The Hammer Falls on Sanchez: Who’s Next?
Eagle Ford, Texas-based midstream company Sanchez Midstream Partners (NYSE: SNMP) eliminated its quarterly distributions this week after the bankruptcy filing of its largest customer and general partner, Sanchez Energy Corp (OTC: SNECQ). The important question for most energy sector investors now is where the hammer will fall next.
Fear Rules But Q2 Earnings Measure Up
Second quarter results and guidance updates are now all in for Actively Managed Portfolio companies. Investors fleeing energy aren’t paying attention to the mostly positive numbers and guidance we’ve highlighted. But they continue to indicate a powerful reversal higher, particularly if oil prices can hold their summer trading range of $50 to $60 a barrel.
Midstream Looks to Kinder’s Earnings
Kinder Morgan Inc (NYSE: KMI) kicks off earnings reporting season for the US energy midstream sector with no real surprises.
Best Bets on Pipeline Politics
In an industry where time equals money, permits for new US oil and especially natural gas pipelines were once basically a formality. But the Federal Energy Regulatory Commission’s lack of quorum in early 2017 led to delays that allowed record fundraising by pipeline opponents and legal challenges to projects on an unprecedented scale.
From Berkshire to Buckeye: Value Hunters Finding Energy
Fair value is always in the eye of the beholder. But it’s clear big money is now seeking value in energy, despite fluctuating oil prices.
There’s Still Life in MLPs
The conventional wisdom is the MLP sector is dead money. That’s a mistake for several reasons.
12/28/18 Time for Some Year-End Moves
We still smell investor panic in the air. But the trading action of the past couple days is nonetheless encouraging, as the stock market has reversed big intra-day selloffs to finish higher.
Antero Merging, Adding Peyto, Staying with Noble
Antero Midstream Partners‘ (NYSE: AM) merger with its general partner is the latest “simplification deal in the MLP sector.
Inside Dominion’s Offer
Dominion Energy‘s (NYSE: D) offer could do a lot to resolve uncertainty surrounding Dominion Midstream Partners LP‘s (NYSE: DM) future.
Endangered Dividends List: Heed This Early Warning System
Last week, two more members of our Energy and Income Advisor Endangered Dividends List cut distributions. We strongly suspect they won’t be the last to do so before second quarter earnings reporting season is over.
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Live Chat with
Elliott and Roger on Jul. 31, 2019
Portfolios & Ratings
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Experts
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Elliott H. Gue
Founder and Chief Analyst: Capitalist Times and Energy & Income Advisor
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Roger S. Conrad
Founder and Chief Analyst: Capitalist Times and Energy & Income Advisor