2/27/17: Spring in Our Step (SPP, GMLP, HMLP)

By Igor Greenwald • February 27, 2017

MLP Profits Portfolio Update

Golar LNG Partners (NASDAQ: GMLP) added to Aggressive Portfolio; buy below $27

Hoegh LNG Partners (NYSE: HMLP) added to Aggressive Portfolio; buy below $22

Sanchez Production Partners (NYSE: SPP) added to Aggressive Portfolio; buy below $17

Fore more information, please see the February issue.

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Doug Hayes

03/01/17 ‐ 9:08pm ET March 1, 2017 at 9:08pm ET

Igor: Why did PAGP go up from 16 to 33 in one day in November? Any particular event?

Igor Greenwald

03/06/17 ‐ 11:18am ET March 6, 2017 at 11:18am ET

Yes, there was a reverse split to adjust the price of PAGP stock such that one share now represents indirect ownership of one PAA unit. Only difference between the two now is in the tax treatment: PAA is an MLP while PAGP is a dividend-paying corporation. But PAGP has a large tax shield so its distributions will be a return of capital, yet it remains suitable for investment funds and IRA accounts. Hence the slight premium over PAA (was much wider last year).

John Arnold

03/06/17 ‐ 3:11pm ET March 6, 2017 at 3:11pm ET

I own etp would it be a mistate to buy sxl since they are going to merge

Igor Greenwald

03/10/17 ‐ 9:28am ET March 10, 2017 at 9:28am ET

They’re effectively price-linked by the merger terms so it wouldn’t be a mistake so much as simply adding to your position…

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