Deep Dive: Invesco fund manager says energy pipelines, up 42% in a year, have more room to run

U.S. energy pipeline partnerships have staged a remarkable comeback over the past 12 months on expectations that recovering oil prices will feed a massive increase in shale production.

The pipeline operators, also known as master limited partnerships, or MLPs, may have more room to run, as long as oil prices per barrel stay in the $50s or higher, according to Darin Turner, a portfolio manager at Invesco Real Estate.

Turner co-manages the Invesco MLP Fund ILPAX, +1.50% In an interview, he highlighted four pipeline operators he likes today. Turner said that, based on Energy Information Administration projections, total 2017 production is “expected to increase by 800,000 barrels a day.

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