Market Cheat Sheet Feb. 3, 2019

“China’s economic expansion languished to its slowest pace in nearly three decades last year, as a bruising trade fight with the U.S. exacerbated weakness in the world’s second-largest economy. The 6.6% growth rate for 2018 reported Monday is the slowest annual pace China has recorded since 1990. The economic downturn, which has been sharper than […]

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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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