When you linking your Twitter Account Market Wire News Trending Stocks news and your Portfolio Stocks News will automatically tweet from your Twitter account.
Be alerted of any news about your stocks and see what other stocks are trending.
AMUB - Comparing Forward Estimate Revisions MLPs/Midstream Stand Apart
ETRACS Alerian MLP Index ETN Series B due July 18 2042
Expanding on the theme of yesterday's note discussing midstream defensiveness, today's piece examines the resilience of forward estimates for the midstream space despite oil's price collapse. In contrast with other segments of energy, 2020 and 2021 midstream EBITDA estimates have seen only modest downward revisions. Specifically, the chart below shows changes in 2020 and 2021 Bloomberg EBITDA estimates for energy indexes from January 31 - well before the dramatic sell-off in oil prices - to last Friday, April 24. Given that oil prices were down over 70% year to date through April 24, one would