Top Stories
Top Stories

Power Play: Why it's time to add MLPs to your portfolio

Pipeline and crude storage tanks in Cushing Oklahoma.
Justin Solomon | CNBC

The oil slide continues, with WTI dropping to a six-year low of $42.63 a barrel Tuesday morning.

Crude prices fell about 55 percent over the past year, resulting in a correction in the prices of master limited partnerships, which typically invest in energy infrastructure.

Krishna Memani, Chief Investment Officer of OppenheimerFunds, told CNBC's "Power Lunch" on Tuesday investors should take a look at midstream MLPs, which move oil and gas throughout the U.S. "That sector is very attractive, gives you a lot of yield and income," Memani said.

Read More Oil touches six-year low as Iran talks weigh

More importantly, Memani said investors don't have to worry about a sudden spike in crude. "The correlation of revenue stream to oil prices is minimal."

WTI was flat during trading, while Brent was down slightly.