Monthly Archives: October 2013

ARCX IPO Preview Nov 2013

Arc Logistics Partners, LP (ticker ARCX) is currently out on its IPO roadshow and looking to raise $120 million by selling 6 million common units (before the over-allotment) at a mid-point price of $20 with an indicated mid-point yield of 7.75%. … Continue reading

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MLP Protocol 102513

Key Adjustments: Adjusted Crestwood Midstream Partners (CMLP) for the 14 million common unit offering at $21.19 on October 21 (5.2% discount to pre-announcement closing price on October 17). Added Sprague Resources (SRLP) to the Downstream & Marketing MLP segment after … Continue reading

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Short Interest Trends for the Kinder Morgan Group 102513

Below please find an update on the total number of shares and units sold short across the four Kinder Morgan entities (as an indicator of how much traction Hedgeye’s short thesis is achieving in the market place). The following chart shows … Continue reading

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SRLP IPO Preview Oct 2013

Sprague Resources, LP (ticker SRLP) is currently out on its IPO roadshow and looking to raise $170 million by selling 8.5 million common units (before the over-allotment) at a mid-point price of $20 with an indicated mid-point yield of 8.25%. They … Continue reading

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Short Interest Trends for the Kinder Morgan Group 102113

Below please find an update on the total number of shares and units sold short across the four Kinder Morgan entities (as an indicator of how much traction Hedgeye’s short thesis is achieving in the market place). The following chart shows … Continue reading

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MLP Protocol 101813

Key Adjustments: Added Plains GP Holdings (PAGP) to the General Partner segment after its IPO at $22 on October 15. I remain surprised by the reception of the PAGP IPO, perhaps the total deal size of near $3 Billion was so large that … Continue reading

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PAGP IPO Preview Oct 2013

Plains GP Holdings, L.P. (ticker PAGP) is currently out on its IPO roadshow and looking to raise $3.0 billion by selling 128 million common units (before the over-allotment) at a mid-point price of $23.50 with an indicated mid-point yield of ~2.5%. … Continue reading

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