In recent months, the midstream sector has delivered positive performance, driven in part by a favorable change in policy by the Federal Energy Regulatory Commission and strong second-quarter earnings in many of the midstream subsectors.
Even with these positive developments, though, midstream equity prices have remained range-bound at mid-2016 levels, when crude oil prices were still below $50 per barrel.
In Getting Credit Where Credit Is Due, the team reviews:
- The strong fundamentals for the sector.
- The factors that may be driving the current disconnect between fundamentals and price performance.
- Why the sector seems well positioned for the future.