HYDR - MLP Insights Q2 2021: Energy Sector Momentum Continues
- The Energy sector carried its momentum from the end of 2020 into 2021 and ended Q2 as the S&P 500's best performer after returning a staggering 45.61%.
- US oil production has been steady around 11 mbpd for most of 2021 given producers' conservative capital allocation strategies towards new capital expenditure spending.
- Renewed demand for oil and gas, the rotation to Value stocks, and the M&A trend contribute to a positive outlook for the Energy sector broadly and midstream companies in particular.
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MLP Insights Q2 2021: Energy Sector Momentum Continues