Archive

MLP Over Unders 2015

28Jan
It’s time again for the MLP sector over-unders, in a post that has become an annual tradition. The post is coming out a bit late this year, and that means we have some early indications on many of the statistics, but there are plenty of unknowns in the sector to discuss. The goal of this exercise is to discern the market's expectation for certain

Week Thoughts: MLPs Buoyant Into Earnings

24Jan
MLPs continued the rally that began on 1/14/15 this week, finishing up 3 out of 4 days, even as oil prices dropped to fresh lows.  For the week overall, the Alerian MLP Index (AMZ) increased 3.0% and the Alerian MLP Equal Weight Index (AMZE) increased 2.8%.  In the 7 trading days since the 1/13/15 bottom, the AMZ has rallied 7.9%, while the AMZE has

MLP Week Thoughts: Bottoms…Up

18Jan
What a week! The Alerian MLP Index dropped like a rock to start the week, closing Tuesday at a fresh 52-week low that was 6.0% lower than last Friday.  On the back of stabilizing oil prices, MLPs traded better the rest of the week, including a 3.3% pop on Friday, to finish the week down just 1.4%.  The Alerian MLP Equal Weight Index (AMZE) declined 3.0%,

MLP Week Thoughts: Slippery Start

10Jan
MLPs tumbled this week after 3 straight positive weeks.  The Alerian MLP Index (AMZ) had rallied 11.6% off of 12/15 lows through last Friday, but gave around half of that back this week.  The equal weight version (AMZE) held up better, as some of the commodity sensitive and smaller MLPs have caught a bid, while the biggest MLP EPD dropped 6.8% this

Review of MLPs in 2014: Under Pressure

04Jan
MLPs limped to the finish line of 2014.  The Alerian MLP Index (AMZ) closed out the year with a third straight negative month and the worst month (-5.6%) since May 2012 (-7.5%).  AMZ finished down 12.3% for the fourth quarter, its worst quarter since 4Q08 and the third worst quarter ever recorded by AMZ.  MLPs rebounded a bit in the last 2 weeks of the