Midstream: The Strong Get Stronger
Chances are you’ve seen the disqualifier “past performance may not be predictive of future results.” But while that’s perfectly apropos for financial products and services, the opposite is increasingly true for midstream energy companies and MLPs.
For example, a company with a high distribution coverage ratio one quarter is much more likely to have a higher one the next than a company with narrow coverage. That’s because the high coverage company is by definition holding in more cash, and is therefore less dependent on capital markets to fund CAPEX to build further cash flow.
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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 Jan. 29, 2021
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