Poll

MLPs can regain investor confidence by:

  • All of the above (60%)
  • Delivering solid results over several quarters (23%)
  • Allocating capital better (less value destructive capex, holding flat or shrinking unit count) (11%)
  • Showing more management accountability (including turnover for poor performance, maybe) (6%)

Total Voters: 193

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Week Thoughts: Aftermath

10Sep
MLPs finished this short week down 0.9%, their first negative week since mid-August.  Broad stock market weakness dragged MLPs lower Tuesday (despite higher oil prices) and oil price weakness dragged MLPs down Friday.  Interest rates dropped another 11 basis points, and the U.S. dollar index (DXY) reached its lowest level since December 2014, helping oil

Week Thoughts: Seeking Higher Ground

02Sep
MLPs continued to rally this week.  Like last week, Monday was negative, but each day the rest of the week was positive.  MLPs have traded up in 8 of the last 9 sessions, +6.0% over that time since hitting a fresh 52-week low back on 8/21.  MLPs were resilient after early selling Monday and Tuesday, and followed through the rest of the week. A

Week Thoughts: No News is Good News

26Aug
MLPs hit a fresh 52-week low, then rallied each day the rest of the week, rallying 3.3% off Monday’s close and 2.0% from last Friday.  MLPs outperformed utilities and the S&P 500 for the first time in a while.  Oil price weakness plus a looming Hurricane Harvey were not large enough factors to hold MLPs back from a bounce a brutal three weeks of
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