Take a good look at a refinery — a giant chemistry set designed to distill the messy remains of ancient algae into fussy fuel fit for a Prius. Look at all the distillation towers and cooling towers, the cokers and the hydrotreaters, reaching for the sky. These monuments to our… Read More

In this issue: There’s really no mystery as to why refining stocks have done so well. Combine a glut of cheap domestic crude with stagnant refining capacity at home and growing demand abroad for fuel exports, and you have a recipe for huge windfalls. We survey the industry and… Read More

General partners endowed with lucrative incentive distribution rights have strongly outperformed the limited partnerships paying such incentives in recent years. We’re adding the two biggest and safest publicly traded GPs to our Growth Portfolio. Read More

Investors in MLPs must be aware that the general partner making all the decisions won’t necessarily act in their best interest, as the recent events at Inergy Midstream Partners demonstrate. Read More

Two longtime holdings that have invested heavily in growth have started proving all the doubters wrong in a big way. Read More

The recent rise in bond yields and declines in unit prices are unlikely to usher in a bear market in MLPs. Read More

The recent market correction represents a solid opportunity to add to holdings of the MLPs that have proven their value, and we've raised numerous targets in addition to upgrading two portfolio holdings back to Buy. But a couple of the names warrant caution. Read More