MLP Protocol 110212

The long-awaited (at least from my perspective) MLP Protocol Sprint Portfolio is now “Live” on Covestor. The theory behind the Sprint Portfolio is using the MLP Protocol Analytics to pursue a higher risk, higher yielding, higher total return portfolio. The portfolio is funded with real money and the performance is third-party audited with third-party calculated risk and performance metrics, so a very interesting way to see performance (and if all the work for the MLP Protocol is worth the effort).

The Inception Date was only back on June 27, 2012 so not a huge amount of history but it is off to a decent start and it has performed well when compared to the other 17 portfolios on Covestor that are Yield Focused.

Key Adjustments from last week:

  • 81 MLPs/companies have announced 3rd quarter distributions/dividends, 44 (54%) have announced increases with a median increase of 2.4% quarter over quarter, 32 (40%) have announced flat distributions versus the second quarter and 5 (6%) have announced lower distributions (PDH, RNF, UAN as three  Variable Rate MLPs, NRGY and OXF).
  • Added Delek Logistics Partners, L.P. (“DKL”) to the Terminaling & Storage MLP segment after its successful IPO at $21 on November 1.
  • Added Southcross Energy Partners, L.P. (“SXE”) to the Gathering & Processing MLP segment after its successful IPO at $20 on November 1.
  • On November 1, GMLP has announced plans for a 4.3 million unit offering and a concurrent private placement of $46.5 million of common units to Golar LNG Limited. The proceeds are to fund part of the purchase of its previously announced acquisition of the Golar Grand. The offering is still subject to completion.

The MLP Protocol Monthly Analytics Report for November is now available.

MLP Protocol Weekly Snapshot report: MLPP 110212 Snapshot vFree

Article explaining the theories/logic behind the Valuation Coverage Ratio and the 3 Year Forward Yield / Valuation Coverage Ratio tools.

About Philip Trinder

President of MLP Protocol, investor, trader, and proponent of Master Limited Partnerships.
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