MLPs and midstream came back to earth this week, dragged down by oil and natural gas prices that were too weak to be ignored by midstream investors after 6 weeks of gains.
Month: January 2020
Week Thoughts: Midstream Phase Won
Midstream gains kept rolling for a sixth straight week, again riding a strong broad equity market higher, and defying weakness in upstream energy stocks (XOP -3.6%).
Week Thoughts: Falling Tension, Rising Tide Lifts Midstream
MLPs extended their winning streak to 5 weeks, but MLPs and midstream stocks were weaker towards the end of the week as oil prices and energy stock prices sank lower.
INFRASTRUCTURE DELIVERS
MLPs have bounced 10%+ off the early December 2019 multi-year low and are enjoying a seasonal respite from fund outflows. Without the stress of daily extreme volatility and angst, now is an ideal time to re-evaluate midstream exposure and consider (or re-consider) listed infrastructure.
Week Thoughts: Clean Slate
Midstream traded up for a 4th straight week since bottoming on December 3rd. MLPs are up 12.7% from the bottom and the AMNA isn’t far behind with a 10% gain.
2019 Year-End Midstream Statistics
The year ended this week, which you may have heard. From this point forward, we forever will be closer to 2050 than 1990. So, it is time to review the final results of 2019.