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.
The Legal Boost For Pipelines
Most LNG export terminals are built when three quarters or more of their liquefaction capacity has been pre-sold to customers. This ensures that the project will generate cash needed to repay its financiers, since there’s not much else you can do with it other than export natural gas. Buyers have to pay the agreed liquefaction […]
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 […]