There has been a rash of announcements about refiners and exploration and production companies spinning off their midstream assets into publicly traded master limited partnerships lately. In this video, Motley Fool contributor Aimee Duffy talks about the advantages and disadvantages that come with these newer midstream outfits, and how investing in them compares to investing in more traditional companies like Enterprise Products Partners (NYSE:EPD).

Fool contributor Aimee Duffy owns shares of HollyFrontier.  Click here to see her holdings and a short bio. If you have the energy, follow her on Twitter, where she goes by @TMFDuffy.  Fool contributor Tyler Crowe has no position in any stocks mentioned.

The Motley Fool recommends Enterprise Products Partners L.P. 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.