Archive

MLPs: Quick Weekly Recap

11Mar
MLPs Drop on Global Issues and Are Reminded: There is a Limit to Investor Demand for More MLP Paper The MLP Index closed down 3.7% for the week, the largest weekly drawdown since May of last year, and the first significant drop week over week since January.  Some of the weakness this week definitely had to do with the several equity offerings that came

KMI: Snap Take

11Feb
Someone asked me for my general thoughts on KMI today, thought it would be appropriate to offer them here as well. We are (as of today) owners of KMI, in the interest of full disclosure. KMI is currently trading at a 3.76% yield, KMP is currently trading at a 6.4% yield. If we assume that KMP grows it's distribution 4.5% per year for the next 5 years,

Return of KMI: Kinder Morgan Files GP IPO

23Nov
While the rest of the sector has been zigging, Kinder Morgan is planning to zag.  After a rash of consolidations in the publicly-traded MLP GP subsector in the past year that saw EPE, NRGP, BGH, PVG (pending) and MGG (2009) all get consolidated into their subsidiary MLPs, Kinder Morgan has filed to take its general partner holding company public.  The

You Choose: All Three 7.5% Yield!

01Sep
It has been several months since my last post, and although it's cliche, I have been very busy.  I do plan to continue to write regular blog postings on MLPs once things settle down (probably starting in October). One topic I would love to write about in detail if I had the time today would be this: I own 3 very different MLPs (EEP, NRGY and RGNC), all

Curbstone 4Q Letter

28Jan
Dear Internet...It's been a while since my last post, but I plan to get back on a regular posting schedule next week.  For now, click the link below to read Curbstone's latest quarterly market commentary, written by Ryan Krueger and myself.  I look forward to feedback from you people of the internet. Curbstone Quarterly Letter_4Q2009

MLP Blog – First Post

03Dec
Welcome to my blog on MLPs.  Because it's such a small industry dominated predominantly by wealthy retail investors that learned about MLPs from their brokers, there is not much information available on MLPs outside of the big wirehouses.  People often come to me when they want information on MLPs.  My good friend Kareem Hamady came to me recently and