Archive

Week Thoughts: Merry M&A Moves MLPs

29Dec
It was a Merry Christmas for MLPs and an even better few days after the holiday.  The Alerian MLP Total Return Index closed at a 52-week high on Friday, and rallied 2.9% from last Friday.  This week’s performance was the exact opposite of the week ended 12/28 of last year, when the Alerian MLP Index closed was down 2.3% and the total return index closed

Week Thoughts: MLPs Tapered Up

22Dec
MLPs bounced back this week after two sharply negative weeks in a row.  Most of that bounce happened Friday, when the Alerian MLP Index increased 1.2%, the biggest one day move since mid-November.  The index was up 1.5% for the whole week, while the Alerian MLP Equal Weight Index was up 2.0%, implying lagging returns from the larger cap names on

Week Thoughts: Falling Tide Sinks MLPs

14Dec
MLPs were down less than the broader stock market this week, logging an outperforming week for the first time in a while.  The Alerian MLP Index was down 1.1% this week, but the equal weight indexes performed better, which implies that the larger cap MLPs fared worse than the smaller ones.  For the Alerian MLP Index, it was the first time it produced

MLP Week Thoughts: Lowered Expectations

08Dec
MLPs had a rough week.  The Alerian MLP Index was down 2.7%, and the midstream-focused Cushing 30 and Alerian MLP Infrastructure indices were down more than 3.0% each.  It was the worst week since the last week of May when the Alerian MLP Index was down 4.3%. The macro drivers were mostly neutral to positive this week.  The S&P 500 was flat,