In the September Energy Update, Westwood’s Senior Vice President Parag Sanghani reviews the midstream energy sector’s strong year-to-date performance, with the Alerian Midstream Energy Index (AMNA) up 5% despite a broader energy market decline. He highlights supportive crude oil prices driving volume growth and anticipates a rebound in volumes and continued focus on shareholder returns through dividends and buybacks in the Q2 earnings season. US and Canadian C-corps like OKE and ENLC outperformed MLPs in August, while consolidation remains a key theme, with Enbridge and TC Energy performing well. There is also a reasonable chance that OPEC may cut production to support oil prices in the coming quarters.
Watch the full video here.
Latest articles
This data feed is not available at this time.
Data is currently not available