Monthly Archives: December 2013

MLP Protocol 122713

Posted on December 29, 2013 by Philip Trinder

Key Adjustments: Pioneer Southwest Energy Partners (PSE) is no longer in the Upstream MLP segment after completing its merger into Pioneer Natural Resources Company (PXD) on December 17. This week’s Free Version of the Weekly Snapshot includes a free copy … Continue reading →

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Short Interest Trends for the Kinder Morgan Group 122713

Posted on December 27, 2013 by Philip Trinder

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 122013

Posted on December 21, 2013 by Philip Trinder

Key Adjustments: Adjusted SunCoke Energy Partners (SXCP) for its 2014 guidance (Presentation). Adjusted MarkWest Energy Partners (MWE) for its 4.75 million common unit offering on December 17 at an estimated price of  $63.40 (3% discount to prior close), 0.25 million … Continue reading →

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MLP Protocol 121313

Posted on December 14, 2013 by Philip Trinder

Key Adjustments: Added Valero Energy Partners LP (VLP) to the Crude and Refined Products segment after its successful IPO at $23 per unit on December 10. VLP priced 15% above the mid-point of price talk with an initial indicated yield … Continue reading →

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Short Interest Trends for the Kinder Morgan Group 121213

Posted on December 12, 2013 by Philip Trinder

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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CQH IPO Preview Dec 2013

Posted on December 11, 2013 by Philip Trinder

Cheniere Energy Partners LP Holdings, LLC (ticker CQH) is currently out on its IPO roadshow and looking to raise $600 million by selling 30 million shares (before the over-allotment) at a mid-point price of $20. They expect to price the deal Thursday December 12. … Continue reading →

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VLP IPO Preview Dec 2013

Posted on December 9, 2013 by Philip Trinder

Valero Energy Partners, LP (ticker VLP) is currently out on its IPO roadshow and looking to raise $300 million by selling 15 million common units (before the over-allotment) at a mid-point price of $20 with an indicated mid-point yield of 4.25%. They … Continue reading →

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MLP Protocol 120613

Posted on December 7, 2013 by Philip Trinder

Key Adjustments: Adjusted NGL for closing of its Gavilon acquisition. (Press Release) Adjusted Western Gas Partners (WES) for a 4.5 million common unit offering at $61.51 on December 2 (3% discount to prior close). Adjusted Seadrill Partners (SDLP) for its share of … Continue reading →

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MLP Protocol 112913

Posted on December 1, 2013 by Philip Trinder

Key Adjustments: Reworked and enhanced the MLP segment peer group sections in the full monthly report and reworked numerous other pages. Due to the additional pages added in the peer group sections some other pages were removed to try and keep overall … Continue reading →

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