Because the end of the month fell on a Monday, we felt it might be useful to post a wrap up on monthly performance for midstream, outside of the normal weekly cycle.
Month: November 2020
Week Thoughts: Midstream Parade Goes On
Energy stocks (midstream included) continued their recent run of positive stock performance in this short week, helped by ongoing positive vaccine data points. It was the best Thanksgiving week return for midstream since 2008 (when MLPs were up 20%).
Week Thoughts: Midstream Hosts Another Large Gathering
Another vaccine update, another rally for energy stocks and midstream stocks. Midstream was green all week until taking a breather Friday. Stocks and the infrastructure index were slightly negative, and utilities were hit hard.
Week Thoughts: Midstream Goes Green on Vaccine
Energy stocks were buoyed by the big vaccine news Monday, and the gains held for the week overall. XOP spiked 20.4% this week, XLE was up 17.1%. Midstream wasn’t quite that strong but posted with historically significant gains Monday and for the week
Week Thoughts: Stocks Get Mandate, Midstream Flips Red
The market (and midstream for most of the week) seemed to shrug off the ongoing presidential election malaise this week.