Year: 2018

23.12.2018

Week Thoughts: Buyers Strike, Market Shuts Down

It was a brutal week for stocks, and midstream stocks were trampled underfoot in the stampede for the exit.  Despite...

16.12.2018

Week Thoughts: MLPs Flat for the Win

In a frustrating week for stocks in general, MLPs finished positive and midstream outperformed again.  Over the last two weeks,...

09.12.2018

Week Thoughts: Midstream Getting Defensive

It was a short, wild week to start December, with tons of macro action, sparked by tweets, arrests in Canada...

02.12.2018

Week Thoughts: Midstream Snowmaking Underway

Midstream traded up this week, but underperformed the best week for the S&P 500 in years. Of the three main buckets...

24.11.2018

Week Thoughts: Oil Trampled, Midstream Still Standing

Midstream was negative 3 of the 4 days this week and finished down around 3.0% overall, beating the S&P 500...

17.11.2018

Week Thoughts: Cold November Rain

It was a largely uneventful, unremarkable week in midstream.  Stock prices swung around with sentiment around oil and broader equities. ...

17.11.2018

Indexation Vexation: Electing a New Benchmark

Given the relative calm for midstream transactions, it’s a good week to talk midstream benchmarking.  As discussed at length here...

11.11.2018

Week Thoughts: Muted Midstream Relief

Midstream traded up this week, participating pari passu with the broad rally in utilities and broader equities.  Midstream earnings were...

04.11.2018

Week Thoughts: Margin Expansion, Marginal Gains

Midstream was positive this week, led by non-MLP midstream stocks, which outperformed MLPs (AMNA +1.2% vs. AMZ -0.3%).  Midstream slightly...

28.10.2018

Week Thoughts: Market on Tilt, Midstream a Casualty

Things got out of hand this week all over the equity markets.  Recent relative strength of midstream/MLPs vs broader equity...