Archive

Week Thoughts: MLP Upswing Continues, Earnings Incoming

26Jan
MLPs were up again this week (+0.9%), which makes 4 straight weeks to start the year.  But for the first week this year, the S&P 500 did better (+1.2%) than MLPs.  The MLP Index is up more than 10% for  the year, and will likely finish with the second highest January move ever (2009 at 14.0% was the best January ever).  Cold weather seems to be

Week Thoughts: MLPs Up, IPOs Down

19Jan
In a reversal of the big trend in 2012 that saw MLP IPOs (on average) vastly outperform MLPs, this week we saw MLPs grind higher while each of the three MLP IPOs closed the week below their issue prices. This week's 1.6% gain by the MLP Index was the lowest weekly return of the year so far, but even that "modest" rise for the MLP Index was enough to

Week Thoughts: Rally Continues Amid MLP Press Release Party

11Jan
MLPs had another strong week, with the Alerian MLP Index rising 2.1%, compared with a 0.4% increase in the S&P 500.  So far in 2013, the MLP Index is up 7 out of 8 days and a total of 7.4%. Oil and gas weren't big movers, but NGLs were down sharply.  So, while MLPs continue to feel the effects of beginning of the year fund flows and yield chasers,

One Last Look at 2012 for MLPs

04Jan
MLPs disappointed in 2012, but its a testament to just how great MLPs have been over the years when a positive 4.8% total return for the sector, with solid distribution growth, is a disappointment.  MLPs didn't finish well either, with total returns in the fourth quarter of -3.4% for the MLP Index and back to back negative months to finish the year.  MLPs

Week Thoughts: Best Week for MLPs Since March 2009

04Jan
MLPs took off like they were shot out of a cannon this week. We'll see how long it takes for gravity to take effect. Perhaps gravity will take the form of a fresh slew of equity offerings in the coming weeks, or the next DC crisis which we forestalled for at least a month or two this week. But for now, its all good. MLPs were up each of the 4