Seeking Alpha: OCI Resources LP Not Really Cheap, But An Interesting MLP Nonetheless

MLPs have long offered a way for investors to generate tax-shielded income from underlying assets in various stages of the oil and gas industry - whether upstream E&P, midstream, or distribution. OCI Resources LP (OCIR) is a different sort of animal, though, as it is among a group of relatively rare MLPs based around mining and refining/processing assets - trona ore mining and soda ash production, to be specific. With its cost-advantaged position and long-lived asset base, OCI Resources LP should be able to generate years and years of distributable cash flow. The one hitch is that these units are not all that undervalued today, though a yield of over 8% is still appealing.

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OCI Resources LP Not Really Cheap, But An Interesting MLP Nonetheless

Investopedia: Like Utilities, Penn Virginia Is Switching To Gas

The Penn Virginia Resource Partners (NYSE:PVR) that you knew and loved is soon to be a very different company. With a large acquisition of a private midstream gas company, Penn Virginia is largely becoming a gas gathering and processing company that also happens to have coal assets. While this is a deal with solid rationale behind it, current investors may well be troubled by the dilution involved and the fact that company will move from its plans to be a balanced coal and midstream gas company to a gas-heavy partnership.

The Deal of the Day
Penn Virginia announced Tuesday morning that it is going to acquire privately-held Chief Gathering LLC for $1 billion. While the company says that $200 million of the price will be paid in equity and the remainder in cash, that's not really true. $580 million of the "cash" is coming from the sale of common units and new Class B units that ultimately convert into common units.

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