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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.
MoneyLife Interview
Nice piece with Chuck Jaffe of MoneyLife. Here’s the link – go to the December 24th show, starts at the 17 minute mark. http://www.moneylifeshow.com/archives.asp
Why Flying is Getting More Expensive
I was struck today by an article in the New York Times (“On Jammed Jets, Sardines Turn on One Another”). As airlines pack more people onto planes, the flying experience (as least in Economy Class) becomes ever worse. This was hardly news to anyone who has flown domestically in the U.S. in recent years. Airlines […]
Two Kinds of Insider
Mark Zuckerberg, CEO of Facebook (FB) and Rich Kinder, CEO of Kinder Morgan (KMI) would appear to have little in common (though they are both billionaires). However, they share one thing in common in that both recently made transactions in their own stock. FB has ‘A’ and ‘B’ shares, whose rights are identical other than […]
An Activist Chooses an MLP
We’ve written before about the benefits of being the General Partner (GP) in a Master Limited Partnership (MLP) rather than a Limited Partner (LP). MLPs are a great asset class; the more stable, midstream businesses that invest in energy infrastructure operate a toll-type of business model with fairly predictable cashflows. Their 5-6% distribution yields are […]
These Two Deserve One Another
Aubrey McLendon is the former CEO of Chesapeake Energy (CHK). He’s a swing-for-the-fences kind of CEO; he almost bankrupted himself with leveraged holdings of his company’s stock when it plunged in 2008. In 2011 Forbes named him America’s most reckless billionaire. He famously negotiated a sweetheart deal allowing him to personally invest in individual wells […]