MLPX, AMZA: No More Alpha On Mid-Stream O&G (Archive)
Midstream O&G ETFs face subdued demand and I now rate MLPX and AMZA ‘hold’.
This 5-Minute Pitch was originally published on Seeking Alpha before the launch of the Hunting Alphas website. It is shared here to showcase my previous work and track record. New 5-Minute Pitches published on this site will not be disseminated anywhere else.
Elevator Pitch
- My previous bullish pick on a mid-stream O&G ETF has generated 5.04% alpha in a month. Now, I am changing my stance on the sector to a neutral 'hold'.
- A warmer EU winter implies lower volume demand.
- Slowing economic activity to curb top-line growth.
- A low-growth economic outlook is another headwind.
- On the technical side, I think a ranging price action would be expected for the period to come.
Read the full article here.
Disclosures and Disclaimers
Past performance ≠ future results. Not investment advice. See full Disclaimer.
Comments ()