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.
COP27 Realism Is Good For Gas
The COP27 ended with an agreement by rich countries to make increased payments to poor ones, but a commitment to phase out all fossil fuels failed to gather unanimous support. The holdouts included Saudi Arabia and Russia, who supply substantial volumes of oil and gas to willing buyers but don’t rank highly on the list […]
Why Aren’t Renewables Stocks Soaring?
2022 should have been a great year for renewables. The prices of fossil fuels, which they are supposed to replace, have jumped. Russia’s invasion of Ukraine has heightened the importance of energy security, which solar panels and windmills offer because most countries can find places to build them. And global Green House Gas emissions (GHGs) […]
Of Red Crypto And Black Pipelines
Bitcoin could be poised for another ascent. Bulls will be encouraged that Jim Cramer advised holders to sell following the collapse of FTX. Few readers would have been surprised when this blog first expressed crypto-skepticism in December 2017. Its return since then is 1.7% pa, substantially behind the market and, naturally, midstream energy infrastructure. But […]
Energy Pragmatism Is Beating Extremism
As the world’s leaders meet in Egypt at the COP27 climate change conference, there are reasons for optimism among those who yearn for a pragmatic approach to reducing global Green House Gas emissions (GHGs). The Economist magazine front covers over the past couple of years provide an evolving perspective from one publication that likes to […]
Pipeline Earnings Continue Positive Trend
Recent 3Q22 earnings reports for pipeline companies have been confirming the predictable nature of their business models. Dividend hikes have been common. Growth capex generally remains cautious. Cheniere’s $2.8BN in EBITDA was close to consensus, and they reaffirmed their full year 2022 guidance of $11.25BN having revised it higher three times this year. They paid […]