Midstream traded up the first 3 days this week to cap a run of 7 positive days out of 8. Then on a very low volume session Friday, midstream corporations and MLPs sold off a bit to finish the week slightly positive overall. Midstream broadly was in-line with the broad stock market overall (S&P 500 +0.6%).
Month: December 2019
Week Thoughts: Pipelines Piping, MLPs A-Leaping
Midstream’s bounce off the bottom continued this week. In basically a repeat of last week, the MLP Index gained 4.6% the first three days of the week and was flattish from Wednesday’s close through the end of the week.
Week Thoughts: Midstream Relieves Itself
Midstream and MLPs ripped this week, continuing the rebound that began in the middle of last week. A benign broad market backdrop allowed midstream stocks and MLPs to rally on their own merits this week.
Week Thoughts: Midstream Trypophobia
Midstream stocks took cues from the broad market this week, drifting lower early in the week before mounting a comeback later in the week, including a big Friday after the robust jobs report.
DECADENCE TO DECAY: A DECADE OF MLPguy
As of this week, I have now been publishing thoughts on MLPs at MLPguy.com for more than 10 years. The usual end of the year reflection in the media and among investors will be magnified arbitrarily this year by the end of the decade.