After a solid start to the week, midstream stocks collapsed over the last four days this week, including big declines Tuesday and Friday.
Month: June 2020
Week Thoughts: Midstream Bounce Faded
It was an up and down week for midstream, but overall positive vs. last week, helped by a huge day Monday. The Supreme Court ruling in favor of pipeline development across the Appalachian Trail seemed to help midstream stocks broadly on Monday.
Week Thoughts: Midstream Paper Jam
After an all-time good week across the sector last week, Midstream stocks gave it all back this week. Most of the damage came on Thursday, when the broad equity market dropped 6%.
INFRASTRUCTURE: ANOTHER MIDSTREAM EXIT OPPORTUNITY
Midstream stocks and MLPs have bounced 100%+ off the latest multi-year low in late March, and they are enjoying a rare respite from fund outflows, despite fundamental challenges. Without the stress of daily extreme volatility and negative stock performance, now is an ideal time to re-evaluate midstream exposure and consider (or re-consider) listed infrastructure.
Week Thoughts: Midstream Breaks Out with No Brakes
Midstream stocks had an all-time great week of stock performance, with double-digit returns across all three indexes, driven by a double-digit gain in oil prices and another surge in the broad stock market.