-
Posted by
Two Blokes Apr 21 -
Filed in
Stock
-
2 views
Traditional oil majors have underperformed, while MLPX has delivered a 27% return over the past year, outperforming the S&P 500 and XLE. MLPX invests in midstream infrastructure entities, offering high yields and avoiding fund-level taxes, but its valuation has become stretched. Despite strong seasonal trends, technical indicators suggest a consolidation phase, with resistance around $62 and potential support from dip buyers.
