Although the mainstream media tends to focus on natural gas and crude oil when discussing the energy sector, natural gas liquids (NGL) are an important, if often overlooked, part of North America’s energy landscape.
This group of hydrocarbons, which occur underground with natural gas (methane) and crude oil, comprises five distinct commodities: ethane, propane, butane, isobutane and natural gasoline.
Rising US ethane exports, coupled with the start-up of the first wave of large-scale ethane crackers on the Gulf Coast in 2017, could dramatically change the supply-demand dynamics in this part of the NGL market. We highlight the best ways for conservative and aggressive investors to profit from this trend.
US natural-gas exports to Mexico will continue to grow over the next five years, creating opportunities for investors north and south of the border.
These emerging shale plays are driving the recent recovery in Midcontinent drilling activity.
Master limited partnerships issued significant amounts of debt and equity to build pipelines and other infrastructure needed to support the shale oil and gas revolution. The midstream construction boom has started to wind down, ushering in a period of consolidation when management teams focus on strengthening their balance sheets.
Weak demand, a wave of contract expirations and excessive leverage are all reasons to remain bearish on offshore contract drillers. Investors should continue to avoid these value traps.
We dig into the five master limited partnerships with the highest percentage of short interest.
The energy industry’s growing consumption of fresh water for hydraulic fracturing and approaches to disposing the resulting wastewater have created significant challenges. We highlight some of the solutions.
This week brought rush of third-quarter earnings and three acquisitions involving midstream MLPs. Here’s our take on this flurry of deal announcements.
US oil production appears to be bottoming, but investors seeking to profit in an environment where prices will likely range between $40 and $60 per barrel must pay attention to basin-specific trends as well as companies' balance sheets and acreage quality.
We delve into some the recent trends in mergers and acquisitions involving master limited partnerships and other midstream operators.
Elliott and Roger on Jan. 31, 2017
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