Archive

Week Thoughts: Ethane Exports Ex-Excitement

27Apr
The MLP Index was down 0.8% this week on a total return basis, breaking the streak of 4 straight positive weeks we’ve been enjoying.  Large-cap diversified MLPs and midstream c-corps, including GPs, were down more sharply than other MLPs, as it seems the selling was focused on the most liquid names. If I were to speculate, I might be tempted to say

Week Thoughts: MLPs Draft the Market, Keep Running

20Apr
The MLP Index closed the short week at a fresh all-time, up 1.3% since last Friday’s all-time high.  MLPs have been up for 4 straight weeks now.  The equal-weight MLP Index was up more (1.8%), which indicates the rise was broad-based and that smaller cap MLPs outperformed. Stocks rebounded sharply from last week’s sell-off, and the S&P 500 is

Week Thoughts: MLPs Yield Gains

13Apr
MLPs trounced the broader market this week, with the MLP Index up 0.6% to close the week at new all-time highs.  Meanwhile, the S&P 500 dropped 2.6%, and is now down 4.0% from its own all-time high.  MLPs actually were right on top of the broader market through Wednesday, then way outperformed Thursday and Friday to pull ahead for the week. For this

Week Thoughts: April Flowers

05Apr
The MLP Index was up 2.3% this week in a broad-based rally, and it was the best week for the index since late October.  It also marks the second straight week of large outperformance of the MLP index over the S&P 500.  The US 10 year interest rate was flat, despite rising as high as 2.80%, before dropping back down.  Energy commodity prices were