MAGELLAN MIDSTREAM PARTNERS, L.P. (MMP)

[Timothy Smith]

For those of you who may be considering a position in Magellan, I'd keep a watchful eye on a number of catalysts over the next 12-24 months as each could play a role in the partnership's long-term growth.

For example, near-term investors should focus on the partnership's recent trend-status and long-term investors should pay close attention to any changes in the partnership's DCF behavior as well as additional pipeline acquisitions that could bode well for long-term growth.