ET - Midstream MLPs And Corporations: Prepared For Energy's Perfect Storm
During events creating fear and uncertainty, the market can swing wildly and potentially overreact to the upside or downside on new developments. Uncertainty continues to weigh on the broader market as the impact of the coronavirus becomes more widespread. Even before market fears of the coronavirus intensified, the energy sector had been pressured by the weakness and volatility in oil and natural gas prices. Although oil prices have recovered a bit from recent lows, thanks to the anticipation of deeper OPEC+ production cuts, the broader market selloff has added insult to injury for the energy