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To: Dennis Roth who wrote (153450)6/30/2011 7:47:56 AM
From: Dennis Roth3 Recommendations  Respond to of 206093
 
Citi's Take on MLPs
NGL Supply Chain Still Attractive
29 June 2011 ¦ 22 pages
citigroupgeo.com

EPD Frac VI Needed, Ethane Supply/Demand Remain in Balance

Recommendations — Margins, expansion opportunities, and returns on invested
capital remain attractive for MLPs with significant exposure to the NGL supply chain.
We expect 2Q:11 results for these particular MLPs to show substantial improvement
both sequentially and YoY, while consensus estimates are likely heading higher. Our
top recommendations with exposure to these fundamentals include: EPD, NGLS, OKS,
APL, DPM, WES, & CHKM



To: Dennis Roth who wrote (153450)7/7/2011 7:45:26 AM
From: Dennis Roth3 Recommendations  Read Replies (1) | Respond to of 206093
 
CS Take on MLPs
Weekly Analysis
Billions Need to Be Spent on US Midstream
24 pages, 41 exhibits
Download Link: sendspace.com

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FUNDamental Insights
CEF Highlights
5 July 2011 ¦ 28 pages
citigroupgeo.com

In this report, we aim to provide investors with a regular update and our latest views
of the closed-end fund (CEF) sector.