Midstream Week Thoughts: Fanning The Flames
Summary
- MLPs were up every day this week, and finished up more than 10%, best week since the week after the election.
- OPEC support for oil prices helped push energy stocks up.
- EPD ESG day and analyst day this week.
Midstream was up every day this week and posted its best week since early November. The huge week was kicked off Monday by the best day for midstream since that 11/9 (the Monday the vaccine news broke). Monday’s strength came on a down day for oil prices, but a big bounce back day for the S&P 500 and energy stocks. The market continues to play energy stocks long as inflation chatter grows along with interest rates.
The full subscriber version of this week’s post includes:
- Thoughts on midstream being more energy than yield stocks these days.
- Discussion of ESG day hosted by Enterprise (EPD) this week
- Update of weekly winners and losers in the space
- News detail, including updated NBLX deal
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