Last Week’s Strongest Exploration and Production Stocks
Black Stone Minerals (BSM), a mineral interest owner structured as an MLP, was the strongest E&P (exploration and production) stock last week, rising 11.1%. This growth may have been due to its strong second-quarter earnings and gains in natural gas prices. Its distribution rose 8% year-over-year during the quarter, and the partnership increased its 2018 production guidance. BSM has risen 6.4% this year, while peer Viper Energy Partners (VNOM) has risen 59%. For a comparison of the two royalty owners, read VNOM and BSM: A Comparative Analysis of Two Mineral Interest MLPs.