It seems like every hates midstream Master Limited Partnerships (MLPs) these days. The Alerian MLP Index has taken a beating:
Source: Thomson Reuters
Oil prices plummeting also didn't help. Here is a chart of WTI
Source: Macrotrends.net
After a surge of capital raising n 2013-2014, there was't a single new MLP IPO in 2018:
Source: Alerian
Background
Midstream MLPs are involved in the transportation, processing, and storage of oil, natural gas, and natural gas liquids (see this primer from Aleria). They make money per unit of gas or oil transported. More volume means more