Table of Contents
Looking for key themes..................................................................... 3
Valuation and Risk............................................................................. 9
AmeriGas.......................................................................................... 14
Boardwalk Partners......................................................................... 15
Breitburn Energy Partners LP ......................................................... 16
Buckeye Pipeline Partners .............................................................. 17
Calumet Specialty Chemicals......................................................... 18
Enbridge Energy Partners ............................................................... 20
Energy Transfer Partners ................................................................ 21
Enterprise Product Partners ........................................................... 23
Kinder Morgan ................................................................................. 25
Magellan Midstream Partners ........................................................ 27
Nustar Energy .................................................................................. 29
Plains All American.......................................................................... 31
Teekay LNG...................................................................................... 33
Teekay Offshore............................................................................... 35
Performance..................................................................................... 36