Midstream broke out of its 6-week slump this week, helped by a private equity bid lobbed in Tuesday night, but also helped by risk-on broad market action and rebounding commodity prices.
Even with a 30% gain from a 3.5% weight in the AMZ, the AMNA with less than 1% weight in that same name, outperformed this week, on broad-based gains across midstream corporations and Canadian midstream stocks.
Oil prices rallied this week on a very strong weekly inventory report. Natural gas and NGL prices were notably positive as well. Ethane prices rose 13% this week