Market Insights

Industry Overview- April 2017

Master Limited Partnerships (“MLPs”) returned -1.28% during the month compared to +1.03% for the S&P 500. However, the AMZ outperformed the E&P and OFS indices by 5.8% and 10.8%, respectively1. Crude oil volatility continues to be a headwind for MLP performance despite the correlation between the AMZ and crude prices decreasing month-over- month. Even as crude oil volatility weighed on equity performance, midstream companies continued to announce new organic projects and... Read More
at Monday, May 15, 2017

Industry Overview- March 2017

Master Limited Partnerships (“MLPs”) returned -1.30% during the month compared to 0.12% for the S&P 500. Energy had a tough March driven by declining crude prices and negative headlines coming out of OPEC, which drove most of the AMZ performance. However, companies were able to announce new organic projects, execute on previously announced projects, and raise capital – all very positive signs. Crude Prices Come Back to Center Stage During the first two months of... Read More
at Wednesday, April 12, 2017

Asset TV: MLPs MASTERCLASS [video]

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at Monday, March 20, 2017

Industry Overview - February 2017

Master Limited Partnerships (“MLPs”) returned 0.42% during the month compared to 1.90% for the S&P 500. Energy names were not able to continue their “Trump rally” despite some positive news from project approvals and preliminary OPEC data. However, MLPs managed to outperform the E&P and OFS indices by ~6%. Trump Administrations Pushes Projects Across the Goal Line President Trump has been extremely outspoken about making it easier to build new pipelines... Read More
at Wednesday, March 15, 2017

Industry Overview - January 2017

Master Limited Partnerships (“MLPs”) returned 4.89%¹ during the month compared to 1.90% for the S&P 500. The positive momentum that started in December 2016 carried over into the first month of 2017. The strong January performance was driven mostly by actions and messaging from the Trump administration, a more stable commodity environment, and strong January fund flows. Trump Administrations Bodes Well for Infrastructure The Trump administration has been very clear... Read More
at Tuesday, February 14, 2017

Industry Overview - December 2016

Master Limited Partnerships (“MLPs”) returned 4.39%¹ during the month compared to 1.97% for the S&P 500. The first half of December was surprisingly busy with several individual company announcements, mostly having to do with organic capital expenditures. These announcements, coupled with the usually slow year-end, helped to break down the year-long correlation to crude prices. For the first month in quite some time it appeared like midstream companies and MLPs traded more... Read More
at Wednesday, January 11, 2017

Asset TV: Energy MASTERCLASS [video]

On November 30th, a landmark deal was reached in Vienna in which members of OPEC agreed to cut oil production. The fluctuations in crude prices have sent global markets on a ride, and its stabilization may mean more opportunities in the energy sector.  Jeff Jorgensen joins a panel of MLP and REIT managers to share more about what's coming down the pipeline in 2017.   Read More
Posted by Tony Nguyen at Wednesday, December 21, 2016