Month: April 2020

Midstream is on pace for its best month ever after another big positive week. MLPs posted their 4th straight week with more than 7.5% gains, the best 4-week stretch ever (off a low base).

It was a big week for midstream again, this time better than the broad equity market, which was also up again. MLPs had their 8th best week ever, slightly better than last week’s 9.6% gain. Most of the rally came Friday when AMZ rallied 7%…

Stocks, especially utilities, roared back in a holiday-shortened week, helped by additional stimulus measures and signs of hope from daily COVID-19 statistics. Midstream stocks (and to a lesser degree MLPs) came along for the ride. The midstream performance hierarchy returned to trend this week with AMNA outpacing AMZ.

On the back of the best week for oil prices in recorded history, midstream traded up and outperformed the S&P 500 and utilities. MLPs (AMZ) outperformed broader midstream (AMNA) this week after trailing last week and last month and last year.