RTLR - KMI Anthem Over Play Ball!
Midstream performance was mixed this week, with strength in MLPs offset by weakness among large U.S. corporations like [[WMB]] and [[KMI]], the latter of which reported less-than-stellar 2Q results coupled with low energy commentary. The market backdrop was benign, little changed. Oil prices were firm and held above $41/bbl and the U.S. oil rig count increased for the first time since March.
There was just one positive day for midstream/MLPs this week (Tuesday), but it was a big one, up around 5% across all indexes, including a 5.5% gain for the AMZ.
In the dog