RECENT MLPs RESEARCH
Emerge Energy Services (EMES) and Hi-Crush Partners (HCLP), which are frac sand MLPs, have fallen 45.0% and 60.0%, respectively, YTD (year-to-date).
MLPs had a good start last week with a strong rally in crude oil prices. But they turned to losses during the latter half of the week on concerns over Hurricane Irma and a corresponding weakness in crude oil prices.
Kinder Morgan stock continued to trade below its 50-day moving average last week.
Buckeye Partners (BPL) has been one of the worst performing MLPs in recent months, hitting a new 52-week low of $54.60. But has recovered slightly since then.
William Companies (WMB) has recovered slightly after a weak August 2017, and it has risen 2.4% since last week. WMB has fallen 3.3% since the beginning of 2017.
Of the four propane distribution MLPs—AmeriGas Partners (APU), Ferrellgas Partners (FGP), Star Gas Partners (SGU), and Suburban Propane Partners (SPH)—only Star Gas Partners stock is in the green so far in 2017.
Most MLPs ended in the green last week, which ended on September 1, 2017, amid Hurricane Harvey and volatility in crude oil prices.
Midstream giant Kinder Morgan (KMI) rose 1% in the week ending September 1, 2017—broadly in line with the energy sector.
In this series, we’ll be looking at the institutional activity of some major MLPs during 2Q17 and their recent analyst recommendations.
How are the four biggest energy MLPs performing in the generally down MLP sector? How does their performance compare with others? Let’s take a look.
MLPs recovered slightly in the week ending August 25—possibly due to an overcorrection in the first three weeks of the month.
MLP (master limited partnership) weakness continued for the third-straight week of the month last week (ended August 18).
Enterprise Products Partners has fallen 7% YTD. So far, it has outperformed AMLP. Enterprise Products Partners has fallen nearly 9% in the past month.
Williams Companies (WMB), which entered positive territory at the end of July, couldn’t stay there for long. It has fallen 6.8% since the beginning of this year.
In this series, we’ll assess Western Gas Partners’ (WES) attractiveness. We’ll look into its valuation, institutional ownership, technical indicators, and analyst recommendations.
Pipeline projects in the US have attracted a lot of attention in recent years.
Energy Transfer Partners (ETP) announced a public offering of 54 million common units on August 14. ETE, which owns the IDRs (incentive distribution rights) in ETP, is expected to benefit from the equity offering.
On August 14, 2017, Calumet Specialty Products Partners (CLMT) announced that it has agreed to sell its Superior, Wisconsin, refinery for $435.0 million.
MLP sluggishness continued last week. The Alerian MLP Index, which tracks the performance of 50 energy infrastructure MLPs, ended the week 4.4% lower.
The British Columbian government’s decision to join the battle against KMI’s Trans Mountain expansion project contributed to the recent fall in the stock.