Midstream and downstream oil and gas stocks have slid somewhat under the radar this summer, as the big boys took center stage in the aftermath of the big oil price run-up of 2011. But that doesn't mean there aren't midstream stocks, funds, and partnerships worthy of a savvy investor's attention. Wall Street wise guys have long held that midstream oil and gas companies are a good, solid hedge against volatile com- modity prices. According to Raymond James vice president Darren Horowitz, midstream master limited partnerships, especially the pipeline and storage com- panies, are a good way for skittish inves- tors to play the oil and gas side of the financial markets. Any direct moves into the market run the risk of increased com- modity price volatility and frequent sup- ply variations, he says. But that's not as likely for limited partnerships.
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