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Gold/Mining/Energy : Big Dog's Boom Boom Room

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evestor
LoneClone
To: Dennis Roth who wrote (182326)3/31/2014 3:16:07 AM
From: Dennis Roth2 Recommendations  Read Replies (5) of 206148
 
Master Limited Partnerships
Assuming Coverage of MLPs; Portfolio Manager Summary
28 March 2014 ¦ 15 pages ir.citi.com

We are assuming coverage of 50 Master Limited Partnerships (MLPs) and
midstream companies. The consolidation of these stocks and MLPs with our
existing coverage of the refiners and pipelines encompasses almost the entire
hydrocarbon midstream and downstream industries. With the assumption of
coverage, we are upgrading the following companies: Tallgrass
Energy Partners (TEP) from Neutral to Buy, El Paso Pipeline Partners (EPB) from
Neutral to Buy, Niska Gas Storage (NKA) from Sell to Neutral, TC Pipelines (TCP)
from Sell to Neutral. We are downgrading the following companies: Genesis Energy
(GEL) from Buy to Neutral and Rose Rock Midstream (RRMS) from Buy to Neutral.

Recommendations
— Based on our analysis of the fundamental and
macroeconomic drivers in the midstream and downstream industries, we have five
core recommendations: 1) Williams Energy Partners (WPZ); 2) Cheniere Energy
Partners (CQP); 3) Enterprise Product Partners (EPD); 4) Northern Tier Energy
Partners (NTI); and 5) Boardwalk Partners (BWP). Each security has exposure to
varying themes from oil and natural production growth to LNG and NGL exports.
BWP is a special situations story.
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