Key Takeaways Midstream players offer stable cash flows, reducing exposure to volatile oil and gas prices.WMB, KMI and EPD benefit from vast pipeline networks that secure predictable revenues.Many companies have significant project backlogs supporting future fee-based cash flows.The oil and energy market is highly volatile, reflecting how most companies in the sector are very sensitive to fluctuations in oil and natural gas prices. However, that doesn’t mean risk-averse investors should avoid the sector. Th ...