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About Me
- joewxman
- a meteorologist with a knack for trading and investing in MLPS! I also like horse racing, enjoy cigars and a good port wine.
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1 comment:
joe,
From an ABERT1 post:
Please NOTE this:
AGE ESTIMATED DISTRIBUTION INCREASES FOR 2006
Crosstex Energy 24.60%
AG Edwards November monthly MLP article included some very interesting data and estimates. For all 24 MLPs in their coverage universe, they provided the 2005 percentage increase in the total distribution (i.e., increase over 2004), and their estimates for 2006 (estimated % '06 increase over 2005 actuals).
Here is their data (sorted high to low in each year):
ACTUAL 2005 % INCREASE IN DISTRIBUTION
Alliance Resource 23.50%
Inergy Pipeline 22.30%
Atlas Pipeline Resource 18.40%
Natural Resource Virginia 17.90%
Penn Virginia Energy 17.10%
Crosstex Energy Midstream 15.10%
Magellan Midstream Energy 14.30%
MarkWest Energy All 11.90%
Plains All American 11.80%
Enterprise Morgan 9.80%
Kinder Morgan LP 9.30%
Valero LP Energy 5.10%
Pacific Energy Midstream 4.50%
Martin Midstream Propane 4.30%
Suburban Propane Partners 1.60%
TEPPCO Partners 1.40%
AmeriGas Energy 1.40%
Enbridge Energy 0.00%
Ferrellgas Border 0.00%
Northern Border Partners 0.00%
Hiland Partners# Energy NM (new in '05)
Holly Energy Gas NM (new in '05)
Star Gas LNG NM (SUSPENDED DIST. IN '05)
Teekay LNG### NM (new in '05)
Average '05 Increase (all) 10.20%
Average '05 Increase (of those w. increase) 11.90%
AGE ESTIMATED DISTRIBUTION INCREASES FOR 2006
Crosstex Energy 24.60%
Alliance Resource 22.30%
Penn Virginia 18.80%
MarkWest Energy 18.10%
Holly Energy 14.60% (partial in '05)
Natural Resource Partners 14.30%
Atlas Pipeline 13.40%
Inergy 12.70%
Magellan Midstream 12.50%
Valero LP 11.80%
Pacific Energy 10.40%
Enterprise 9.60%
Martin Midstream 9.60%
Kinder Morgan 7.80%
Northern Border 5.00%
Plains All American 4.90%
TEPPCO Partners 3.20%
AmeriGas 1.80%
Enbridge Energy 0.00%
Ferrellgas 0.00%
Suburban Propane 0.00%
Hiland Partners NM
Star Gas NM (suspended)
Teekay LNG NM (new in '05)
Average of all 10.40%
Average Increase of those with increases 12.10%
Perhaps stating the obvious, they note:
"We believe MLPs that can prudently raise their distribution the fastest are likely to be the best performers in a rising interest rate environment and also perform well during an ensuing period when investor psychology ultimately shifts to expectations of flat to lower rates."
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