MLPs were down each of the 4 trading days this week and finished down 2.7% overall in a risk-off week for broad equities. There were some real M&A and capital markets news announcements, there was a large energy conference, and natural gas prices continue to ramp, but none of that sparked a large rotation into midstream stocks this week.
Subscribe to the full version to get more detail, including rambling thoughts on what the M&A and capital allocations mean for the space, a review of the best and worst performing midstream stocks, and a rundown of the news.