Berry Petroleum came out with quarterly earnings of $0.12 per share, missing the Zacks Consensus Estimate of $0.14 per share. This compares to earnings of $0.11 per share a year ago. These figures are adjusted for non-recurring items.

In the year of the coronavirus recession, however, that strength is a relative measure. Compared to previous months, the market appears strong. Compared to a year ago, the market looks like its been whacked, which in truth, it has.

Pipelines are no longer synonymous with MLPs, even though many funds behave as if they are. Fund flows and relative performance show investors are taking notice.