NuStar Energy LP Brings the Pain, But We Remain Selectively Bullish on MLPs
NuStar Energy LP’s 45 percent distribution cut provides yet another sign of the changing of guard underway in the midstream industry. That said, amid all this pain, we remain selectively bullish on master limited partnerships.
Dividends Aren’t Enough in a Tough Tape for E&P Stocks
Anadarko Petroleum and Pioneer Natural Resources announced dividend increases and share buybacks earlier this week, signaling a commitment to capital discipline and returning capital to shareholders. But concerns about US production growth and the near-term risk posed by the massive long position money managers have amassed in Brent and Wext Texas Intermediate futures have ruled the day.
Q4 Takeaways: Big Growth and High Stakes in the Permian Basin
We examine some of the key takeaways from Enterprise Products Partners LP’s fourth-quarter results and earnings call and Parsley Energy’s widely panned operational update.
Why Kinder Morgan’s Results Matter
Midstream heavyweight Kinder Morgan (NYSE: KMI) kicked off fourth-quarter earnings season for the energy sector last week. Here are our thoughts.
MLP M&A: What’s the Deal?
We survey the outlook for mergers and acquisitions involving master limited partnerships.
Two Acquisitions, Two Selloffs: Key Takeaways from Recent M&A Activity in the US Onshore Market
We explore the lessons from the market’s reaction to Oasis Petroleum’s recently announced asset purchase in the Permian Basin and Noble Midstream Partners LP’s new joint venture in the Denver-Julesburg Basin.
No Longer A Keystone for TransCanada
We explore what the Nebraska Public Service Commission’s approval of the Keystone XL pipeline’s cross-border segment really means for TransCanada Corp.
A Changing of the Guard in Midstream Master Limited Partnerships
Massive distribution cuts from the likes of Plains All-American Pipeline LP have severely damaged midstream master limited partnerships’ (MLP) reputation among income investors. But our favorite MLPs trade at favorable valuations and offer exposure to compelling volumetric growth stories.
A Tale of Two MLP IPOs
The divergent performance between Noble Midstream Partners LP and Hess Midstream Partners LP since their initial public offerings demonstrates what investors value in an environment where energy prices remain lower for longer.
Permian Basin to Take Market Share in a Short-Cycle World
Break-even rates continue to fall across the board in US shale plays, but the efficiency gains that come from exploiting multiple oil-bearing formations with the same infrastructure give the Permian Basin an edge in the battle for market share.
 |
|||
 |
 |
 |
|
 |
|||
 |
 |
||
 |
|
|
|
Live Chat with
Elliott and Roger on Feb. 27, 2020
Portfolios & Ratings
Model Portfolios
Balanced portfolios of energy stocks for aggressive and conservative investors.
Producers and Drillers
Our take on more than 50 energy-related equities, from upstream to downstream and everything in between.
MLPs and Midstream
Our assessment of every energy-related master limited partnership.
International Coverage
Roger Conrad’s coverage of more than 70 dividend-paying energy names.
Experts
-
Elliott H. Gue
Founder and Chief Analyst: Capitalist Times and Energy & Income Advisor
-
Roger S. Conrad
Founder and Chief Analyst: Capitalist Times and Energy & Income Advisor