MLP Performance | MLPs Message Board Posts

MLPs   /  Message Board  /  Read Message

 

 






Keyword
Subject
Between
and
Rec'd By
Authored By
Minimum Recs
  
Previous Message  Next Message   Post Message   Post a Reply return to message boardtop of board
Msg  122175 of 123355  at  8/10/2020 3:02:52 PM  by

tulsatea


MLP Performance

Hinds Howard--Earnings this week highlighted strong cost control among gathering & processing stocks (DCP and ENLC notable in this respect), the return of shut-in production, and plenty of capacity across midstream infrastructure that should lead to less capital expenditures for midstream for a while. Also notable was how ET and PAA posted less robust crude marketing results than EPD’s results last week seemed to imply.

WMB’s strong results and buzzword-heavy earnings call (not quite as many climate buzzwords as BP, but close) won the day on Tuesday when it traded up 8% to its highest price since mid-February. Spiking natural gas prices helped, although differentials to the Northeast have expanded with the spike in prices at Henry Hub.


Some massive moves among MLPs this week, including ENBL leading the way with 26.7% gain on its earnings and renewed hope that the new CNP CEO can figure out how to get it sold. GLP rallied on last week’s distribution increase and this week’s Q2 earnings release. DCP crushed expectations with its results, sparking a short covering rally Thursday. On the other end of the spectrum, GEL was down on weaker Q2 results and 2020 outlook.
 


     e-mail to a friend      printer-friendly     add to library      
| More
Recs: 15     Views: 216
Previous Message  Next Message   Post Message   Post a Reply return to message boardtop of board






Financial Market Data provided by
.


Loading...