Investors have an enduring love affair with liquefied natural gas (LNG), likely because of the highly publicized political debate over whether the Dept of Energy would approve proposed export schemes to ship US natural gas overseas.
After a prudent period of study, the Obama administration in May 2013 ended the moratorium on approving LNG exports to countries with which the US doesn’t have a free trade agreement--a crucial component for any proposed terminal to move forward.
Meanwhile, investors salivate over the wide spread in commodity prices between North America, which has more than enough production, and Asia, where natural-gas prices track the price of Brent crude oil.
In this issue, we explore the factors driving the supply and demand balance in the near term and over the next five years, while highlighting our favorite plays on the coming boom in Australian LNG projects.
The next issue of Energy & Income Advisor will spotlight our favorite plays on US and Canadian LNG exports--and some stocks to avoid for tactical and fundamental reasons.
Crude-oil inventories in Cushing, Okla., the delivery point for West Texas Intermediate (WTI), have tumbled by 44 percent from year-ago levels.
Income-seeking investors all too often pick the master limited partnerships (MLP) in their portfolios based on their distribution yields, ignoring critical factors such as the underlying business, growth potential and valuations relative to their peers.
With US propane production expected to increase by another 18 percent this year as new gas-processing and fractionation plants come onstream, US exports remain an important release valve to help balance the domestic market.
West Texas Intermediate (WTI) crude oil slipped into backwardation last year, a situation where volumes for future delivery trade at a lower price than the prevailing rate.
At Enterprise Products Partners LP's recent analyst meeting, management shared its updated forecast for North American energy markets, highlighting several emerging opportunities that have broader investment implications.
Investors shouldn’t mistake this seasonal surge in propane and natural-gas prices for a durable rally; the underlying supply and demand trends that prevailed before the Polar Vortex are still in play.
Every month, Roger Conrad and I host an exclusive Live Chat with Energy & Income Advisor subscribers. February's four-hour discussion was particularly lively; we decided to present an excerpt of some of our readers’ most frequent questions and our responses.
The uncertainty surrounding the cross-border leg of TransCanada Corp's Keystone XL pipeline hasn't diminished the company's growth prospects. We examine the investment opportunities behind the controversy.
Buckeye Partners LP rewarded patient investors with a 70 percent total return after resuming distribution growth, while Boardwalk Pipeline Partners LP gave up almost half its value after slashing its payout by 80 percent. These master limited partnerships' divergent fortunes hold important lessons for investors.
Elliott and Roger on Apr. 28, 2014
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