Archive

MLP Week Thoughts: Along for the Ride

25May
MLPs bounced back this week, helped by conference buzz and lack of equity issuance.  The MLP Index was up 0.9% for the week and is up 23.7% including distributions for the year so far.  The broader U.S. stock market paused this week, down 1.0%, after even broader global market showed some volatility (particularly in Japan).  Commodity prices were mixed,

Week Thoughts: People Pass after MLPs Print Plenty of Paper

19May
MLPs were down this week (-0.4%), despite continued strength in the broader stock market (S&P 500 was up 2.1%).  Of note, year over year, MLPs and the S&P 500 have produced almost exactly the same total return.  Gold was down big this week again.  Natural gas bounced above $4 again and NGL prices still suck.  Also, 10-year treasury rate crept up

Week Thoughts: Deals, Earnings Send Most MLPs Higher

11May
MLPs powered higher this week, with the MLP Index rising 2.5% including distributions.  The S&P 500 continued to rise as well, up 1.3%.  Commodities were generally weak, which many were commenting had to do with USD strength.  Gold continued its slide, down 1.9%. Natural gas dropped below $4.00/mmbtu again, propane and ethane prices were weak and oil

Week Thoughts: MLPs Flat-ish, Cracks Starting to Show

05May
MLPs were flat on average this week on a total return basis, and down slightly on a price basis.  MLPs trailed the broader stock market, which was up 2.1% week over week.  Interest rates were up small, oil was up big, and natural gas was down big on the latest storage report.  NGLs didn’t follow oil higher, and remain at depressed levels relative to