Poll

What Stops the MLP Rally?

  • External factors like Inflation, rising interest rates, tax reform or broad market correction (35%)
  • Commodity price weakness (29%)
  • 4Q earnings or 2017 guidance that returns focus to still challenged fundamentals (22%)
  • Avalanche of public equity offerings (11%)
  • Conversion of exotic equity instruments issued last few years impacting per-unit cash flow (3%)

Total Voters: 190

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Week Thoughts: Simplixity Itself

08Jan
MLPs started the year with 4 straight positive days and a 2.5% weekly gain.  MLPs have traded up in 13 of the last 15 trading days dating back to 12/14.  For the week, MLPs outperformed utilities and the S&P 500 despite flat oil prices and natural gas prices that were crushed. The first week of last year was -7.9%, the worst first week ever for

Week Thoughts: December Gains Cap MLP Rebound Year

01Jan
MLPs (as measured by the Alerian MLP Index) dropped back a bit over the last 4 days of the year, but as measured by the equal weight version, MLPs were slightly higher.  In both cases, MLPs outperformed the S&P 500.  Oil and natural gas prices were both up, and both finished the year with massive gains after the carnage of the last few

Week Thoughts: Higher Highs for Holidays

24Dec
MLPs posted a 3.9% gain this week, their biggest week in more than 3 months. MLPs were up each day this week and each of the last 7 trading days.   The streak has put some distance between the 300 level of the AMZ, which would now have to fall 5.4% to cross back below 300. MLPs look like they will finish the last 9 days of the year strong for an
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