MLP Week Thoughts: Seeking Strategic Alternatives

MLPs were slammed again, and it seems that interest rates were the primary culprit this week.  Interest rate on the U.S. 10-year treasury rose 21 basis points, to 2.47%, sending utilities down 2.4%, and throwing cold water on the MLP sector again, which couldn’t maintain a rally this week, even with a clear scale-grabbing consolidation trend well

MLP Week Thoughts: Does the Fun Ever Start?

MLPs showed signs of life early in the week gave way to further selling in the back half of the week for MLPs. The MLP Index bounced Monday (+1.3%), and faded throughout the week, before eventually capitulating Friday (-1.6%) to finish the week down 0.5%, a fifth straight week of declines. On a price only basis, the MLP Index established a new 52-week

MLP Week Thoughts: Are We There Yet?

Oil, natural gas and NGL prices were up, the S&P 500 and interest rates were stable this week, and yet MLPs were down for a 4th straight week. The selloff was broad-based across sub-sectors, with pockets of small-cap strength. Even a large private equity M&A transaction for midstream assets couldn’t garner enthusiasm for the sector overall. It

Week Thoughts: MLP Analyst Daze

MLPs were hit hard in a broad-based sell off that saw the Alerian MLP Index decline 2.5% this week. The focus appeared to be a combination of negative factors, including: volatile oil prices, spiking interest rates (+29 bps this week), collapsing propane prices (new multi-year low), and fear over an OPEC surprise that didn’t materialize. MLPs did fare