Understanding Midstream’s Fee-Based EBITDA & Defensiveness
To understand midstream’s defensiveness during periods of volatile commodity prices, it’s important to examine the fee-based business models. Midstream has remained defensive and has held up better than broader energy amid weakening oil prices in recent weeks. West Texas Intermediate (WTI) crude, the U.S. benchmark, has dropped 16.9% from its high on January 15 through [...] The post Understanding Midstream’s Fee-Based EBITDA & Defensiveness appeared first on ETF Trends.
To understand midstream’s defensiveness during periods of volatile commodity prices, it’s important to examine the fee-based business models. Midstream has remained defensive and has held up better than broader energy amid weakening oil prices in recent weeks. West Texas Intermediate (WTI) crude, the U.S. benchmark, has dropped 16.9% from its high on January 15 through [...]
The post Understanding Midstream’s Fee-Based EBITDA & Defensiveness appeared first on ETF Trends.
