MLPs and midstream came back to earth this week, dragged down by oil and natural gas prices that were too weak to be ignored by midstream investors after 6 weeks of gains. It was the worst week for midstream since December 2018. Even the S&P 500 was down 1.0% this week. Utilities rallied in the flight to defense. Utilities are up 11 straight days, catching and passing midstream during that stretch.
MLPs and U.S. corps fared much worse than Canadian midstream, helping AMNA separate from the other benchmarks.
Kinder Morgan Review
Kinder Morgan (KMI) reported