Energy
3 Top Energy MLPs Make the Cut for Analyst's Income List
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Lost in the shuffle of the now almost two-year energy debacle is that many investors for years have counted on bond proxy investments like energy master limited partnerships (MLPs) for income. While the price of oil has changed, the need for solid income flow, especially with interest rates at historic lows, has not changed.
A recent Stifel research report points out that the Alerian MLP index declined last week by 1%, and on a total return basis, year-to-date performance is still down. What this means for investors is there is still time to buy top MLPs that provide solid income streams. We chose three from the Stifel income list that make good sense for investors now.
Buckeye Partners
This top MLP is still trading way below levels printed in May of last year. Buckeye Partners L.P. (NYSE: BPL) owns and operates a diversified network of integrated assets providing midstream logistic solutions, primarily consisting of the transportation, storage and marketing of liquid petroleum products.
Buckeye is one of the largest independent liquid petroleum products pipeline operators in the United States in terms of volumes delivered, with approximately 6,000 miles of pipeline and more than 120 liquid petroleum products terminals with aggregate storage capacity of over 110 million barrels across its portfolio of pipelines, inland terminals and an integrated network of marine terminals.
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