MLP SHORTERS

摘要

Upstream master limited partnerships took a wholesale hit to the bottom line in July. The reason may be an immature-investor temper tantrum. The 12-strong E&P MLP sector came "under siege" that first week, declared Robert W. Baird analyst Ethan Bellamy in a research note, a perfect storm of converging factors that stripped $3 billion in market capitalization (18%!) from the group. "The bear raid has created a four-standard deviation gap from normal upstream-to-mid-stream MLP spreads," he reported.