Global Partners: Niche in Northeast Downstream with Solid Upside

A Boston presenter likes Global Partners' (NYSE: GLP, $22.29) established position in the Northeast downstream market. This MLP has a network of terminals covering most of New England, New York, New Jersey and Pennsylvania. GLP, led by a highly experienced management team, has been expanding and upgrading its existing assets ,and acquiring new facilities. The company has just completed an offering to pay down its long-term debt. GLP stands to benefit from the shakeup in the space. The company can quickly ramp up its operations with majors getting rid of their downstream assets. The 8.7% yield should appeal to prospective investors.