Midstream and Upstream MLP Gainers and Losers on November 19
VTTI Energy Partners (VTTI) was the top gainer among midstream MLPs at the end of trading on Thursday, November 19. VTTI rose 6.7% yesterday.
VTTI Energy Partners
VTTI Energy Partners has returned -19.3% YTD (year-to-date). The partnership mainly provides refined products, crude oil, and LPG (liquefied petroleum gas) storage services. The partnership’s six storage terminals have a combined total storage capacity of 35.5 MMbbls (million barrels).
Western Refining Logistics
Western Refining Logistics (WNRL) is next on our list of the top midstream MLP gainers. It rose 2.0% yesterday. It has returned -23.6% YTD. Western Refining Logistics was formed by Western Refining (WNR) to own, operate, and develop pipelines, storage tanks, terminals, and other logistics assets.
The next three MLPs on the list of the top five midstream MLP gainers on November 19 are Delek Logistics Partners (DKL), Midcoast Energy Partners (MEP), and Sunoco Logistics Partners (SXL). They rose 1.3%, 0.84%, and 0.54%, respectively. They have returned -9.50%, -20.6%, and -29.0% YTD.
Sunoco Logistics Partners mainly provides crude oil, NGL (natural gas liquid), and refined products transportation and terminaling services. Apart from this, it’s also involved in the crude oil acquisition and marketing business. For an in-depth analysis of Sunoco Logistics Partners’ 3Q15 operating performance, read How 3 Energy Transfer Group MLPs Performed in 3Q15.
The Alerian MLP ETF (AMLP) and the UBS ETRACS Alerian MLP ETN (AMU) fell 1.6% and 1.8%, respectively, yesterday. Sunoco Logistics Partners accounts for 5% of AMLP. For context, the upstream energy company heavy SPDR S&P Oil & Gas Exploration & Production ETF (XOP) fell 2.6% on the same day.
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