BP Midstream Partners LP IPO

Stock Talk

Vincent Lummus

Vincent Lummus

What are your thoughts on the upcoming IPO for BP Midstream Partners LP (BPMP)?

Robert Rapier

Robert Rapier

I think the climate going forward is going to be a lot better than when Shell IPO’d its midstream. I wrote a bit about this IPO last week: https://www.investingdaily.com/39912/bp-debuts-a-midstream-mlp

James W Crawley

James W Crawley

MIdstreams seems to be taking it on the chin. Is it time to double down on companies like EEP and ETP? One would think that the go ahead on the Dakota Access Pipeline would help push these stocks up.

Robert Rapier

Robert Rapier

James, I am shocked that completion of the Dakota Access Pipeline didn’t seem to impact the unit price, because it will improve distributable cash flow. I think these companies have just been caught in the overall sector downdraft. I would personally be inclined to pick up more shares, as I just don’t think these conditions can last.

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