Talking Point #1: Over the past 18 months we’ve seen basis differentials rise quite sharply. Those regional pricing differences for crude oil and natural gas are up at least in part to insufficient pipeline infrastructure, including what serves key shale fields like the Permian Basin. Has this resulted in a surge of capital spending (CAPEX) to build new pipelines and gathering networks? Is there a risk of overbuilding?
RC: There are certainly a number of pipeline projects underway in west Texas. That’s one big reason I’m very confident that Kinder Morgan (NYSE: KMI) will keep moving the profit meter in the right direction: They have two of big pipes in development to move natural gas from the Permian Basin to the Gulf Coast.
Your complete guide to energy investing, from growth stocks to high-yielders.
In October 2012, renowned energy expert Elliott Gue launched the Energy & Income Advisor, a twice-monthly investment advisory that's dedicated to unearthing the most profitable opportunities in the sector, from growth stocks to high-yielding utilities, royalty trusts and master limited partnerships.
Elliott and Roger on Jul. 1, 2019
Balanced portfolios of energy stocks for aggressive and conservative investors.
Our take on more than 50 energy-related equities, from upstream to downstream and everything in between.
Our assessment of every energy-related master limited partnership.
Roger Conrad’s coverage of more than 70 dividend-paying energy names.