Previous 10 | Next 10 |
Storage tends to be a ho-hum business, until it isn’t. With oil demand diving, plentiful production, and the oil futures curve in steep contango, storage has become a hot topic. Of course, many midstream companies own and operate storage capacity. Today, we will briefly discuss the impl...
Originally published on 03/27/20 Yesterday, Magellan Midstream Partners (MMP) updated investors on its business by holding a virtual Analyst Day. Management provided helpful commentary on the outlook for the MLP given the current environment. Today's Insights at a Glance covers some of t...
By Stacey Morris At one time, the hope had been that investor focus would shift to midstream fundamentals instead of questions around structure. It's a good reminder to be careful what you wish for. Conversations around MLP consolidations or C-Corp conversions have been replaced by a focus...
By Michael Laitkep While pipelines are often considered the bread and butter of the MLP space, MLPs provide a wide range of midstream services, from gathering and processing activities near the wellhead to pipelines and terminals supporting distribution of gasoline and diesel further downs...
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...
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...
It has been almost five years since I wrote "Why I Will Never Buy an MLP Again", and in that period of time, the Alerian MLP ETF ( AMLP ) has not done so well. Even before the coronavirus selloff, MLPs had given investors a pretty poor return; on a total return basis, AMLP had given invest...
By Brian Watson, CFA , Senior Portfolio Manager As coronavirus concerns bring volatility to all markets, the fundamentals of the energy midstream sector still appear solid to us. In February, although the entire market was rocked by coronavirus worries, the master limited partnership ...
By Michael Laitkep With market and energy volatility continuing, today's note follows up on last week's piece on MLP leverage by examining two prevalent questions emerging from the current market environment: 1) Are any MLPs facing refinancing risk due to near-term debt maturities? and 2...
The balance between supply and demand of MLP paper has always been delicate. In the past, it was a balance between perpetually growing inflows and equity issuance. There were times when equity offerings temporarily overwhelmed investor appetite for MLPs. But as liquidity has diminished in rece...
News, Short Squeeze, Breakout and More Instantly...
UBS AG London Branch FR SP ETRACS REDEEM 18/07/2042 USD 25 Company Name:
AMU Stock Symbol:
NYSE Market:
UBS AG announced today the Call Settlement Amounts for the below three Series A MLP ETNs (the “Securities”), as set forth in the table below. Table-1 * The table above provides a hyperlink to the relevant prospectus supplement for each of the Securities. Each o...
UBS AG announced today that it will redeem all of the outstanding securities in each of the eleven series set forth in the following table (collectively, the “Series A ETNs”). UBS expects to deliver redemption notices with respect to each of the Series A ETNs to holders of...
UBS AG announced today the final results of its previously announced voluntary exchange offers (“Exchange Offers”) for five ETRACS Series A ETNs (collectively the “Series A ETNs”) for corresponding ETRACS Series B ETNs (collectively, the “Series B ETNsȁ...