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Buckeye Partners, formerly known as the Buckeye Pipeline Company, is a distributor of petroleum in the East and Midwest areas of the United States. A direct descendant of Standard Oil , the company is considered one of the largest independent oil pipelines in the United States. [ 3 ]
In 1986, Penn Central created a master limited partnership to spin off Buckeye and hired Goldman Sachs & Co. to act as lead underwriter. The planned offering did not go well, and Goldman advised management that the placement would go better if Buckeye was split into its pipeline and propane components and sold separately.
Margins matter. The more Buckeye Partners (NYS: BPL) keeps of each buck it earns in revenue, the more money it has to invest in growth, fund new strategic plans, or (gasp!) distribute to shareholders.
The 10-second takeawayFor the quarter ended March 31 (Q1), Buckeye Partners beat expectations on revenues and whiffed on earnings per share. Compared How The Wheels Came Off Buckeye Partners' Bus
Buckeye Partners' 9% yield is pretty enticing, but is that enough to make it a better buy than Enterprise and its still notable 6% yield?
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The main effect of stock splits is an increase in the liquidity of a stock: [3] there are more buyers and sellers for 10 shares at $10 than 1 share at $100. Some companies avoid a stock split to obtain the opposite strategy: by refusing to split the stock and keeping the price high, they reduce trading volume.