MLPX News and Press, Global X MLP & Energy Infrastructure From 12/09/20

In the midst of a challenging year, the improvement in midstream equities in November alongside the gains in oil prices and broader energy on positive vaccine developments was encouraging. Energy, including midstream, clearly stands to benefit from a potential improvement in the outlo...

Midstream MLPs, as measured by the Alerian MLP Index (AMZ), ended November up 21.7% on a price basis and up 23.8% once distributions are considered. MLP yield spreads, as measured by the AMZ yield relative to the 10-year US Treasury bond, narrowed by 278 basis points (bps) over the mo...

Midstream and MLPs had a different kind of Movember, riding surging momentum in value stocks and energy stocks to a big rally throughout most of November. MLPs have now put up consecutive positive months for the first time since the initial April and May recovery. The broader AMNA...

The Global X MLP & Energy Infrastructure ETF is one of the leading midstream ETFs, with more than $500 million of assets under management. Unlike MLP-focused funds, MLPX is heavily tilted towards midstream corporations. The outlook for MLPX’s holdings is looking better ...

The fund invests in more than just MLPs. It holds some of the top names in the Midstream sector. We take you through the "fine print" and provide our take as to why this might be a good ETF for midstream exposure. For further details see: MLPX: Midstream Exposure Via MLP...

Lost in election season and pandemic news flow has been the relative stabilization in energy macro and midstream fundamentals since March. Adding to COVID-19 related anxiety in our view is an increase in concern that rapid adoption of electric vehicles and renewable energy may severel...

DTE Energy Co. plans to spin off its gas pipeline business, DTE Midstream, into a publicly traded company by mid-2021 through awarding ownership to DTE Energy shareholders in dividends. ConocoPhillips has agreed to buy U.S. shale oil producer Concho Resources for $9.7 billion, or $49....

The AMLP ETF has been pressured this year from the collapse of energy prices and distribution cuts from its underlying holdings. Improving macro conditions and climbing prices for oil and gas support more positive sentiment towards the energy infrastructure segment. We are bullish...

Out of the 39 dividend-paying constituents in Alerian's broadest midstream index, AMNA, 33 companies maintained payouts, 3 cut, and 3 grew sequentially. Multiple names have provided 2021 dividend/distribution guidance and are anticipating flat or increasing payouts. Although some ...

Range bound oil prices are pressuring US output. Long-term trends challenge the energy sector. Midstream fundamentals remaining robust through tough macro environment. An optimistic case for midstream. For further details see: MLP Insights: Q3 2020