Please ensure Javascript is enabled for purposes of website accessibility

MLPs Caught Fire This Week

By Matthew DiLallo - Feb 20, 2016 at 8:20AM

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

Midstream companies NGL Energy Partners, CONE Midstream Partners, Teekay, Targa Resources, and NuStar all jumped more than 20% this week.

Reports that some OPEC members, including Saudi Arabia, as well as non-member Russia, had proposed to freeze production sent oil higher this week. It also fueled a pretty fierce rally in the energy sector, with MLPs and other midstream companies in particular seeing huge gains, many jumping more than 20% this week. Leading the way, according to S&P Capital IQ data, were NGL Energy Partners (NGL -1.18%), CONE Midstream Partners (CNXM), Teekay (TK -0.41%), Targa Resources (TRGP 1.63%), and NuStar Energy (NS -0.53%)

That oil-fueled MLP rally was pretty much the only reason why NuStar Energy and NGL Energy Partners jumped this week. In some ways, this week's rally was just righting some recent wrongs with NGL Energy Partners rebounding a bit after its abysmal showing in just last week. Meanwhile, that rally plus stronger-than-expected fourth-quarter results fueled robust gains at CONE Midstream Partners and Teekay. Finally, Targa Resources' big move this week was also a bit of a relief rally after the company finally closed the acquisition of its affiliated MLP. 

To learn more about why these stocks moved so sharply, check out the following slideshow.

Matt DiLallo has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Invest Smarter with The Motley Fool

Join Over 1 Million Premium Members Receiving…

  • New Stock Picks Each Month
  • Detailed Analysis of Companies
  • Model Portfolios
  • Live Streaming During Market Hours
  • And Much More
Get Started Now

Stocks Mentioned

Teekay Corporation Stock Quote
Teekay Corporation
TK
$3.63 (-0.41%) $0.01
NuStar Energy L.P. Stock Quote
NuStar Energy L.P.
NS
$15.02 (-0.53%) $0.08
NGL Energy Partners LP Stock Quote
NGL Energy Partners LP
NGL
$1.68 (-1.18%) $0.02
Teekay LNG Partners L.P. Stock Quote
Teekay LNG Partners L.P.
TGP
Teekay Offshore Partners L.P. Stock Quote
Teekay Offshore Partners L.P.
TOO
Targa Resources Corp. Stock Quote
Targa Resources Corp.
TRGP
$69.28 (1.63%) $1.11
CNX Midstream Partners LP Stock Quote
CNX Midstream Partners LP
CNXM

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

Related Articles

Motley Fool Returns

Motley Fool Stock Advisor

Market-beating stocks from our award-winning analyst team.

Stock Advisor Returns
403%
 
S&P 500 Returns
128%

Calculated by average return of all stock recommendations since inception of the Stock Advisor service in February of 2002. Returns as of 08/16/2022.

Discounted offers are only available to new members. Stock Advisor list price is $199 per year.

Premium Investing Services

Invest better with The Motley Fool. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services.