Top MLP gainers of April 2017
Sunoco (SUN), an MLP involved in wholesale and retail distribution and marketing of refined products, was the top gainer among MLPs in April 2017. SUN’s shares rallied following the announcement it would sell the majority of its retail business to 7-Eleven. For details, read Sunoco Rallies 20% after Convenience Store Sale Announcement.
SUN was followed by Southcross Energy Partners (SXE). SXE, the MLP involved in natural gathering and processing, rose 21% in April. However, it’s still trading way below the levels before the rout in energy prices.
USD Partners (USDP), CVR Refining (CVRR), and SunCoke Energy Partners (SXCP) were among the top-performing MLPs in April 2017. In the next article, we’ll look at the worst-performing MLPs during the month.