Move from Natural Gas to More Liquid Shale Creates Value for Selected High Yield MLPs: a Wall Street Transcript Interview with Daniel Katzenberg, Executive Director and Senior Analyst for Oppenheimer & Co.
67 WALL STREET, New York - March 22, 2013 - The Wall Street Transcript has just published its Oil & Gas: Master Limited Partnerships Report offering a timely review of the sector to serious investors and industry executives. This special feature contains expert industry commentary through in-depth interviews with public company CEOs, Equity Analysts and Money Managers. The full issue is available by calling (212) 952-7433 or via The Wall Street Transcript Online.
Topics covered: Increasing Demand for Midstream Assets - U.S. Energy Infrastructure Build Out - Emerging Shale Plays - Oil and Gas Transportation Infrastructure Demand - Master Limited Partnerships Distribution Growth - Outlook for Natural Gas Liquids - Low Treasury Yields and MLP Dividends
Companies include: SandRidge Energy, Inc. (SD), Plains All American Pipeline L (PAA), Breitburn Energy Partners LP (BBEP), Boardwalk Pipeline Partners, L (BWP), Enbridge Energy Partners LP (EEP), Kinder Morgan Energy Partners (KMP)
In the following excerpt from the Oil & Gas: Master Limited Partnerships Report, an expert analyst from Oppenheimer & Company discusses his outlook for the sector for investors:
TWST: You mentioned Plains All American (PAA). Would you talk about why you like that stock, as well as any other top investment picks?
Mr. Katzenberg: Plains is certainly a top pick. What really stands out for them is, first, they have very high leverage to oil and the liquids plays. They have a big footprint in the Permian basin in West Texas, which has been attracting more and more capital over the last year or so, and they're really poised to benefit from that growth. They also just recently announced a rail acquisition up in the Bakken, and I think as we go forward we'll see Plains benefiting from the ability to bring Bakken crude toward the East Coast, which is a trend I expect to see going forward.
Another midstream company that I think is attractive is Regency Energy Partners (RGP). This has historically been a natural gas company, but what's changed is they have a lot of organic growth projects coming out of the Eagle Ford shale, which are liquid focused. I think as these projects come online late this year and into early next year, it really starts to have a more attractive outlook.
On the upstream side, there are two names that I think are attractive...
For more of this interview and many others visit the Wall Street Transcript - a unique service for investors and industry researchers - providing fresh commentary and insight through verbatim interviews with CEOs, portfolio managers and research analysts. This special issue is available by calling (212) 952-7433 or via The Wall Street Transcript Online.