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home / news releases / TGE - Takeout Bid Stops Midstream Bleeding


TGE - Takeout Bid Stops Midstream Bleeding

Midstream broke out of its 6-week slump this week, helped by a private equity bid lobbed in Tuesday night, but also helped by risk-on broad market action and rebounding commodity prices.

Even with a 30% gain from a 3.5% weight in the AMZ, the AMNA with less than 1% weight in that same name, outperformed this week, on broad-based gains across midstream corporations and Canadian midstream stocks.

Oil prices rallied this week on a very strong weekly inventory report. Natural gas and NGL prices were notably positive as well. Ethane prices rose 13% this week

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Stock Information

Company Name: Tallgrass Energy LP Class A Shares
Stock Symbol: TGE
Market: NYSE

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