Midstream Weekly Recap: Midstream Screams Higher With Energy Equities And Commodities

Oct. 13, 2022 2:49 PM ETSTR, DMLP, BSM, VNOM, MMP, KNTK, USDP, WES, OXY, TRGP, TRP5 Comments

Summary

  • This week saw energy equities trounce other stock sectors, with midstream gaining 3.9%.
  • OPEC’s production cut bolstered investor confidence that bullish oil fundamentals would be supported.
  • The macro outlook continues to be supportive for midstream cash flow growth.
  • Looking for a helping hand in the market? Members of HFI Research MLPs get exclusive ideas and guidance to navigate any climate. Learn More »

OPEC logo sign symbol for Crude oil prices fuel gas cost up rising high concept.

coffeekai/iStock via Getty Images

Midstream Sector Performance

Midstream was propelled higher this week by an epic 16.5% rally in WTI. The oil price rally was spurred by OPEC and its partners' massive two million barrel per day headline production cut. The cut came amid

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This article was written by

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An energy income service from the largest energy research firm on SA.

I have been a full-time professional energy investor since 2015, specializing in deep value opportunities and special situations.  I have managed a private investment partnership since 2007 and separately managed accounts since 2020.  Prior to managing the partnership, I served in various investment and research roles in the financial industry since 2000.

Disclosure: I/we have a beneficial long position in the shares of THE HFI RESEARCH MLPS PORTFOLIO either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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