AMZG Is Now Trading On The NYSE; WPX To Form MLP To Expedite The Piceance Basin In Colorado

Link here.

Disclaimer: this is not an investment site; do not make any investment decisions based on what you read here or what you may have read here. 

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WPX will form a master limited partnership in 1H14 -- Zacks.

Independent oil & gas operator, WPX Energy Inc. has decided to form a master limited partnership (MLP) in the first half of 2014.

MLP as an investment vehicle is seeing a revival among independent oil & gas operators – worth mentioning here are names like Spectra Energy Corp. and Enbridge Inc. among others which have opted for such a structure.

An MLP enables operators to unlock true value of their natural resource holdings. In addition, an MLP also generates funds needed to develop assets.

After receiving the necessary permission to form an MLP, WPX Energy plans to issue common units representing limited partner units in the MLP. These units will hold working interests in mature, producing natural gas properties located in the Piceance Basin in Colorado. WPX Energy will initially contribute to the development of natural gas properties in the Piceance Basin and will then utilize the proceeds from the issue of the MLP units.

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I assume investors all have their favorite sites to access news of the companies they are interested in. What I find amazing is all the information that brokers provide easily, free-of-charge, and without logging in for some of the data (most of the data at some of these sites requires one to log in). Ameritrade is just one of many examples I assume. I've used Yahoo!Finance "forever" to get some of this data, but the new Yahoo!Finance layout has become more tedious, less user-friendly. I now prefer other sites similar to the linked site. It's particularly useful tracking dividend pay dates and following specific news.

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I've posted this video earlier, but I will post it again. It is amazing how mainstream it feels now and how avant-garde it was back "in the day." It is amazing how some of the songs are all "The Mamas and The Papas."

Surrealistic Pillow, Jefferson Pillow