Hints and tips:
...For China-focused general partners and their limited partners, it’s been a great run....
...However, the outlook is uncertain, rising one-offs make P&L valuations less relevant and cash conversion is declining. In addition, top management changes add another layer of complexity....
...“Our 26 percent increase in recurring earnings per diluted share shows the very strong results of our core wholesale and retail energy businesses and our natural gas pipelines,” said Kenneth L....
...Company announces the acquisition of its sales agent in Germany, Global Drinks Partnership (GDP), the distribution partner over the past seven years. Financial impact limited....
...The bulls will point to a P/B below 1, FY21e EV/EBITDA of 4x and EFCF Yield of 8% as evidence of clear value....
...Among master limited partnerships (MLPs), their most common structure, most companies shifted towards financing growth from internal cash flow instead of raising money from capital markets, says Ethan Bellamy...
...This complacency is embodied in the Alerian index product, which tracks the performance of about $300bn of energy master limited partnerships — companies that have most of their assets bound up in gas pipelines...
...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 (...
...“The next 120 days are probably going to be as difficult as what we’ve seen in the last 30 years,” says Greg Armstrong, chief executive of Plains All American, one of the biggest crude oil pipeline partnerships...
...L&G would like to invest a lot more in such properties, which serve the dual purpose of reducing housing need and giving patient investors a steady yield....
...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....
...Most interestingly, in recent years some refiners have spun out their oil storage and pipeline assets into master limited partnerships, trying to take advantage of the appetite for yield....
...: CALGARY, ALBERTA and HOUSTON, TEXAS–(Marketwire – Nov. 16, 2011) – Enbridge Inc. and Enterprise Products Partners L.P. today announced that they have agreed to reverse the direction of crude oil flows...
...All of this while Shell is a funding member of the Global Gas Flaring Reduction partnership....
...Jim Wiatt, President and CEO, William Morris Agency Benaree P. Wiley, President and CEO, The Partnership Ann L. Winblad, Co-Founder and Partner, Hummer Winblad Venture Partners Jason H....
International Edition