The first quarter of 2014 is coming to a close, and it was a slow one for MLP IPOs. The only MLP that debuted in the last three months was�Cypress Energy Partners�(NYSE: CELP), but there are several others in the pipeline. Here is how the IPO landscape looks as we end Q1.
Cypress debuted on Jan. 14 as the first MLP IPO of 2014. It sold 3,750,000 units at $20 per unit. CELP is a growth-oriented MLP providing saltwater disposal and other water and environmental services to US onshore oil and natural gas producers and trucking companies in North Dakota and west Texas. The partnership agreement calls for a minimum quarterly distribution of $0.3875 per unit for each whole quarter, or $1.55 per unit on an annualized basis. At Friday�� closing price of $21.87, that translates into an annualized yield of 7.1 percent.
The next IPO may be Enable Midstream Partners, which was formed in May 2013 as a joint venture by affiliates of CenterPoint Energy, OGE Energy and ArcLight Capital Partners. Enable Midstream Partners filed its S-1 with the Securities and Exchange Commission (SEC) back in November, and the offering had been expected in the first quarter of 2014. An�amended registration form�was filed on Friday.
Top 10 Medical Stocks To Own Right Now: Arch Coal Inc. (ACI)
Arch Coal, Inc. produces and sells thermal and metallurgical coal from surface and underground mines located in the United States. As of December 31, 2013, it operated or contracted out the operation of 22 mines, and owned or controlled approximately 5.3 billion tons of proven and probable recoverable reserves. The company also owned or controlled primarily through long-term leases approximately 32,135 acres of coal land in Ohio; 22,417 acres of coal land in Maryland; 46,532 acres of coal land in Virginia; 425,038 acres of coal land in West Virginia; 107,668 acres of coal land in Wyoming; 267,024 acres of coal land in Illinois; 19,428 acres of coal land in Montana; 21,802 acres of coal land in New Mexico; and 20,166 acres of coal land in Colorado, as well as coal land in Kentucky. In addition, it owned or controlled through long-term leases smaller parcels of property in Alabama, Indiana, Washington, Arkansas, California, Utah, and Texas. The company sells coal to power pl ants, steel mills, and industrial facilities. Arch Coal, Inc. was founded in 1969 and is headquartered in St. Louis, Missouri.
Advisors' Opinion:- [By Robert Rapier]
China dominates global coal production, producing 47% of the world�� coal in 2013 and consuming just over 50%. Even so, Chinese coal companies have not managed to escape the market carnage experienced by major US coal producers like Peabody Energy (NYSE: BTU) and Arch Coal (NYSE: ACI), which have seen their share prices decline by 80% and 90% respectively since early 2011. For instance, the stock of major Chinese coal producer Yanzhou Coal Mining (NYSE: YZC), has also dropped nearly 80% since 2011.
- [By James Brumley]
On the surface, the news that the Environmental Protection Agency is cracking down on carbon dioxide emissions seems like the beginning of the end for coal stocks like Peabody Energy (BTU), Walter Energy (WLT) and Arch Coal (ACI).
- [By Ben Levisohn]
If any sector needed a Republican victory to reverse its fortunes it was the coal miners, where stocks like Alpha Natural Resources (ANR), Walter Energy (WLT), Arch Coal (ACI) and Peabody Energy (BTU) have lost more than 45% so far this year.
5 Best Trucking Stocks To Watch Right Now: Eagle Bulk Shipping Inc.(EGLE)
Eagle Bulk Shipping Inc. engages in the ocean transportation of bulk cargoes in the dry bulk industry. The company primarily transports iron ore, coal, grain, cement, and fertilizer along worldwide shipping routes. As of December 31, 2009, it owned and operated a fleet of 27 oceangoing vessels with a combined carrying capacity of 1,412,535 deadweight tons. The company was founded in 2005 and is headquartered in New York, New York.
Advisors' Opinion:- [By Rebecca McClay]
And dry bulk shippers like FreeSeas Inc. (Nasdaq: FREE), Seanergy Maritime Holdings Corp. (Nasdaq: SHIP), and Eagle Bulk Shipping Inc. (Nasdaq: EGLE) are noting big gains today as shipping rates strengthen. FREE is up 8%, SHIP is up 13%, and EGLE is up 7% as capesize shipping rates increased overnight by about 10%, exceeding $20,000 for the first time since January 2012.
5 Best Trucking Stocks To Watch Right Now: FuelCell Energy Inc.(FCEL)
FuelCell Energy, Inc., together with its subsidiaries, engages in the development, manufacturing, and sale of high temperature fuel cells for clean electric power generation primarily in South Korea, the United States, Germany, Canada, and Japan. The company offers proprietary carbonate Direct FuelCell Power Plants that electrochemically produce electricity from hydrocarbon fuels, such as natural gas and biogas. Its fuel cells operate on a range of hydrocarbon fuels, including natural gas, renewable biogas, propane, methanol, coal gas, and coal mine methane. The company also develops carbonate fuel cells, planar solid oxide fuel cell technology, and other fuel cell technologies. It provides its products to universities; manufacturers; mission critical institutions, such as correction facilities and government installations; hotels; and natural gas letdown stations, as well as to customers who use renewable biogas for fuel, including municipal water treatment facilities, br eweries, and food processors. The company was founded in 1969 and is headquartered in Danbury, Connecticut.
Advisors' Opinion:- [By Dan Burrows]
Like fellow fuel-cell stocks Ballard Power Systems (BLDP) and FuelCell Energy (FCEL), PLUG stock trades wildly from headline to headline. The volatility alone makes Plug Power too risky because it’s far too easy to buy high.
5 Best Trucking Stocks To Watch Right Now: First Merchants Corporation(FRME)
First Merchants Corporation, a financial holding company, provides financial and banking products and services. Its deposit products include demand deposits, savings deposits, and certificates and other time deposits. The company?s loan products portfolio comprises commercial and industrial loans; agricultural production financing and other loans to farmers; real estate loans, including construction, commercial and farmland, and residential loans; individuals? loans for household and other personal expenditures; tax-exempt loans; lease financing; consumer loans; and other loans. It also rents safe deposit facilities; and provides personal and corporate trust services, brokerage services, and other corporate services, as well as letters of credit and repurchase agreements. The company operates through 79 banking locations in 23 Indiana and 2 Ohio counties, as well as through ATMs, check cards, interactive voice response systems, and Internet technology. In addition, First Merchants Corporation operates as a property, casualty, personal lines, and employee benefit insurance agency; and involves in life reinsurance business. The company was founded in 1893 and is headquartered in Muncie, Indiana.
Advisors' Opinion:- [By Tim Melvin]
We are starting to see bank merger activity accelerate as banks like Huntington Bancorp (HBAN) and� First Merchants (FRME) looking to expand and growth their asset base in the aftermath of the credit crisis. Banks with below-average capital and returns could quickly become buyout targets.
- [By Sean Williams]
For this week's round of "Better Know a Stock," I'm going to take a closer look at First Merchants (NASDAQ: FRME ) .
What First Merchants does
First Merchants is a financial holding company that provides community and commercial banking services primarily throughout Indiana, but also in Ohio. As of the first-quarter, First Merchants had $4.3 billion in total assets with total loans outstanding equaling $2.9 billion. - [By Tim Melvin]
The year ahead should be a great one for the smaller bank stocks. Larger regionals like Huntington Bancorp (HBAN) and Capital Ban Financial (CBF) have made it clear they intend to grow by acquisition in the years ahead. Banks like First Merit (FMER) and First Merchants (FRME) have done deals in the past year and are open to doing more to increase their market share and footprints. This should be the year the floodgates open and we see the first wave of merger activity in small banks.
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