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AMND - Insights At A Glance: Midstream/MLP Buyback Update
UBS AG ETRACS Alerian Midstream Energy High Dividend Index ETN
One of the potential tailwinds for midstream in 2021 relative to past recoveries is the proliferation of buyback programs supported by expectations for robust free cash flow generation this year.
Since Alerian's last buyback note in November, Pembina Pipeline (PPL CN) formally announced a repurchase program, which the company first discussed in December.
Of the combined $322 million spent on repurchases in 4Q20 by the companies below, $224 million or approximately 70% was spent by those companies that announced buyback authorizations in October and November 2020.