MLPs are stuck in the mud, trading down since the OPEC agreement was announced and oil prices rallied 10%+. What is going to get MLPs unstuck?

  • Solid 3Q earnings season (42%)
  • Another $5/bbl added to oil prices (31%)
  • Even more large scale M&A (11%)
  • Resolution of regulatory challenges (8%)
  • Presidential election clarity (8%)

Total Voters: 173

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Week Thoughts: Confusion & Delay

MLPs bounced back with a 1.9% gain Monday, followed by 4 straight days of fractional losses to finish the week with a marginal gain.  Trading remains skittish ahead of 3Q earnings, the election and OPEC’s next meeting.  In a microcosm of what’s happened this year, utilities outperformed MLPs, which outperformed the S&P 500.  Oil, gas and NGLs

Week Thoughts: Yield Retreat No Holiday for MLPs

MLPs sold off after two straight positive weeks, as choppy, uncertain trading continues despite what appears to be certain strength in commodities.  The interest rate on the U.S. 10 Year (down 55 basis points YTD) increased 13 basis points this week, spooking all yield-oriented investment. Commodity price strength (and a lack of MLP equity

Week Thoughts: MLPs Rise With Hot Air

MLPs extended last week’s rally into quarter-end, with a 0.9% gain for the Alerian MLP Index.  The equal weight version of the index performed better (and MLP Indexes that don’t have FGP performed better).  OPEC helped broad energy sentiment (for once) and the first presidential debate appeared to help broad equity sentiment, but there was plenty
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