Columbia Pipeline: Top Midstream MLP Loser on Tuesday, August 11



Top losers

In the last part of this series, we saw the top five midstream MLP gainers on Tuesday, August 11. In this part, we’ll discuss the top five midstream MLP losers on the same day.

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Columbia Pipeline Partners

Columbia Pipeline Partners (CPPL) was the top loser among midstream MLPs at the end of trading on Tuesday, August 11. It fell 5.79% yesterday. The company’s losing streak continues. The partnership fell 15.26% in the last five trading sessions. Columbia Pipeline Partners started trading in February 2015. Since then, the stock has returned -28.92%. It’s engaged in the natural gas transmission and storage business.

Enable Midstream Partners

Enable Midstream Partners (ENBL) is next on our list of the top five midstream MLP losers on August 11. It fell 4.61% yesterday. With yesterday’s loss, Enable Midstream Partners’ YTD (year-to-date) returns fell to -19.91%. The company provides natural gas gathering, processing, transportation, and storage services.

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Other losers

Rose Rock Midstream (RRMS), EnLink Midstream Partners (ENLK), and Enbridge Energy Partners (EEP) were among the top five midstream MLP losers on Tuesday, August 11. They fell 4.04%, 3.41%, and 2.86% in the last trading session, respectively. They’ve returned -21.14%, -37.54%, and -31.13% YTD.

Rose Rock Midstream breached its 52-week low in yesterday’s trade. Its new 52-week low is $34.16. The partnership is involved in crude oil gathering, transportation, storage, and marketing. SemGroup (SEMG) owns 100% of Rose Rock Midstream’s general partner.

The Alerian MLP ETF (AMLP) is comprised of 25 midstream MLPs. It has returned -15.64% YTD. Together, Enbridge Energy Partners and EnLink Midstream Partners account for ~6.38% of AMLP. For context, the upstream energy company heavy SPDR S&P Oil & Gas Exploration & Production ETF (XOP) has returned -17.24% YTD.


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