Investing Topics: Master Limited Partnerships

Election 2016: Plenty of Good News for Utilities

By Roger S. Conrad on Nov. 15, 2016

While the market sorts out the implications of the 2016 federal election, the recent selloff in utility stocks and results at the state level create opportunities for savvy investors.

Boom! Goes the Dividend

By Roger S. Conrad on Oct. 11, 2016

We weren't surprised when Ferrellgas Partners LP (NYSE: FGP) announced that the master limited partnership may need to cut its distribution by 50 percent.

Deals, Deals, Deals (and Earnings)

By Roger S. Conrad on Jul. 25, 2016

We share our take on the latest deal flow involving companies in our Utility Report Card, the first earnings of the season and hedging against potential downside in utility stocks.

Safety Lags in Risk-On Environment

By Roger S. Conrad on Jul. 10, 2016

When the risk-off trade inevitably comes back in vogue, expect this defensive master limited partnership to benefit from the flight to quality.

Momentum has carried utility stocks to historically high valuations, limiting the number of attractive buying opportunities. Master limited partnerships have also rallied hard from their nadir in February, but stock selection will become increasingly important going forward.

Rally in Energy Prices Brings Relief

By Roger S. Conrad on Jun. 12, 2016

Sometimes a rising tide lifts all boats. The sharp recovery in oil and gas prices since mid-February has convinced all too many investors that the risk of further distribution cuts among energy-focused master limited partnerships (MLP) has declined. The immediate response to the indiscriminate selling of late 2015 and early 2016 has been a wave of indiscriminate buying. But selectivity will be critical going forward.

Aging Bull

By Roger S. Conrad on Jun. 11, 2016

Many of our Portfolio holdings have rallied hard over the past months, giving investors another opportunity to exit weaker names and take some profits off the table in their big winners.

Post-Earnings Strategy Session

By Roger S. Conrad on May. 8, 2016

We review our investment strategy in light of our macro outlook and key takeaways from first-quarter earnings.

No Cuts, But Plenty of Risks

By Roger S. Conrad on May. 8, 2016

First-quarter earnings season has included a raft of weak results and guidance reductions from the more than 200 essential-service companies in our Utility Report Card.

Let’s Make a Deal: Utilities Take Advantage of Pipeline Companies’ Pain

By Roger S. Conrad on May. 2, 2016

Consolidated Edison's recently announced joint venture with Crestwood Equity Partners LP is the latest example of a utility leveraging its position as a demand-side customer and its low cost of capital to pursue ambitions in the midstream segment. Expect this trend to gain momentum in coming quarters.

MODEL PORTFOLIOS & RATINGS

Aggressive Income Portfolio

Roger's favorite utilities for investors seeking superior price appreciation by taking calculated risks.
Conservative Income Portfolio

Harness the tried and true wealth-building power of rising dividends.
Top 10 DRIPs

Nothing compounds wealth like reinvesting a rising stream of dividends.
Endangered Dividends List

Warning: Falling Dividends.
Utility Report Card

Roger's current take and vital statistics on more than 200 essential-services stocks.

ABOUT ROGER CONRAD

Roger S. Conrad

Founder and Chief Editor:
Conrad's Utility Investor
Capitalist Times and
Energy & Income Advisor

Roger S. Conrad needs no introduction to individual and professional investors, many of whom have profited from his decades of experience uncovering the best dividend-paying stocks for accumulating sustainable wealth. Roger b