Pipeline MLPs have powered higher this year following a painful across-the board downturn in 2014 and 2015. Darin Turner, portfolio manager at Invesco IVZ, said the recovery in MLP shares is not complete, especially in names like Rice Midstream Partners (RMP) , Energy Transfer Partners (ETP) , Plains All American Pipeline (PAA) - Get Report and Williams Partners (WPZ) . Turner is also bullish on Energy Transfer Partners, which has seen its shares rise 23% so far in 2016. He said the continued simplification of the company's structure will drive the stock forward. "This is the cheapest MLP around trading at 16 times next year's estimated earnings and the 11% dividend yield does not hurt either," said Turner. Finally, Turner is a fan of Williams Partners, up 46% year-to-date, saying it owns "the best natural gas pipeline in Transco" and that is the reason why acquirers are interested in the company.