Why Smart Energy Investors Are Watching Ethane
Expansions to the Gulf Coast refinery complex will translate into higher ethane demand in the US, creating opportunities for short-term trades and longer-term wealth building.
The Discount On MLP Equity Offerings Narrows
Narrowing discounts on midstream MLPs’ overnight equity offerings bode well for the group.
US Oil Production Shifting Into Growth Mode
The Energy Information Administration recently hiked its estimates for US oil production in 2017.
Why US Natural-Gas Exports to Mexico Continue to Grow
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.
What’s Behind the Recovery in the Midcontinent Rig Count?
These emerging shale plays are driving the recent recovery in Midcontinent drilling activity.
MLPs: Mind the Balance Sheet
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.
Why We’re Still Bearish on Offshore Contract Drillers
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.
MLP Equity Issuance: Past and Present
Overall equity issued by energy-focused master limited partnerships (MLP) declined by 58 percent last year; we expect this trend to continue in 2016.
Head Fakes, Oil Inventories and Hedges
Our near-term outlook for crude-oil and natural-gas prices hasn’t changed, though investors should consider taking profits on demand-oriented names that tend to thrive when oil prices dive.
The Upstream Cash Flow Crunch
The severe downdraft in the prices of crude oil, natural gas and natural gas liquids has pressured producers’ cash flow and outpaced reductions to service costs and capital expenditures. Accordingly, the cash flow shortfalls that predominated in the salad years have continued in the lean years, setting the stage for further spending cuts in 2016.
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Live Chat with
Elliott and Roger on Jul. 27, 2017
Portfolios & Ratings
Model Portfolios
Balanced portfolios of energy stocks for aggressive and conservative investors.
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Our assessment of every energy-related master limited partnership.
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Experts
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Roger S. Conrad
Founder and Chief Analyst: Capitalist Times and Energy & Income Advisor
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Elliott H. Gue
Founder and Chief Analyst: Capitalist Times and Energy & Income Advisor
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Peter Staas
Managing Editor: Capitalist Times and Energy & Income Advisor