Monthly Archives: May 2013

MLP Protocol 052413

Posted on May 27, 2013 by Philip Trinder

Key adjustments from last week: UAN’s 12 million unit offering (13.8 million with the over-allotment) announced on May 21 was secondary units being sold by a subsidiary of CVR Energy, Inc. (CVI) so UAN did not receive any proceeds from the … Continue reading →

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MLP Protocol 051713

Posted on May 18, 2013 by Philip Trinder

Key adjustments from last week: Added Tallgrass Energy Partners, LP (TEP) to the Natural Gas & NGL Pipeline segment after its successful IPO at $21.50 on May 13. Adjusted WES for a 6.1 million common unit offering at $61.18 on May … Continue reading →

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TEP MLP IPO Preview May 2013

Posted on May 13, 2013 by Philip Trinder

Tallgrass Energy Partners, LP (ticker TEP) is currently out on its IPO roadshow and looking to raise $287 million by selling 13.05 million common units (before the over-allotment) at a mid-point price of $22 with an indicated mid-point yield of 5.2%. … Continue reading →

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MLP Protocol 051013

Posted on May 11, 2013 by Philip Trinder

Key adjustments from last week: On May 6, CMLP announced plans to merge with NRGY and NRGM to create a fully integrated midstream partnership with a total enterprise value of approximately $7 billion (Press Release). On May 7, PSE announced that it received … Continue reading →

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EMES MLP IPO Preview May 2013

Posted on May 6, 2013 by Philip Trinder

Emerge Energy Services, LP (ticker EMES) is currently out on its IPO roadshow and looking to raise $150 million by selling 7.5 million common units at a mid-point price of $20 with an indicated mid-point yield of 14%. The distributions will … Continue reading →

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MLP Protocol 050313

Posted on May 5, 2013 by Philip Trinder

Key adjustments from last week: Adjusted KMP for the closing of the CPNO acquisition on April 30. NTI’s equity offering on May 1 was secondary units being sold by Insiders so the company did not receive any of the proceeds. The … Continue reading →

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