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.
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.
04/26/18: Streaminlining Before Simplification
We share our take on EQT Midstream Partners LP and EQT GP Holdings LP’s first-quarter results, their “streamlining” transactions annoucned today and the outlook for an eventual simplification deal.
Why Master Limited Partnerships Are Issuing More Bonds and Preferred Stock
Equity issuance by master limited partnerships (MLP) has fallen off a cliff this year, but these names have stepped up their sales of bonds and preferred units.
Why Nontraditional Master Limited Partnerships Have Outperformed in 2018
A lack of market depth means that some of the highest-quality master limited partnerships have struggled to gain traction this year, helpting to explain why many of this year’s top performers come from off the beaten path.
Focus List Update: Holding Their Own
Our stock selection in the upstream segment has proved fortuitous in an earnings season where the market has punished companies that reported disappointing results and/or guidance.
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.
Portfolio News and Moves
Fourth-quarter earnings season is in full swing. Recent results and developments have prompted us to adjust our buy targets on a few holdings.
MLPs: Review and Outlook
We explain why we remain selectively bullish on master limited partnerships in 2018, discuss key opportunities and areas of risk, analyze trends in mergers and acquisitions, and highlight our favorite picks for the coming year.
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Live Chat with
Elliott and Roger on Aug. 27, 2019
Portfolios & Ratings
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Our take on more than 50 energy-related equities, from upstream to downstream and everything in between.
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Our assessment of every energy-related master limited partnership.
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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