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Baron Funds Comments on MPLX LP

February 20, 2013 | About:
Holly LaFon

Holly LaFon

276 followers
We started new positions in MPLX LP (MPLX), a growth master limited partnership, recently formed by Marathon Petroleum to own and operate midstream assets.We own a handful of MLPs (Targa Resources Corp., Susser Petroleum Partners LP, Golar LNG Partners L.P.) and favor those with stable businesses and strong growth potential and believe MPLX fits the bill and should be able to expand earnings and dividends by over 20% per year for the foreseeable future.

From Baron Funds' fourth quarter commentary.


Rating: 5.0/5 (1 vote)

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