Archive

MLP Week Thoughts: All-Time High-Lights

25May
For the 4th straight week, the Alerian MLP Total Return Index was positive, but broke the streak of 3 straight weeks of outperforming the S&P 500, which was up 1.2%.  Interest rates and natural gas prices were basically flat, while oil and NGLs (particularly propane) were up sharply week over week.  The S&P 500 closed at a record high Friday,

Beyond Borders: MLP Exports

23May
Oil and gas supply growth in North America is creating a worldwide de-bottlenecking opportunity for MLPs. That opportunity relies on several factors outside of MLP control and beyond the scope of traditional MLP investments, including: government approvals for LNG terminals, the gradual or wholesale overhauling of a decades-old export ban, willingness of

MLP Week Thoughts: Get Your Popcorn Ready

18May
MLPs handily beat broad stock market and utilities indices this week, with the Alerian MLP Equal Weight Index up 1.6% and the Alerian MLP up 1.0%.  While lower interest rates and higher oil prices (which we saw this week) are typically supportive of MLP prices, this week’s outperformance was likely the result of earnings follow-through after the market

MLP Week Thoughts: Data Dump, IPOs Jump

11May
MLPs were up early in the week, with the MLP total return index reaching an all-time high Wednesday, before the sector sold off Thursday and Friday to finish flat.   The S&P 500, US 10 year treasuries, oil and ethane were likewise flat.  The Alerian MLP Index has produced 7.4% total return year to date, well ahead of the S&P 500 (at around 2%

Week Thoughts: ETP/SUSS Engaged, MLPs Celebrate

04May
MLPs were up sharply this week, beating the broad stock market on a price basis even with a bunch of ex-distribution dates.  MLP outperformance was most likely due to renewed enthusiasm for MLP consolidation and acquisition activity.  ETP announced the acquisition of SUSS on Monday morning, EPB followed with a bigger than expected drop down acquisition,