10/13/17: Slowing But Still Growing
Enterprise Products Partners LP’s decision to slow its rate of distribution growth comes from a position of strength.
International Review
We break down some of the major themes and opportunities in Canada and Australia’s energy patches, including consolidation in the oil sands, ongoing takeaway constraints in Alberta and restrictions on LNG exports.
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.
On the Prowl at the MLP Association’s Annual Investor Conference
Over the past 12 months, the difference between the top and bottom performers in the Alerian MLP Infrastructure Index amounted to about 60 percentage points. Capturing this upside requires on-the-ground intelligence, which is why we attend the MLPA Association’s annual investor conference every year.
Make Your Portfolio Great Again: Profit from the US Petrochemical Boom
The US is on the cusp of a boom in petrochemical capacity that creates significant opportunities in some market segments and serious risks for some former high flyers. Don’t miss out on your chance to ride the petrochemical wave.
MLP Ratings Update
In preparation for the MLP Association’s annual investor conference, we went through the exhaustive (and frequently exhausting) process of digging into and updating our comments for all the names in our MLP Ratings table.
Focus On The Permania
The latest additions to the Energy & Income Advisor Focus List have lagged of late, primarily because of the selloff in West Texas Intermediate crude oil. In light of these recent market moves, we we revisit our outlook and investment strategy.
Focus List Update: Underweight Upstream Pays Off, But Midstream Pulls Back
With the exception of Algonquin Power & Utilities Corp (TSX: AQN, NYSE: AQN), the names on our Focus List have pulled back over the past few weeks, though they have still outperformed the S&P 500 Energy Index.
The Discount On MLP Equity Offerings Narrows
Narrowing discounts on midstream MLPs’ overnight equity offerings bode well for the group.
Focus Up
Our Focus List has continued to outperform the S&P 500 Energy Index over equivalent holding periods. Note that we have dropped MPLX LP (NYSE: MPLX) from the Focus List after the stock gained more than 25 percent since early December and traded above our value-based buy target for more than a month.
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Live Chat with
Elliott and Roger on Sep. 26, 2017
Portfolios & Ratings
Model Portfolios
Balanced portfolios of energy stocks for aggressive and conservative investors.
Coverage Universe
Our take on more than 50 energy-related equities, from upstream to downstream and everything in between.
MLP Ratings
Our assessment of every energy-related master limited partnership.
International Coverage Universe
Roger Conrad’s coverage of more than 70 dividend-paying energy names.
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