Boardwalk Pipeline Partners, LP (NYSE:BWP)

building out to a major shale area

Phew, for a minute there, I lost myself, I lost myself.

BWP offers a great yield more than twice what the S&P 500 is paying right now. It will have more challenging time raising future distributions, but its relatively new assets are positioned to generate predictable cash flows. In my opinion the stock is not expensive, and if natural gas prices don't plummet further and/or interest rates increase significantly, then BWP is a good addition to a diversified yield portfolio.

2013 predictions

Mike Olsen piggy back. If the dividend is for real (it appears to be) then its a great CAPS pick. Every year your starting base falls, and if the stock holds steady or rises then you rack up the green points. See SSW.

Cheap price. Smart backing and a tail wind coming from cheap natural gas make this a nice play.

Low natural gas prices will not in the short term lead to higher demand (Say's Law), but will over a longer time: > 1 year. So, BWP will maintain its demand and pricing, but not increase either for that time. However, good distribution will you wait. I'm waiting for a little better buy price.

0.7

Really like this MLP, actually. But I'm bullish on the market overall, and a very high dividend play like this should underperform in the Dow/S&P up 12-17% a year environment I envision.

Nice dividend and insider buying indicates some good quarters are coming up..

Decent PE for growth, strong dividend, continuing strong performance, especially if economic activity and oil prices climb again.

yield

Over 50% insider ownership, which seems unusual. Good solid dividend. Maybe buy a few shares?

love MLPs

pick source: dwot

2 outperforms and 1 underperform

an opportunity in energy right now to go long and as a hedge an opportunity to short corn commodity prices

long: CQP, BWP
short: CORN

New CEO Stan Horton was CEO of Enron Transportation Services Company. BWP is selling common stock to retire old notes and revolving credit and (Oh My!) they had a fire at one site. But still increased the dividend.

Nice dividend

(1) natural gas distributer is an industry of the future; (2) just recently raised its dividend; (3) steady income producer; (4) "buy" rating at thestreet.com. What's not to like, really?

Market Capitalization? $3.5B Dividend Yield? 4.50% Price to Earnings Growth? 1.9 EPS Growth (Projected Next Year)? 9.00%