It does not take a genius to know that the energy sector is out of favor. Oil & gas producers and midstream companies are currently bearing the brunt of it. Midstream companies usually have long term take-or-pay contracts with customers and provide product marketing.
Issue 45 – Out of Favor, But Far from Out
It does not take a genius to know that the energy sector is out of favor. Oil & gas producers and midstream companies are currently bearing the brunt of it. Midstream companies usually have long term take-or-pay contracts with customers and provide product marketing.
Disclaimer: Palos Funds are shareholders of KEY.
By Charles Marleau, CIM & Joany Pagé, CFA
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