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.
Why Shale Upends Conventional Thinking
Long time subscribers will recall that back in 2015 this blog sought ever more creative and different ways to communicate the same message, which was that MLP prices had fallen far enough and represented compelling value. Bear markets have an unfortunate tendency to last longer than their opponents would like. Although the sector rebounded strongly […]
MLP Investors Digest Supply
My partner Henry Hoffman and I spent Thursday last week at the Capital Link MLP Investing Forum in New York. The mood was cautiously optimistic but certainly wary of another commodity-linked swoon in prices. Meeting one-on-one with company managements is often the best part of such events. We had a very useful discussion with Crestwood’s […]
Shale Security
America’s path to Energy Independence is taking place through myriad advances in hydrocarbon output, driven by the many advantages we possess. In America Is Great! we noted the benefits of America’s energy sector’s large skilled labor force, access to capital, culture of entrepreneurialism, constant drive for productivity improvements, ready availability of water, vast network of […]
The Sand Rush
The resilience of the Shale Revolution in in the face of the 2015-16 oil price collapse is due in large part to dramatic improvements in productivity. Exploration and Production companies have strived to achieve more while using less of everything. Fewer rigs, for shorter times; less cement by drilling multiple wells on a pad; less […]
The Changing Face of Oil Supply
There’s a developing paradigm shift under way in the oil market. It is manifesting itself through the quarterly earnings reports of many energy sector companies. At a high level, discoveries of new oil and gas fields recently fell to a 60-year low. Last year there were 174 oil and gas discoveries, compared with 400-500 a […]