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Strategies & Market Trends : Dividend investing for retirement

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From: E_K_S	11/1/2014 3:05:18 PM
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Midcoast Energy Partners, L.P. (MEP): started small position - 8.36% distribution yield Company reported Q3 revenues and raised their distribution. CEO talked in conference call that future growth may slow but depended on EEP (the GP) to drop down assets at a "fair" prices. Investors herd that to be a code word for a secondary and and dilution. I think stock over reated. This MLP is 100% NG w/ Midstream gathering and processing and some pipeline assets too. Midcoast Energy Partners, L.P., (MEP), an Enbridge company, is a growth-oriented limited partnership recently formed by Enbridge Energy Partners, L.P., (EEP) to serve as EEP’s primary vehicle for owning and growing its natural gas and natural gas liquids (NGL) midstream business in the U.S. I also have owned shares in the GP, Enbridge Energy Partners, L.P. (EEP) and have done well w/ them. This stock IPO'ed 11/6/2013 at $18.00/share Midcoast Energy Partners, L.P. Announces Pricing of Initial Public Offering of 18,500,000 Class A Common Units ----------------------------------------------------------------- At $15.00/share or lower would represent an 18% discount from the initial IPO and a distribution yield of 8.6%. I started a small position Friday at $15.47/share and have Buys in for more at/or below $15.00/share. EKS

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