Valero Files To Create a Logistics MLP – Valero Energy Partners

Logistics MLPs Trade At Multiples of 3-5 Times More Than Refineries
Valero Logistics Growth Investments

Valero Logistics Growth Investments | Click to Enlarge

Valero has filed a registration statement with the SEC for the initial public offering of Valero Energy Partners (VLP).

VLP will serve as a vehicle for dropping down (selling) logistics assets from Valero. Logistics assets include everything that helps Valero delivery quality crude to its refineries: pipelines, rail cars, rail unloading, barges, ships, docks, tanks, etc. [Read more…]