Is Crestwood Equity Partners Stock a Buy
Crestwood Equity Partners (NYSE: CEQP) initially thought 2020 would be a banner year. The master limited partnership (MLP) was putting the final touches on a multiyear expansion program, which it expected would pay dividends in 2020 and beyond. Unfortunately, oil prices crashed early in the year, which torpedoed its grand plan. Because of that downturn, the MLP's units have shed about 35% of their value this year. That has pushed the yield on its distribution up to an eye-popping 12.5%.
Here's a look at whether the energy company has the fuel to make a comeback in 2021.
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Source Fool.com
