2/2 © Reuters. FILE PHOTO: Shoppers enter and leave the J.C. Penney department store in North Riverside 2/2 By Mike Spector and Jessica DiNapoli NEW YORK (Reuters) – Private equity firm Sycamore Partners is in preliminary talks to acquire J.C. Penney Co Inc (N:) out of bankruptcy should the U.S.Read More →
Last year, I covered the apparent strong value opportunity in the chemical company Westlake Chemical Corp. (WLK). Since the company generates a large portion of its revenue from PVC sales to the construction industry and housing starts are finally beginning to rise into full gear, Westlake’s revenue is likely toRead More →
Introduction Back in May 2016 I wrote a first piece about Global Partners LP, and looking back at it now it feels rather amateurish. But much about the business has changed since I wrote that article (Intriguing 13%-Yielding Gasoline Distribution LP), so I think an update is in order. IRead More →
This article is part of a series that provides an ongoing analysis of the changes made to Wallace Weitz’s 13F portfolio on a quarterly basis. It is based on Weitz’s regulatory 13F Form filed on 11/13/2019. Please visit our Tracking Wallace Weitz’s Weitz Investment Management Portfolio article for an ideaRead More →
One of the grand daddies of the midstream energy industry, Enterprise Products Partners (EPD), is one of the largest market cap firms in that space. Analysts and the financial media have often pointed to EPD as one of the best-managed midstream companies, but over the past few years, Mr. MarketRead More →
On Monday, October 29, 2019, midstream infrastructure giant Enterprise Products Partners (EPD) announced its third-quarter 2019 earnings results. At first glance, these results were quite disappointing as the company failed to meet the expectations of its analysts on either the top line or the bottom line. However, a closer lookRead More →
Hess Midstream Partners LP (HESM) is much smaller and less diversified than some of the leading midstream MLPs but it is quickly expanding its footprint in the Bakken shale play. The Houston, Texas-based Hess Midstream has recently announced an acquisition and it’s ramping up its natural gas processing capacity. IRead More →
I am excited about Suburban Propane Partners (SPH). The company focuses on paying down debt, as well as expanding operations through acquisitions. Moreover, these acquisitions have been funded mostly through internally-generated cash. The operational performance is reliable, and I have no concerns about the debt level. I think that theRead More →
I recently wrote an article on Energy Transfer (ET) and Enterprise Products Partners (EPD) after both companies reported Q2 earnings. I received several messages in my inbox asking if I preferred ET to EPD, or vice versa. As a shareholder of both companies I never really stopped to think aboutRead More →
Alliance Resource Partners L.P. (NASDAQ:ARLP) Q2 2019 Results Conference Call July 25, 2019 11:00 AM ET Company Participants Joseph Craft – President and Chief Executive Officer Brian Cantrell – Senior Vice President and Chief Financial Officer Conference Call Participants Mark Levin – Seaport Global Daniel Scott – Clarksons Platou SecuritiesRead More →
NOA’s Short and Long-Term Drivers Are Keeping Busy North American Energy Partners (NOA) provides mining and heavy construction services to the energy and industrial construction customers, primarily within Western Canada. The robust long-term drivers and the improving short-term drivers make a strong case to add the stock to your portfolio.Read More →
On Thursday, May 16, 2019, natural gas-focused midstream partnership Enable Midstream Partners, LP (ENBL) gave a presentation at the MLP & Energy Infrastructure Conference. As is usually the case for presentations of this type, the company spent a considerable amount of time discussing its position in the midstream industry asRead More →
On Tuesday, April 30, 2019, midsized midstream partnership Crestwood Equity Partners (CEQP) announced its first-quarter 2019 earnings results. At first glance, these results were rather disappointing, as the company failed to meet the expectations of its analysts on either the top or bottom line. However, a closer look at theRead More →
Farmland Partners Inc. (FPI) has been an interesting company to follow. The writing was on the wall back in 2017, when it was clear that FPI was going to be unable to keep up with their only other peer in the sector, Gladstone Land (LAND). Two years later, FPI hasRead More →
© Reuters. FILE PHOTO: Guido Kerkhoff, CEO of steelmaker Thyssenkrupp AG, gestures during the annual shareholders meeting in Bochum FRANKFURT (Reuters) – Thyssenkrupp (DE:) will still seek partners for its steel operations after abandoning a European merger with India’s Tata Steel, Chief Executive Guido Kerkhoff said in comments published onRead More →
After my last article on midstream oil and gas companies, many of you reached out to me about what I actually own in the space. I have owned Magellan Midstream Partners (MMP) for the last couple of years, and due to some recent underperformance, I have been a significant buyerRead More →
Oasis Midstream Partners LP (NYSE:OMP) Q1 2019 Earnings Conference Call May 8, 2019 12:30 PM ET Company Participants Richard Robuck – Chief Financial Officer Taylor Reid – Chief Executive Officer Michael Lou – President Conference Call Participants Rahul Krotthapalli – JPMorgan Chase & Co. Mirek Zak – Citigroup Praneeth SatishRead More →
Artisan Partners Asset Management (NYSE:APAM) Q1 2019 Earnings Conference Call May 1, 2019 11:00 AM ET Company Participants Makela Taphorn – Director, Investor Relations Eric Colson – Chairman and Chief Executive Officer C.J. Daley – Chief Financial Officer Conference Call Participants Kenneth Lee – RBC Capital Markets Alex Blostein –Read More →
A few months ago, I discussed my decision to sell Macquarie Infrastructure Corp. (MIC) and Enbridge (ENB) in favor of Buckeye Partners (BPL) primarily due to my belief that BPL was opportunistically undervalued given its failure to participate fully in the January rally that MIC and ENB had both partakenRead More →
Blueknight Energy Partners, L.P. (NASDAQ:BKEP) Q4 2018 Results Earnings Conference Call March 12, 2019 11:00 AM ET Company Participants Mark Hurley – CEO James Griffin – Chief Accounting Officer Conference Call Participants TJ Schultz – RBC Capital Josh Golden – JPMorgan Jeff Bailey – Beach Capital Jim Jenkins – KevinRead More →
Navios Maritime Partners (NMM) generated enough operating cash flow to cover their 2¢ per quarter distribution more than four times over last quarter. An 8.8% distribution yield covered more than 4x is extremely attractive (DCF yield = 36%). As are shares trading at less than 1/3 estimated NAV value (sharesRead More →
Looking for growth in the high yield midstream space? You may want to take a look at Delek Logistics Partners LP (DKL), the yieldco arm of Delek US (DK). DKL has acquired dropdown assets from DK over the past several quarters, which has created strong quarterly year-over-year growth. Q4 2018Read More →
I love dividend hikes. I like it even better when a company promises to hike its dividend for several years into the future. Case in point: Brookfield Infrastructure Partners L.P. (NYSE:BIP). Earlier this month, the infrastructure company not only boosted its distribution seven percent – its tenth consecutive annual increaseRead More →
© Reuters. FILE PHOTO: French High Speed Train (TGV) made by French train maker Alstom stops next to a German High Speed Train (ICE) made by Siemens at Munich’s railway station By Foo Yun Chee BRUSSELS (Reuters) – As Siemens and Alstom (PA:) face EU rejection of their plan toRead More →
© Reuters. LJM Partners sues unnamed ‘manipulators’ it blames for volatility losses By Trevor Hunnicutt NEW YORK (Reuters) – LJM Partners Ltd on Friday filed a lawsuit against unnamed parties it holds responsible for hundreds of millions of dollars it lost after last year’s jump in stock market volatility thatRead More →
