Archive

Week Thoughts: Leftovers

25Nov
The MLP Index finished 0.6% lower this week, recovering a bit after setting a fresh MLP Index closing low for the year on Tuesday at 257.1.  MLPs seemed to take positive cues from Keystone XL’s approval early in the week, then seemed to be negatively impacted Friday by FERC’s ruling on crude oil marketing businesses. Oil prices climbed another

Week Thoughts: Renovating in Place

19Nov
The MLP boycott continued this week with MLPs plumbing fresh 2017 lows on Tuesday and early Wednesday, before a modest reversal that left MLPs down 2.7% on the week overall.  Oil prices were lower early in the week, but recovered to finish basically flat, along with the S&P 500 and utilities.  MLPs were the negative outlier. MLPs dropped 1.7%

Week Thoughts: Astride the Upside Down

12Nov
For a second straight week, MLP Index price returns and total returns straddled 0%; total returns finished just above zero with the aid of distributions. Oil price strength continued, reaching its highest level since July 2015 (above $57/bbl), before consolidating late in the week.  An early cold snap hit the northeast, pushing up natural gas

Distribution Checks

07Nov
It’s been a while since we published a whitepaper on MLPs, which I chalk up to having had little additional insight to offer beyond reporting weekly ups and downs of the sector as it continues its bumpy transition towards a better business model. NEW WHITEPAPER AT CBRECLARION.COM But recently, I’ve become increasingly fascinated by distribution

Week Thoughts: SelfFundMe Campaign

05Nov
MLP prices were down for a 4th straight week, but counting distributions (and they do still count!) MLPs produced a slightly positive return overall, despite Thursday’s 2% decline.  Strong oil and natural gas prices, solid earnings overall were balanced against tax reform uncertainty and distribution ex-dates, both of which held MLPs back from a more