The MLP model is being considered for oil-service and downstream ventures too, according to Sean M. Maher, a vice president at Morgan Stanley. "Beginning in 2006, we've seen E&P MLPs proliferate, a divergence to the upstream," he told Gas Processors Association members in Houston. "We're also seeing refining MLPs, a movement to the downstream, and there's a push to move them into the oil-service sector as well. For more on this, see the December issue of Oil and Gas Investor. For a subscription, call 713-260-6441.
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