MLPA: The Stabilizing Rig Count Is A Positive Signal For MLPs
MLPA: The Stabilizing Rig Count Is A Positive Signal For MLPs 3Right when the fundamentals looked strong, the Coronavirus came in and renewed negative sentiment surrounding oil & gas MLPs. The recent sell-off in MLPs has pushed the Global X ETF’s dividend yield up to 11%. Now that per-rig production has topped out and rig-counts have stopped declining, it is likely that MLP’s revenue will stabilize.
News story posted on 2020-02-27T10:47:00.0000000Z