Legacy Reserves (LGCY), the upstream MLP involved in crude oil and natural gas production, was the top MLP gainer last week. Legacy Reserves rose 32.7% in the week ending January 12, 2017. Last week, the rise could have been due to the gains in crude oil and natural gas prices.
CSI Compressco (CCLP) is an MLP involved in natural gas contract compression. CSI Compressco was the second-highest MLP gainer last week—it rose 17.4%. Overall, the partnership has gained 28.0% since the beginning of 2018. Its recent gains could be due to increased US drilling activity, which is expected to drive the partnership’s compression volumes.
Hi-Crush Partners (HCLP), a frac sand producer, was the third-highest MLP gainer last week. It had a week-over-week gain of 11.8%. Hi-Crush Partners has risen 19.2% in the first two weeks. Its recent gains are due to higher crude oil prices and strong US drilling activity. Despite the recent gains, Hi-Crush Partners has lost 32.4% in the past year. Hi-Crush Partners is among the top MLP picks for 2018. To learn more, read Strong Expected Earnings Could Make Hi-Crush Promising for 2018.
Sunoco LP (SUN), the MLP subsidiary of Energy Transfer Equity (ETE), is involved in wholesale marketing and distribution of refined products. It was the fourth-highest MLP gainer last week. Sunoco LP rose 10.8%. It rose following positive rating updates last week.
Other top MLP gainers
Natural Resource Partners (NRP), SunCoke Energy Partners (SXCP), Andeavor Logistics (ANDX), NuStar Energy (NS), Enable Midstream Partners (ENBL), and Martin Midstream Partners (MMLP) were among the top MLP gainers last week.
Next, we’ll discuss the top MLP losers last week.