Crestwood Midstream Partners LP
With the recent downgrading of two major corporations – Crestwood Midstream Partners (NYSE: CMLP) and Bon-Ton Stores (NASDAQ: BONT)– by Moody’s (both companies were downgraded to Caa1, or, as defined by Moody’s, “rated as poor quality and very high credit risk,”) which one has potentially worse solvency issues? Which is at higher risk of default? Using three metrics to measure potential solvency issues, we can try to see which more »
In early May, two large master limited partnerships with extensive footprints in the booming North American shale gas industry agreed to a $7 billion merger that could have major implications for the entire sector. Kansas City-based Inergy (NYSE: NRGY) and Houston-based Crestwood Midstream Partners (NYSE: CMLP) look poised to tie the knot by the end of the third quarter of 2013. Although some shareholders who are unhappy with the proposed more »
Master limited partnerships (MLPs), particularly those related to the midstream oil and gas sector, have become a popular form of investment vehicle due to their distinctive structure, relatively high yield in a near-zero interest rate environment and unique tax benefits. However, some investors avoid MLPs due to their complex tax filing needs and instead prefer investing in exchange traded funds (ETFs) that are comprised of MLPs. This option has its more »
One alternative method of playing the onshore oil and gas boom in the United States is through investing in companies building out infrastructure needed by operators to gather, transport and process production from these fast growing plays.
The Utica Shale is an emerging oil and gas play in Ohio and Pennsylvania and has seen a surge of development over the last year as operators look for oil and more »