Midstream performance was mixed this week, with strength in MLPs offset by weakness among large U.S. corporations like WMB and KMI, the latter of which reported less than stellar 2Q results coupled with low energy commentary.
Month: July 2020
Week Thoughts: Positive Pipeline Performance Pre-Earnings
Midstream bounced back this week, riding a strong market, stable oil prices and the ramp into distribution season.
Week Thoughts: Dakota Access Denied
Midstream struggled in an otherwise strong week for the market, hurt by a court decision that rocked the Bakken while not offering much confidence for any midstream company seeking to develop energy infrastructure going forward.
Week Thoughts: Market Party, MLPs Stay Home
Stocks of all kinds were positive in this pre-holiday week, except for MLPs. Midstream overall lagged the broad market, despite oil and natural gas price gains.