Okay so its a new day, week, month, and quarter so lets start off with my 4 favorites for the next 3 months...or perhaps longer!
Energy Transfer Equity (ETE), the GP of Energy Transfer Partners (ETP) has been a winner so far and as long as the LP continues to be a stellar perfomer the GP should do quite well. Short term target..low 30s before the next base building phase.
Markwest Hydrocarbon (MWP) has just broken out again after only a small period of consolidation. I think this one has nice upside potential to maybe 40 bucks
If Copano had another quarter like the last one...no reason it can't breakout above 54 and head for 60.
And a relatively new issue might be poised finally for a breakout above the 25 level...it needs to do it with volume. Regency Partners is a recent IPO and needs a distribution boost this quarter to finally get moving.
Meanwhile we've opened this morning higher but not by much. The MLP index is up all of 4 cents and most moves are in the context of undoing last Friday's end of quarter moves. We'll let these play out in the first hour and go from there. No corporate news and no upgrades or downgrades.
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4 comments:
I think you are on track with those picks, esp ETE and MWP. These GP's have so much leverage and both ETP and MWE have significant organic growth opportunities aheah of them. My one addition to your group would be LINE as I think its LLC structure and already announced planned Q3 & Q4 distriubtions make it a very cheap CPNO-like vehicle, albeit very exposed to Oil and NG risk.
If Nat gas ever bottoms maybe LINE can join the group. Everything else seems to be going in the right direction. Chart of line actually looks okay.
The compelling aspect of CPNO and RGNC, in my opinion, is the IDR or lack thereof. CPNO has no GP to split cashflow with and RGNC is still at the 2% level. Relatively small projects can really impact the botton line.
Somebody was reading this morning...RGNC SHOT UP TO 27!
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