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.
Crude Catches a Virus
We’re in one of those times when everything is a macro call. Stocks and sectors are, for now, more highly correlated, since Coronavirus developments are dominant. Click here for some cool graphics illustrating its spread. The recent recovery in stocks echoes the information on the link. We won’t attempt to offer any insight on the […]
Kinder Morgan’s Slick Numeracy
A Chief Financial Officer needs to know her way around a financial statement. Presenting operating performance in the best possible light is a highly valuable skill. We watched Kinder Morgan’s (KMI) Analyst Day last week via webcast, and my admiration is split between (1) KMI President and former CFO Kim Dang’s deft maneuvering among numbers, […]
Washington-DC Based Energy Experts Offer Their Outlook
We had an opportunity to meet with a Washington-DC based independent research firm, specializing in energy policy and geopolitics last week. The following is from our notes on their discussion. On Iran, one principal, a highly decorated ex CIA officer and Iran expert, thought markets continue to underestimate the risk to oil infrastructure and production […]
Why Oil Production May Disappoint
E&P companies routinely drill wells but hold off completing them until a later date. Completion includes creating a cement outer wall for the well to avoid leaks, and firing holes in the exterior in preparation for injection of fracking fluid under pressure. Typically wells can be drilled in sequence, as the drilling equipment is moved […]