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As oil and gas production has boomed across the U.S., integrated energy companies have realized that there is a fair bit of money to be made by exploiting the master limited partnership structure ...
The oil giant’s high-yielding payout pales in comparison with its midstream arm. If You Think BP's 5.4% Dividend Yield Is Enticing, You Should Check Out Its MLP Skip to main content
Investors who seek fat dividends to pad their portfolios really like master limited partnerships, and nowadays it's en vogue for energy companies to spin off parts of their business into MLPs. For ...
In 1981, Apache Corporation formed the United States' first MLP, Apache Petroleum Company (APC). Apache’s success drew other oil and gas companies to the MLP structure. Real estate companies soon followed, and by the mid-1980s, MLPs became so popular that they were adopted in a variety of industries, such as restaurants, hotels and cable TV.
Alerian was founded in 2004 by Gabriel Hammond as an MLP asset manager. In 2005, Kenny Feng joined the company and headed the creation and launch of the Alerian MLP Index (NYSE: AMZ), the first real-time index of master limited partnerships (MLPs).The AMZ is now broadly considered to be the benchmark for the asset class.
According to the United States Department of State, it owns "83 petroleum products terminals, more than 9,000 miles of refined products pipeline, 800 miles of crude oil pipeline and a 1,100-mile ammonia pipeline system." [4] The company went public through an initial public offering in February 2006 with a listing on the New York Stock Exchange.
Here’s how a master limited partnership works, examples of MLPs and their pros and cons. Skip to main content. 24/7 Help. For premium support please call: 800-290-4726 more ways to reach us ...
With more than 5,400 stocks to choose from, the universe of investment possibilities is enormous, so looking for stocks based on what you already know and own might be a path to pursue. Motley ...