The 2015 edition National Association of Publicly Traded Partnerships’ MLP investor conference featured roughly the same number of attendees as the prior year, though the number of management teams available only for one-on-one meetings increased relative to previous years.
Seventy of the 87 master limited partnerships (MLP) slated to attend this year’s event were scheduled to deliver presentations.
This year’s conference included its fair share of excitement, with the National Association of Publicly Traded Partnerships changing its name to the Master Limited Partnership Association.
Foresight Energy Partners LP (NYSE: FELP) also canceled its presentation, probably because of the coal producer’s May 22 press release stating that its Deer Run Mine remains closed because of elevated levels of carbon monoxide.
The partnership continues to work with state and federal authorities to monitor the mine and, at this point, does not have an estimate for when the facility will resume operations. Thus far, the MLP has met all of its coal supply obligations by dipping into its inventories.
Plains All-American Pipeline LP (NYSE: PAA) also bowed out of its presentation because of a leaking pipeline in Santa Barbara, California. We shared our take on this situation in an Alert sent to subscribers on May 21.
Although we didn’t win the drawing for the rifle honoring the American oilman, we did leave the conference with a lot of information to digest and some new investment ideas that we shared in an exclusive report for Energy & Income Advisor subscribers.
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Here are some of our key takeaways from the conference, transcribed from our copious notes.