Editor's Note: Earlier today, Hedgeye Energy analyst Kevin Kaiser published a 55-page "Midstream MLP Chart Book" institutional research deck highlighting key metrics and developments. As a reminder, Kaiser has been the lone MLP bear since the beginning on companies including Kinder Morgan and Linn Energy. He was recently featured in Barron's (MLPs: Is the Worst Over?).
The chart below compares the narratives floated about the MLP industry during the boom years (2000-2014) to the bust of 2015.
Click to enlarge
