3 Unique MLPs For Your Income Watchlist: BreitBurn Energy Partners L.P. (BBEP), Hi-Crush Partners LP (HCLP)

If you’d rather piggyback on the shale boom, why not invest in sand producer Hi-Crush Partners LP (NYSE:HCLP) ? The company is a pure-play and low-cost supplier of sand proppant, which is used in the fracking process to keep the fractures open. The company has long-term, take-or-pay contracts that lock in its cash flow. That’s enough to deliver more than a 10% yield for investors.

Don’t dig your own grave
Moving away from the energy sector for a moment, let’s pause to contemplate our own mortality. Cemetery and funeral home owner StoneMor Partners L.P. (NYSE:STON) cashes in when you check out. Probably not the most pleasant thought in the world, but we all meet our end at some point. That means fairly steady business for StoneMor.

Now, I will say that the accounting here is a bit complex and might be more than the average investor is willing to put up with. That accounting has already caused quite a bit of back and forth between management and short sellers. If you don’t mind digging into this one and holding on for what could be a volatile ride, then the distribution of more than 9% could be well worth your trouble.

My Foolish take
While I do own shares of StoneMor and a competitor to BreitBurn, I’m most intrigued by the potential of Hi-Crush Partners LP (NYSE:HCLP). That yield in excess of 10% is pretty tempting these days, given what most bonds are offering. It’s a company I plan on watching closely and digging into a bit deeper to make sure its business is made of more than just sand.

The article 3 Unique MLPs For Your Income Watchlist originally appeared on Fool.com.

Fool contributor Matt DiLallo owns shares of StoneMor Partners and Enterprise Products Partners. The Motley Fool recommends Enterprise Products Partners and StoneMor Partners and owns shares of H-Crush Partners and StoneMor Partners.

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