Why Invest in MLPs
MLPs are a critical component to the energy supply chain. They have stable, strong cash flows and businesses with little economic sensitivity
- Why invest in MLP’s Today:Attractive valuations
- Above average yields and yield spreads
- Below average P/DCF and EV/EBITDA multiples
- Earnings strength / Stability
- MLP earnings did not decline in 2007/2009, therefore no earnings “recovery” is necessary to justify current prices
- High and growing dividends (defense and offense)
- High dividends provide protection in an uncertain market
- Growing dividends encourage upside price movement while providing a powerful inflation hedge
Why MLPs by Swank Energy Income Advisors