining at home. Weekly consumption first began to decline for the period ending Ma...

Since oil prices collapsed in early March, several MLPs have announced changes to their capital allocation plans, which, in some cases, have included revised distribution policies. While primarily fee-based cash flows and the company-level improvements made in recent years position MLPs to bet...

In recent weeks, we have discussed the stability of MLP/midstream cash flows at length by highlighting their underlying fee-based contracts with built-in protections ( read more ). Protections for the pipeline provider include minimum volume commitments (MVCs), which are intended precisely for...

Marathon Petroleum (NYSE: MPC ), Phillips 66 (NYSE: PSX ) and Valero Energy (NYSE: VLO ) are among the U.S. refiners (NYSEARCA: CRAK ) that are taking advantage of plunging oil prices to capture profits even while slowing fuel production. More news on: Marathon Petroleum Corporation, Phi...

By Bryce Bingham Since our initial stress test of the Alerian MLP Infrastructure Index’s (AMZI) yield ( read more ), the index underwent its quarterly rebalancing with related constituent changes , and a few MLPs announced distribution cuts. In terms of constituent changes, Holly...

Holly Energy Partners, L.P. (NYSE: HEP) (the "Partnership") plans to announce results for its quarter ending March 31, 2020 on May 6, 2020, before the opening of trading on the NYSE. The Partnership has scheduled a webcast conference on May 6, 2020 at 4:00 p.m. Eastern time to discuss financi...

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...