Poll

What is the biggest risk to MLP stock price performance from here to end of 2017?

  • Global oil prices (OPEC cheating, non-OPEC supply growth upside surprise) (57%)
  • Disappointing volume growth (23%)
  • Extreme competition limiting per unit cash flow growth (10%)
  • Something else (9%)

Total Voters: 180

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Week Thoughts: Think Global, Buy Local…MLPs

21May
MLPs finished the week strong, rallying 1.8% combined on Thursday and Friday, which was just enough to climb back to even after a 1.9% drop Wednesday.  The selloff Wednesday seemed 100% based on broad stock market weakness, a frustrating headwind when oil prices have been relatively strong of late.  WTI oil futures have traded up in 8 of the last 9 days,

Week Thoughts: Plains Stains, MLPs Remain Positive

14May
MLPs alternated up and down days all week, but finished with a positive Friday that helped the MLP Index finish the week up 0.6% including distributions.  The best day was Wednesday, when MLPs rallied 1.5% on oil price strength following the latest U.S. inventory data points. MLPs still have quite a bit of catching up to do relative to utilities and

Week Thoughts: Transition Offense

07May
MLPs struggled under the weight of oil prices and dropped 2.1% (including distributions) this week.  MLPs have declined in 3 of the last 4 weeks.  The familiar whiff of panic was in the air on Thursday and into Friday when overnight oil prices traded below $44/bbl.  Thursday was the worst day of the year for MLPs.  Friday spelled relief for oil prices
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