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North American Midstream Energy Quarterly Commentary June 2020

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NAME Quarterly Commentary – June 30, 2020

The second quarter of 2020 saw a continuation of the volatility from the first quarter in the Midstream energy space. The Alerian MLP Index (Ticker: AMZ) returned +50.08%, helping recover somewhat after its return of -57.19% from the first quarter. This change was largely driven by oil supply cut agreements reached by OPEC, the U.S. and Russia, as well as the reopening of many economies following shut-downs due to COVID-19. While these events certainly bode well for midstream energy, a fair amount of uncertainty persists.
Toward the end of the quarter, a few high-profile bankruptcies among oil and gas producers…

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