GMLP - Record Pace For Midstream
Midstream was slightly positive and MLPs were slightly negative in this short trading week. Canadian Midstream helped AMNA outperform AMZ and AMUS this week. AMNA is approaching 20% YTD return. Oil prices rallied again, marching back towards $60/bbl, so did natural gas and NGLs. But that wasn't enough to get U.S. midstream moving higher. It may be cognitive bias, but it feels like whenever MLP correlation with oil prices breaks down, it is because MLPs are underperforming, not outperforming.
#Blessed
The narrative this week may have been hangover from Targa's (TRGP) lower outlook and higher