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MLP Week Thoughts: Forced Majeure

26Jul
The MLP Index declined another 4.6% this week after a 2.7% decline last week.  MLPs are on track for a third straight negative month, unless there is serious follow-through next week to Friday’s gains next week.  It’s hard to bet on that when Friday was the first positive day following a 9.5% decline in the AMZ over 7 straight negative days.  This

MLP Week Thoughts: Stuffed

18Jul
MLPs declined 2.7% this week, hurt by weaker oil prices and two equity deals that proved particularly hard for the market to digest.  The back half of the week was brutal, with the index declining 4.4% over the last 3 days of the week, each day more than 1% negative.  Any M&A read through to other MLPs created Monday with the MWE/MPLX merger was gone

Week Thoughts: MLPs Off the Lows!

11Jul
MLPs defied falling oil prices and rising rates to finish this week higher than last week.  The Alerian MLP Index ended its 7 week negative streak with a bounce this week, despite dual headwinds of falling oil prices and rising interest rates.  The bounce comes just in time for distribution and earnings season to kick off next week, raising hope for

MLP Week Thoughts: Window Un-Dressing

05Jul
The MLP Index fell an additional 2.4% this week, making it 7 straight negative weeks for the AMZ, during which time the AMZ has fallen 10.8%. Interest rates reverted a bit this week, down 9 basis points, which helped utilities outperform the S&P 500, but it didn’t help MLPs much. Oil prices were down on Greece fears and a weak oil storage report, as