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PBF Energy Inc. Message Board

  • sam_0534 sam_0534 Jul 29, 2013 5:50 PM Flag

    maybe an IPO here will be announced..

    The story points to a pair of recent successful initial public offerings. Units of Phillips 66 Partners LP (PSXP), an MLP formed to own some of energy conglomerate Phillips 66‘s (PSX) oil pipelines and other assets, yielded 3.7% at the IPO offer price last Monday and are already up 49% since the deal (although they’re down 4% Monday). Shares in power-plant operator NRG Yield Inc. (NYLD) paid a 5.5% yield at their IPO offer price two weeks ago are now up 32%. Meanwhile, in the past two weeks, Blackstone Group LP (BX) filed paperwork to take two of its real-estate businesses public in what are expected to be among the largest REIT IPOs in recent years. More from the story:

    Sentiment: Strong Buy

22.01-0.19(-0.86%)Aug 26 4:02 PMEDT