3 New Partnerships Priced – 1 Trading

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The new partnerships we highlighted last Sunday have all priced and 1 (Westlake Chemical Partners LP – ticker:WLKP) has been trading for 2 days. Westlake Chemical Partners LP priced Monday night at $24/unit, but opened trading on Wednesday at $30 before moving over $31 Thursday before dropping back a few cents today.  Obviously at this pricing we have no interest as the promised distribution is only 3.6%.  Further details are here.


VTTI Energy Partners LP has price tonight at $21/unit. VTTI will own crude oil and refined product terminals around the world. This should begin trading on Friday.  Minimum initial distribution is slated at .2625/unit for a 5% yield.  Further details of the issue are here.



Transocean Partners LLC priced tonight at $22–and should trade Friday–if we have the chance we may purchase some of this deep water driller as it comes with a minimum distribution 6.6%.  Additionally we believe this issue has the best long term growth prospects of these 3 issues. Further details are here

Tim McPartland

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Tim McPartland
Tim McPartland is a private investor with over 45 years of investing experience. His analysis, research and writing is devoted to the hunt for income producing securities of all types, but in particular specializing in preferred stocks, exchange traded debt and Master Limited Partnerships.
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