CEQP - Midstream Wins MLPs Pull Up Lame
It was a pretty great week for Midstream (AMEI +1.9%), but not so much for MLPs (-0.2%). The busiest week for 1Q earnings started exciting with a big merger of MLP sponsors and very strong 1Q results from big MLPs [[EPD]] and [[MPLX]]. As the week continued, however, MLP investor sentiment was dealt another blow with a surprise distribution cut from [[TCP]] and weak results from [[BPL]].
Because it was Kentucky Derby weekend, I'm going to run through a few horse related idioms to contextualize a dizzying week.
Beating a Dead Horse
Midstream results were