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Energy Stocks

Opportunities Emerge for Two MLPs

By Elliott H. Gue, on Mar. 29, 2017

With OPEC and other major oil-producing nation’s agreements to cut production in the rearview, the market’s focus shifts toward compliance with these reductions and the potential recovery in US oil production as operators accelerating drilling and completion activity.

Against this backdrop, potential upside in crude-oil prices appears limited in the near term, while hedge funds’ massive long positions in West Texas Intermediate futures creates an elevated risk of liquidation.

This volatility has contributed to pullbacks in some of our favorite master limited partnerships (MLPs). Now, therefore, is a good opportunity to initiate new positions or add to existing ones.

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