Just like the rest of the oil and gas sector, the U.S. midstream oil and gas segment has been hugely disrupted by the plunge in global energy demand spawned by the coronavirus pandemic. Since the beginning of the current year, many North American midstream players have seen their market values cut roughly in half, with huge pullbacks in production as well as a ramping down of capacity by refineries, liquefaction facilities, and exporters taking a heavy toll. To make matters worse, many of these businesses have historically demonstrated weak earnings…
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