RTLR - Falling Tension Rising Tide Lifts Midstream
MLPs extended their winning streak to 5 weeks, but MLPs and midstream stocks were weaker towards the end of the week as oil prices and energy stock prices sank lower. Natural gas and NGL prices were up on the week, but remain at low absolute levels. Capital markets came out of hibernation with more than $12bn of debt capital markets activity, a $1.6bn preferred issuance and [[KMI]]'s $764mm (net of tax) exit from Pembina (PBA) shares.
Broad equities rallied through escalation and de-escalation (for now) with Iran, generally glossing over the tragic. Positive stock movements