Punxsutawney Phil Said Spring Will Come Early, but Will the Oil Recovery?
February always feels like winter will never end. This is the point in the energy cycle when it feels like supply and demand will never balance. Spring, and a recovery, will eventually come.
What Happened in May? Think Horses Not Zebras
Two data points don’t make a trend. If you look around at other transactions, the use of the MLP structure is alive, well, and thriving.
What Happened: What the King Thinks of Chicken Little (December 2014)
2014 did not end on a high note. Crude kept falling, investors harvested tax losses, and E&P MLPs lost their shirts. Despite this, the sky is not falling, Chicken Little.