1. Selloff Hits Energy Pipeline Firms.
- Author
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STRUMPF, DAN and DRIEBUSCH, CORRIE
- Subjects
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MASTER limited partnership , *PETROLEUM sales & prices , *ENERGY storage equipment industry , *ENERGY industries , *STOCK prices , *FINANCE - Abstract
The article discusses the impact of a selloff in master limited partnerships (MLPs) that was outpacing the decline of oil prices on energy pipeline and storage companies as of mid-October 2015. According to the article, the index the NYSE Alerian MLP Index lost 25 percent as of mid-October 2015 while domestic crude oil prices had declined by 11 percent. The article discusses the decline in shares of stock in firms such as Plains All American Pipeline LP and Linn Energy LLC.
- Published
- 2015