Articles Posted in Master Limited Partnerships

The Drop In Oil Prices Could Lead To Losses For Midstream MLP Investors 

With oil and energy stocks continuing to fall – Saudi Arabia’s threat to globally distribute millions of barrels of crude oil in order to win the oil price war over the United States and Russia has only exacerbated these declines. Investors may be wondering – what does this mean for Midstream Master Limited Partnerships (MLPs)? 

At Shepherd Smith Edwards and Kantas (SSEK Law Firm), our MLP investment fraud lawyers work with investors that have sustained significant losses caused by fraud or negligence. 

Enbridge Inc. (ENB) has consolidated its acquisition of master limited partnership (MLP) operations in Texas by approving the acquisition of all outstanding Enbridge Energy Partners LP (EEP) public Class A common units, as well as all outstanding Enbridge Energy Management LLC (EEQ) public listed shares. Two deals had been earmarked with an over $3.5B value when news of their pending purchase became public knowledge a few months ago.

Both MLPs will no longer be traded on the New York Stock Exchange (NYSE). They will now become Enbridge subsidiaries.

News of the completed acquisitions came just days after Enbridge fulfilled its acquisition of Spectra Energy Partners, which is also an MLP based in Houston. In September, Enbridge announced it would acquire what was left of Enbridge Income Fund Holdings Inc. (ENF), which is based in Canada.

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