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Over the past six months, the benchmark Alerian MLP Index has risen 8.9%, outpacing the S&P 500’s 6.9% gain
Pipeline stocks are back from the dead.
Revved up earnings, thanks to record U.S. oil and gas production, and clarity on a federal tax ruling have lifted shares of energy master limited partnerships, which own and operate pipelines.
These companies, known as MLPs, have helped themselves as well. They have sold assets to pay down debt, reduced...