In a new report, Morgan Stanley analyst Tom Abrams expands the company’s MLP coverage by initiating ratings on a number of midstream names. According to Abrams, the firm is beginning to see improvement in the MLP multiple compression that has weighed on top names throughout the oil downturn.

Although Abrams believes there is still a significant chance MLP prices could fall to new lows, he notes that progress has been made in approaching a bottom.

“That said, many midstream firms continue to have the negatives of funding issues, overly levered balance sheets, and headwinds of declining EBITDA into 2017 and 2018, particularly in a lower-for-longer environment,” he explained.

Abrams says…

Click here to continue reading

Want to learn more about how to profit off the stock market? Or maybe you just want to be able to look sophisticated in front of your coworkers when they ask you what you are reading on your Kindle, and you’d prefer to tell them “Oh, I’m just reading a book about stock market analysis,” rather than the usual “Oh, I’m just looking at pics of my ex-girlfriend on Facebook.” For these reasons and more, check out my book, Beating Wall Street with Common Sense. I don’t have a degree in finance; I have a degree in neuroscience. You don’t have to predict what stocks will do if you can predict what traders will do and be one step ahead of them. I made a 400% return in the stock market over five years using only basic principles of psychology and common sense. Beating Wall Street with Common Sense is now available on Amazon, and tradingcommonsense.com is always available on your local internet!