MLP Protocol 060713

Key adjustments from last week:

  • FGP’s 3 Year Forward Distribution Growth assumption was improved to 0% as a result of the improved performance shown in its April 30 10-Q filed this past week.
  • Adjusted SMLP for Bison acquisition (Press Release). Company overview materials: (click to open) SMLP Bakken Marcellus Acquisitions 060513

Whenever there is a broad MLP sell off the highest risk MLPs will tend to experience the most unit price weakness and especially names that have unacceptable Distribution Coverage Ratios (so be aware of possible downside and relative underperformance from the names on the DCR Watchlist).

The MLP Protocol Monthly Analytics Report for June is now available, the July 2013 report will be available after June 28th.

MLP Protocol Weekly Snapshot report: (click to open) MLPP 060713 Snapshot vFree

About Philip Trinder

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