Monday, March 18, 2019

TheStreet: Magellan Midstream Partners Is Worth Buying Again Now

By SIMON CONSTABLE

Smart investors know to be brave when others are wary.

A case in point is Magellan Midstream Partners LP (MMP) , which still hasn't recovered from the 2016 oil market rout. The company, which is a master limited partnership (MLP), makes money from charging oil drillers and others to move crude and refined products, such as gasoline, through its pipeline network. In many ways, the firm is like a toll taker.

Investors should consider buying the stock because it is inexpensive, offers a historically high dividend yield and there's a chance that the company's earnings will get a boost later this year. Read more
 here.

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