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TRP, ENB: Canadian Midstream Companies Are in the Red in 2018

Ruth King
Updated
TRP, ENB: Canadian Midstream Companies Are in the Red in 2018

TransCanada (TRP) and Enbridge (ENB) have fallen 16.0% and 19.0%, respectively, so far in 2018. The stocks underperformed the Energy Select Sector SPDR ETF (XLE), which is up 4.0% year-to-date. Kinder Morgan (KMI) has fallen 10.0%, and Kinder Morgan Canada (KML.TO) has fallen 12.0% so far in 2018. In comparison, crude oil prices are up ~11.0% year-to-date.

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