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EUROPE’S ENERGY CRISIS IS KEEPING ENERGY PRICES AND INFLATION HIGH
America leads the world in oil and gas production. We believe midstream energy infrastructure offers predictable cash flows to investors..
Look For MLP Earnings To Confirm Business Fundamentals
The General Partners (GPs) of Master Limited Partnerships (MLPs) have in many cases taken quite a drubbing since the Summer when the sell-off in oil picked up steam. Plains GP Holdings (PAGP) for example has fallen 26% over this time. And yet, midstream MLPs have limited direct exposure to commodity prices. Kinder Morgan (KMI) is […]
Linn Energy is Not Your Father's MLP
Master Limited Partnerships (MLPs) are best when they’re boring over the short term. Predictably raising your cashflows and distributions leads to long term excitement at the very reasonable cost of being tedious to watch on a daily basis. In 2014, Linn Energy (LINE) was the antithesis of this. While most MLPs own midstream energy infrastructure […]
Another Implausible Investment Scheme Blows Up
You’d think that following the collapse of Bernie Madoff’s Ponzi scheme in 2008, all investors would have developed a more skeptical protective layer to ward off those who would dishonestly separate them from hard-earned savings. Sadly though, examples regularly occur of the gullible being fleeced. Joe Lewis ran a currency trading business from Istanbul, Turkey that […]
Some Investors Dodge a Bullet
Winston Churchill has been quoted as once saying, “There’s nothing more exhilarating than to be shot at and missed.” Such must be the feeling of investors today who found recently they had rather more exposure to falling crude oil prices than previously thought. Chevron just announced the indefinite suspension of a project in the Canadian […]
6% Yields on MLPs Are Looking Attractive
Another day and another new low for crude oil. Since stocks are moving with oil, trying to figure out the short term direction of the equity market requires being an oil trader. Few of us are any good at this although it’s easy to have an opinion. For our part, we don’t bet on the […]