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.

Bond Buyers And Tariffs

SL Advisors Talks Markets
SL Advisors Talks Markets
Bond Buyers And Tariffs
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Although the US is energy independent and a net exporter of petroleum products, we still import certain blends of crude. Canadian tar sands oil is the heavy type for which American refineries are configured as is Mexican oil. Shale oil is lighter. So we buy what we are set up to handle and sell what […]

Cheaper AI Probably Means More

SL Advisors Talks Markets
SL Advisors Talks Markets
Cheaper AI Probably Means More
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Following Monday’s “sputnik moment” for AI the market has had a few days to consider the ramifications of DeepSeek’s apparent breakthrough. Mark Zuckerberg reaffirmed Meta’s plans to spend $60-65BN on data centers. They have embraced an open-source approach to AI, believing that sharing code freely will drive penetration. Since DeepSeek also published their code any […]

Pipelines And The Jevons Paradox

SL Advisors Talks Markets
SL Advisors Talks Markets
Pipelines And The Jevons Paradox
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Venture capitalist Marc Andreessen called it, ”AI’s sputnik moment.” The news that Chinese start-up Deepseek may have leapt ahead of the US in AI caused an unpleasant start to the week. In 1957 Sputnik’s orbit led to the creation of NASA and fears that Russian satellites could attack the US from space. While Americans have […]

Nothing Ventured, Nothing Gained

SL Advisors Talks Markets
SL Advisors Talks Markets
Nothing Ventured, Nothing Gained
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One source of recent volatility in midstream has come from a stock that wasn’t even listed – Venture Global (VG), the LNG exporter whose IPO priced on Thursday. The fundamentals could not be more positive. Trump has reversed the LNG export pause, wants US energy dominance and asked our trading partners to buy more American […]

The Energy Story’s Trifecta

SL Advisors Talks Markets
SL Advisors Talks Markets
The Energy Story’s Trifecta
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I was chatting with an investor the other day, and he remarked that there are three powerful legs to the midstream story. They are demand growth for natural gas; attractive valuation; the incoming administration’s support for traditional energy. He felt that there’s too little appreciation of the underlying support from these three elements. Last year […]