SMM - SteelPath April MLP Update And News
Originally published on April 11, 2020
By Brian Watson, CFA, Senior Portfolio Manager
The midstream sector takes proactive steps to weather the recent volatility.
March MLP performance reflected the unprecedented combination of significant and abrupt crude oil demand destruction, due to rapid efforts to contain COVID-19 globally, and the threat of surging crude oil supply from the unanticipated Saudi-Russian crude oil market share battle. Amid the weakness, midstream sector participants have taken proactive steps to protect their balance sheets in order to benefit once these dual threats have passed.
MLP market overview
Midstream MLPs, as