In the following video segment, Motley Fool energy analysts Joel South and Taylor Muckerman take a deep dive into master limited partnerships, or MLPs. They discuss what an MLP is and how companies in the energy sector can use them to create tax-deferred cash flows leading to high-yield investments. In addition, this video discusses the MLP space and discusses whether they are still solid investments in 2013. With takeaway capacity in short supply in shale plays throughout North America, MLPs should see increasing distribution growth going forward. 

Joel South has no position in any stocks mentioned. Taylor Muckerman has no position in any stocks mentioned. The Motley Fool recommends Enterprise Products Partners L.P. The Motley Fool has the following options: Long Jan 2014 $20 Calls on Chesapeake Energy, Long Jan 2014 $30 Calls on Chesapeake Energy, and Short Jan 2014 $15 Puts on Chesapeake Energy. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.