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...Nor did it file in Delaware, where most of its entities are incorporated....
...Boardwalk was organised, like many energy infrastructure companies, as a limited partnership....
...It also created a US-listed master limited partnership (MPLX) to hold its pipeline and processing assets, retaining less than a quarter of its shares....
...The Houston-based company said today that Western Gas Partners, its sponsored master limited partnership, would continue to own and operate its midstream assets in south Texas....
...Its long background in distressed debt investing means that Elliott instinctively takes a “what’s the worst that can happen” approach that has limited its downside....
...It has gone to court in Delaware, where Alcoa is registered, to secure a ruling to uphold that position. Alumina has filed a counterclaim, and a hearing is scheduled for September 20....
...The Alerian MLP index, a basket of 49 energy logistics companies, has declined by half since August 2014 as investors take fright at the prospect of falling payouts from the master limited partnerships (...
...Shares of Marathon Petroleum rallied 7.9 per cent to $58.78 after the company said its master limited partnership, MPLX LP, an owner of oil pipelines, would buy natural gas processor MarkWest Energy Partners...
...It is also the latest sign of the pressure for master limited partnerships — the tax-privileged structures adopted by MPLX and MarkWest — to increase investors’ payouts through acquisitions....
...This time, the spotlight was on master limited partnerships — one of the most controversial corporate structures of recent years....
...El Paso MLP was a master limited partnership formed by El Paso Corporation to house its midstream assets and take advantage of a potentially lower cost of capital....
...The best performing stock on the index was Marathon Petroleum, which rose 8 per cent to $58.78 after the company said its limited partnership, MPLX LP would buy natural gas processor MarkWest Energy Partners...
...Morgan Stanley has further pruned its commodities trading division with the sale of petroleum distributor TransMontaigne to a fast-growing energy partnership....
...Morgan Stanley bought TransMontaigne in 2006, giving it control of a New York-listed master limited partnership called TransMontaigne Partners LP....
...“We’re talking about a very limited number of vessels doing this work,” he said....
...Like the other US listed private equity groups, Blackstone is structured as a partnership for tax purposes, issuing special units that lack many of the ownership rights of shares in a typical limited liability...
.... , slyly offered.Opec’s offer to pump at full tilt The announcement had a limited effect on prices....
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