2019 Midstream Outlook (Alerian): Midstream Fundamentals Are Strong

Potential Catalysts Oil price improvement Generalist or new investors entering the space MLP unit buybacks (likely limited) Major private equity transaction Tailwinds Conclusion of restructurings Positive momentum from strong 2Q18 and 3Q18 results Solid guidance for 2019 Becoming more investable (IDR eliminations, self-funding equity, distributions stabilizing) Headwinds Oil price weakness Underinvestment in energy Bottom Line […]

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