Week Thoughts: Good Expectations

KMI starts off earnings strong

The market added $10/bbl to oil prices, following through on last week’s risk premium resurgence as the Iran War keeps going. Midstream’s reaction was muted again this week, but the stocks did outperform the S&P 500 handily again. Midstream has opened up a wide lead on the market, with more than 30% return for the AMNA so far this year.