Archive

Week Thoughts: MLPs Party Like its 2009

24Apr
MLPs kept the healing going in spectacular fashion this week, rallying through Doha and KMI’s weak outlook to finish up 10.5%.  MLPs were up every single day this week, sending almost every MLP up from last week. This is what MLPs trade like when there is no friction, they are able to float higher.  Friction has been removed for the moment:

Week Thoughts: Super Tuesday Keeps MLPs Green

17Apr
MLPs rallied again this week, making it 3 straight positive weeks and 8 of the last 10.  The AMZ finished the week with a 1.1% gain, although the gains were isolated to a 3.5% rally on Tuesday. Oil prices finished the week up around 2%, breaking above $40/bbl and staying above, despite fading late in the week as uncertainty regarding the upcoming meeting

Week Thoughts: MLP Melt-Up Continues

10Apr
MLPs made it two straight positive weeks with a 1.9% gain.  This time MLPs de-coupled from the broader stock market and re-coupled with oil.  Oil prices are the headline, rallying 6%+ on Friday alone.  But NGL prices had a strong week as well, particularly ethane which is up year-over-year even as everything else is down big (its only $0.02/gallon, but

Week Thoughts: Brief De-Coupling on Bottom Fishing

03Apr
MLPs rallied most of the week, trading up with the broader market on dovish commentary from the Fed, even as oil prices continued to breakdown throughout the week.  Friday’s 4% oil price drop caught up with MLPs, which erased most of the week’s gains with a 2.7% decline.  But MLPs did finish March up 8.3% and closed out the week slightly higher