GMZ - MLPs And Midstream: Defense Wins In A Tough Oil Tape
By Stacey Morris
Before the recent pullback in oil prices, we were often asked this year why MLP and midstream performance had not been better given the recovery in oil prices. Even as oil prices have fallen significantly, we are still fielding questions on why MLP and midstream performance has not been better. Has MLP and midstream performance been that bad recently? WTI fell over 20% last month, and the Alerian MLP Index (AMZ) was down only 2.2% on a price return basis and down less than 1% on a total return basis. The Alerian