Global Hunter Securities Initiates Coverage on 18 Energy Infrastructure/MLPs Stocks
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Price: $53.50 -0.37%
Rating Summary:
1 Buy, 8 Hold, 2 Sell
Rating Trend:
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Today's Overall Ratings:
Up: 13 | Down: 28 | New: 14
Rating Summary:
1 Buy, 8 Hold, 2 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 13 | Down: 28 | New: 14
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Global Hunter Securities on Energy Infrastructure/MLPs
Global analyst said, "We are initiating coverage of the Energy Infrastructure MLP space with 18 companies. We believe that energy infrastructure MLPs have historically and will continue to provide attractive risk-adjusted returns to patient investors. MLPs own essential energy infrastructure that generates stable, fee-based cash flows. The assets are typically long-lived and have high barriers to entry. In addition, cash distributions are expected to grow over time, providing purchasing power protection. Our initial top picks are ONEOK Partners (NYSE: OKS), Tesoro Logistics (Nasdaq: TLLP), Crosstex Energy (Nasdaq: XTEX) and EV Energy Partners (Nasdaq: EVEP). These investments have several similarities; they all have exposure to positive NGL fundamentals driven by the booming liquids-rich supply basins and attractive total return prospects driven by high distribution growth expectations. We believe that growth is under-appreciated in the energy infrastructure MLP space and thus we have chosen to favor higher growth names, mostly at the expense of current yield, which tends to be inversely correlated with anticipated growth."
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Global analyst said, "We are initiating coverage of the Energy Infrastructure MLP space with 18 companies. We believe that energy infrastructure MLPs have historically and will continue to provide attractive risk-adjusted returns to patient investors. MLPs own essential energy infrastructure that generates stable, fee-based cash flows. The assets are typically long-lived and have high barriers to entry. In addition, cash distributions are expected to grow over time, providing purchasing power protection. Our initial top picks are ONEOK Partners (NYSE: OKS), Tesoro Logistics (Nasdaq: TLLP), Crosstex Energy (Nasdaq: XTEX) and EV Energy Partners (Nasdaq: EVEP). These investments have several similarities; they all have exposure to positive NGL fundamentals driven by the booming liquids-rich supply basins and attractive total return prospects driven by high distribution growth expectations. We believe that growth is under-appreciated in the energy infrastructure MLP space and thus we have chosen to favor higher growth names, mostly at the expense of current yield, which tends to be inversely correlated with anticipated growth."
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