Oppenheimer Initiates Coverage On A Variety Of MLP's (BWP, EEP, EPB, EPD, ETP, MMP, OKS, PAA, RGNC, SEP)

Oppenheimer & Co. is initiating coverage on the master limited partnership (

) sector. In the report, Oppenheimer covers Boardwalk Pipeline Partners

, Enbridge Energy Partners

, El Paso Pipeline Partners

, Enterprise Products Partners

, Energy Transfer Partners

, Magellan Midstream Partners

, ONEOK Partners

, Plains All American Pipeline

, Regency Energy Partners

, and Spectra Energy Partners

. It lists EPB, EPD, MMP, OKS, PAA and RGNC at Outperform and the others at Perform. Oppenheimer says about ONEOK Partners, "We are initiating coverage of ONEOK Partners, a midstream natural gas company, with an Outperform & $80 tgt. We believe that natural gas will gain share as a fuel source due to its abundance and clean-burning nature & OKS has a very attractive set of organic growth projects focused on Bakken NGL infrastructure. Bottom Line: We initiate with an Outperform as growth should come from the development of Bakken infrastructure." Shares of Oneok are down 66 cents to $68.74 today.