What will be the biggest theme from upcoming earnings season?

  • 2017 equity needs or leverage concerns (36%)
  • Medium term volume or throughput growth (21%)
  • Near-term volume or throughput declines (18%)
  • Continued project deferrals or cancellations (15%)
  • Something else (including M&A) (11%)

Total Voters: 131

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MLP Week Thoughts: Say Anything

MLPs resumed their rally this week, the MLP Index hit a new year-to-date high and outperformed oil prices again.  MLPs also beat the S&P and utilities, despite a 22 basis points increase in the U.S. 10 year rate week over week.  MLPs reacted positively to company-specific announcements that offered clarity to cloudy situations (PAA) or highlighted

Week Thoughts: Oil Slick, MLPs Stick

The short trading week was dominated by “the macro” and capped by a better than expected monthly payroll report.  Interest rates declined to new lows, U.S. equities rallied to new highs, and MLPs were basically flat.  Commodities were the big loser, with global economic growth uncertainty and U.S. Dollar strength leading to skittish trading in oil

Week Thoughts: Those Beaches will be Open

MLPs bounced along with the rest of the market early this week, then seemed to be supported Thursday by some end of the quarter window dressing when MLPs traded up while oil traded down.  In recent quarters, portfolio managers have wanted to disavow ownership of MLPs heading into a quarterly close, but this quarter MLPs have outperformed most asset
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