Archive

Week Thoughts: Settling Up

31Dec
MLPs closed out a forgettable year (-6.5%) with a forgettable week (+0.5%).  MLPs did beat the broad stock market and utilities this week in what has recently become a trend (that hopefully continues in the new year).  Oil prices gained another 3% and finished on a multi-year high (above $60/bbl for the first time since mid-2015). Status

Week Thoughts: MLPs Mopping Up, Making Merry

24Dec
MLP optimism continues to build, as MLPs shrugged off higher interest rates that hurt other yield-oriented securities to gain another 0.5% this week.  MLPs are now up more than 8% off the late November bottom.  Outside of the changes to the tax backdrop, not much else changed this week.  There was some volatility early in the week, with MLPs threatening

Week Thoughts: Straighten Up, Fly Right

17Dec
MLPs picked up where they left off last week, trading up each day until Friday ended the streak of positive days at 6 days.  MLPs are drifting higher, gaining steam into year end.  After two bear markets in three years, it’s nice to know all hope hasn’t been snuffed out, and there is some light rising up to meet the darkness … Prices,

Week Thoughts: Second Half Strength

10Dec
MLPs opened with 3 straight negative days again this week.  By Wednesday, the MLP Index had dropped 2.6% from last Friday.  MLPs rallied 2% combined Thursday and Friday to finish down 0.8% overall, but with some positive vibes into the weekend, especially with actual snowflakes falling in Houston Friday (from what I understand). Oil prices seemed

Week Thoughts: MLPs Make Bit of Coin

03Dec
After plumbing fresh 2017 depths each of the first three days of the week, MLPs bounced hard Thursday with some follow-through Friday to finish the week up 3.0%. It was the best week for MLPs since the late June when oil prices bounced from the low $40s. Overhang from seasonal technical factors, some uncertainty regarding FERC and tax reform weighed