AMUB - Infrastructure: Another Midstream Exit Opportunity
We have highlighted that investors should be looking at listed infrastructure as a better allocation than standalone midstream/MLP allocations, including this post last year, and this one from January. Infrastructure continues to produce better outcomes for investors than midstream, with lower volatility and higher returns. Continue to ignore these messages at your own peril.
- Midstream stocks and MLPs have bounced 100%+ off the latest multi-year low in late March, and they are enjoying a rare respite from fund outflows, despite fundamental challenges.
- Midstream's fundamental challenges include counterparty bankruptcy risk, activity and volume declines,