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Author Topic: Best-Performing Fund Manager Sees U.S. Pipeline Growth Back to Topics
WxVette

Rookie Author
Omaha

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Message Posted: Dec 5, 2012 7:50:07 AM

Kevin McCarthy, the world’s best- performing energy fund manager in the past year, stared at the tangle of tax-exempt partnerships and corporate parents that drive the U.S. oil and gas pipeline business and kept his cool.

That was in 2010, when the Kayne Anderson Capital Partners LP manager in Houston said he found a way to profit from the mess: He realized the most undervalued of the bunch were the companies managing the partnerships, the so-called general partners, especially since they were positioned to earn escalating shares of cash flow as pipeline assets expanded.

McCarthy’s Midstream/Energy Fund Inc. (KMF) made 31 percent in the last 12 months, the best return of 259 energy funds with more than $100 million worldwide, data compiled by Bloomberg show. His top investments are
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REPLIES (newest first) Post a Reply
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Gas_Eyes
Champion Author Dallas

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Message Posted: Dec 7, 2012 8:24:22 AM

What is the expense ratio?
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DanMtz
Champion Author Oakland

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Message Posted: Dec 6, 2012 7:50:51 PM

31% sounds pretty good to me.
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MAC48
Champion Author Dallas

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Message Posted: Dec 6, 2012 5:22:38 AM

Very interesting article is it not. Kind of make one want to put a few dollars into a mutual fund or ETFs that invest in pipeline companies does it not. If one is luck enough to have a 401k that allows a piece of the 401k balance to be "self directed", then this is an investment area one just might want to look into.

When one considers that there is a shortage of pipeline capacity in the US and Canada today to carry Alberta crude, North Dakota Bakken shale crude, Texas Eagle Ford shale crude & natural gas and the Marcellus natural gas production to market, it makes pipeline companies just that much more attractive.
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iFueler
Champion Author Durham

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Message Posted: Dec 6, 2012 1:53:20 AM

In great part will depend upon Obama decision
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lesndave
Champion Author Texas

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Message Posted: Dec 6, 2012 12:03:39 AM

K
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mike56MI
Champion Author Michigan

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Message Posted: Dec 5, 2012 5:48:36 PM

OK
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Zeke33
Champion Author New Hampshire

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Message Posted: Dec 5, 2012 4:31:11 PM

Not unless Obummer changes his mind. I see things getting worse.
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teenitup
Champion Author Houston

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Message Posted: Dec 5, 2012 3:23:16 PM

We need it.
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hmw10284
Champion Author California

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Message Posted: Dec 5, 2012 3:15:47 PM

pipelines are the safest way to move volitile liquids
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darkform
Veteran Author Illinois

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Message Posted: Dec 5, 2012 11:02:44 AM

I'll go out and make a few moves... mil here, a mil there... Then I will have enough money to invest in this.
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humblepie
Champion Author Toledo

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Message Posted: Dec 5, 2012 10:21:13 AM

pipeline stocks have always been a good investment
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fuel2use
Champion Author Seattle

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Message Posted: Dec 5, 2012 9:45:01 AM

Infrastructure.
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angel4me
Champion Author San Jose

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Message Posted: Dec 5, 2012 9:43:13 AM

on the bandwagon.........
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BurntOrange
Champion Author Austin

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Message Posted: Dec 5, 2012 9:30:58 AM

Pipeline speculator tips.
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highdesertman
Champion Author Albuquerque

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Message Posted: Dec 5, 2012 9:28:48 AM

Basic rule: Never invest in something that you don't understand. And boy, do I not understand this one!
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bsnort
Champion Author Huntsville

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Message Posted: Dec 5, 2012 9:03:46 AM

one of few possible places to make money in the foreseeable future, assuming obama and epa don't completely ban fossil fuels in the next four years.
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fjkcpa
Champion Author Houston

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Message Posted: Dec 5, 2012 8:58:09 AM

Up! Up! and Away!
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cdrrod
Champion Author Wisconsin

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Message Posted: Dec 5, 2012 8:48:21 AM

Only way to grow & go!
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merlinCO
Champion Author Colorado

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Message Posted: Dec 5, 2012 8:47:46 AM

Get the speculators out of the market.
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Eagle3236
Champion Author Missouri

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Message Posted: Dec 5, 2012 8:43:10 AM

Yes, there is much money to be made with these pipelines. Now, let's get the Keystone Pipeline built. Also a pipeline to move the oil from North Dakota to the refineries would be a good investment.
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Gas_Eyes
Champion Author Dallas

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Message Posted: Dec 5, 2012 8:41:17 AM

These funds pay a good dividend.
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amoshins
Champion Author Trenton

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Message Posted: Dec 5, 2012 8:36:31 AM

How dependent is this pipeline growth on tax incentives?
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dm9667_23
Champion Author Pennsylvania

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Message Posted: Dec 5, 2012 8:28:35 AM

ok
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skempton
Champion Author Vermont

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Message Posted: Dec 5, 2012 8:23:42 AM

Speculators driving up prices.
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AVKZ
Champion Author Kalamazoo

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Message Posted: Dec 5, 2012 8:15:50 AM

Who will maintain all these pipes?
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Hawg1408
All-Star Author Alberta

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Message Posted: Dec 5, 2012 8:15:12 AM

Interesting
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lcleveland
Champion Author San Antonio

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Message Posted: Dec 5, 2012 8:05:06 AM

ok
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Joeski1
Champion Author New Jersey

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Message Posted: Dec 5, 2012 7:57:47 AM

pipelines everywhere....

ever see a map of all the pipelnes that cross the US...

it looks like the airplane tracker or CNN...

how many freaking pipelines do they need??

wish they'd maintain the ones they have already..
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1momsunshine
Champion Author Ottawa

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Message Posted: Dec 5, 2012 7:53:33 AM

interesting
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Yooperheart
Champion Author Michigan

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Message Posted: Dec 5, 2012 7:51:06 AM

Of course, more speculation.
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