Monthly Archives: May 2013

MLP Protocol 052413

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

Posted in Weekly Updates | Tagged , , , , , , | 2 Comments

MLP Protocol 051713

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

Posted in Weekly Updates | Tagged , , , , , , ,

TEP MLP IPO Preview May 2013

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

Posted in MLP IPO Review, Roadshow Slides | Tagged , , , , , , , ,

MLP Protocol 051013

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

Posted in Weekly Updates | Tagged , , , , , , , ,

EMES MLP IPO Preview May 2013

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

Posted in MLP IPO Review, Roadshow Slides | Tagged , , , , , , ,

MLP Protocol 050313

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

Posted in Weekly Updates | Tagged , , , , , ,