Despite geopolitics and trade war uncertainty driving a choppy quarter for the broad markets, MLPs and energy infrastructure stocks largely carried forward their positive momentum from Q1. Conditions in the space improved enough that we saw the first MLP Initial Public Offering ((IPO)) in nearly 18 months. In our Q2 2019 MLP Insights, we discuss some of the major factors driving the midstream energy space, including:
- The Impact of Trade Wars
- Help from the Fed
- Transactions: Private Equity, Institutional Interest, and M&A Activity
Impact of Trade Wars
The broad equity markets have primarily been driven