WES - Insights At A Glance: Robust Midstream Insider Buying Amid Market Volatility
By Stacey Morris
With MLP index yields at all-time highs, several management teams are utilizing this downturn as a buying opportunity, reflecting confidence in their underlying businesses. Today's short post details recent insider purchases across midstream.
Despite the fee-based nature of their businesses, midstream companies have been pressured in recent weeks as the sell-off in oil prices has raised concerns around the financial health of producer customers and depressed the near-term outlook for US energy production. Additionally, MLPs have been pressured by closed-end funds deleveraging (example). Deleveraging involves funds repaying debt with proceeds