Energy infrastructure, or midstream, stocks took a beating last week when the Federal Energy Regulatory Commission announced policy changes that would negatively affect the tax treatment of pipelines. At one point the Alerian MLP Index, or AMZ, was down around 9% on the news. Analysts say market reaction was generally overblown, as the change won't affect that many midstream companies. Among the hurt is Enbridge Energy Partners, which cut its revenue estimate this year by $100 million and its discounted cash flow estimate by $60 million. "We therefore view weakness in PAA/PAGP and EPD as a buying opportunity," they said.

Source: Forbes March 23, 2018 03:33 UTC