A new way to own oil and gas: Master limited partnerships
The master limited partnership is a new form of ownership that is gaining increasing recognition in the financial marketplace. This concept will play an important role in the energy industry over the next few years as a technique for a company to maximize the value of its underlying assets to current shareholders during a period in which value is not being fully recognized in the price of the company's common stock; utilize cash flow generated by the master partnership for investment in future exploration and development; raise outside capital for exploration activities, and utilize limited partnership units in property acquisitions. Master limitd partnerships are the newest way to own oil and gas assets. They offer many of the best qualities of drilling funds, income funds and common stocks. Master limited partnerships will continue to be formed by reorganizations and exchange offers and, with the blessing of the financial community, will become a familiar trading security.
- Research Organization:
- Dean Witter Reynolds, Inc., Energy Group, Investment Banking, Houston, Texas
- OSTI ID:
- 5227092
- Journal Information:
- World Oil; (United States), Journal Name: World Oil; (United States) Vol. 197:5; ISSN WOOIA
- Country of Publication:
- United States
- Language:
- English
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