EUROPE’S ENERGY CRISIS IS KEEPING ENERGY PRICES HIGH
America leads the world in oil and gas production. We believe midstream energy infrastructure offers predictable cash flows to investors.
AI, Trump And The Yield Curve
The other day I listened to an interview with the CEO of Anthropic, Dario Amodei, on an Economist magazine podcast. Anthropic is in AI safety and research. They write large language models for sectors including healthcare and financial services. Many people think AI will create such fundamental change that it will eliminate jobs across large […]
Energy Transfer Helps Kinder Morgan Investors
On Wednesday Energy Transfer (ET) announced plans to extend its Transwestern Pipeline from Waha in the Permian Basin in west Texas to Phoenix. The Desert Southwest expansion project will improve the egress of natural gas from a region where it’s often produced along with crude oil, which is generally more desirable. The pipeline will support […]
Every Issue Is Linked To Trade
July was action-packed for LNG names. On July 11 Morgan Stanley raised their price target on NextDecade (NEXT) to $15, having last moved it to $10 in October 2022. The stock rose 18% to $10.77 on the news and added further gains during the month. Morgan Stanley’s upgrade was the only news of note, but […]
Trade Deals Boost LNG Stocks
European Commission president Ursula von der Leyen described the US-EU trade agreement as “huge”, demonstrating a helpful grasp of President’s Trump’s lexicon. The imposition of tariffs and the threat of punitive ones has gone remarkably smoothly. That may not always be so, but for now markets are buoyant and inflation only modestly higher. The White […]
Another Power Auction Hikes Electricity Prices
PJM Interconnection announced the results of their capacity auction last week. This is where suppliers of electricity quote prices to provide surge capacity for periods of high demand (typically hot summer days). It used to be uneventful until last year, when the clearing price was 9X higher than before. This led to the price hikes […]