In recent years, Q4 has not been kind to midstream energy, and 2019, so far, has not been an exception. Yet despite shorter-term headwinds, like tax-loss selling pressure, we remain optimistic for the asset class over a longer time frame as fundamentals and valuations continue to contradict recent price trends. In this piece, we discuss a variety of relevant near- and medium-term topics affecting the midstream energy space, including:
- Seasonal Q4 selling pressure affecting near term returns: the energy sector's underperformance made it a prime target for tax-loss harvesting, leading to near term headwinds
- Fundamentals