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..

To Lose On The Energy Transition Buy Utilities

SL Advisors Talks Markets
SL Advisors Talks Markets
To Lose On The Energy Transition Buy Utilities
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Income-seeking investors often compare midstream energy infrastructure with utilities. Both own long-lived infrastructure assets dedicated to delivering energy to customers. Both tend to be regarded as yield-generating investments and are subject to considerable regulatory oversight on rate-setting. But the energy transition is impacting each sector very differently. Midstream growth capex peaked during the shale revolution […]

Environmentalists Mistakenly Choose Perfect Over Good

SL Advisors Talks Markets
SL Advisors Talks Markets
Environmentalists Mistakenly Choose Perfect Over Good
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All three TV networks recently carried stories of northern state Electric Vehicle (EV) owners stranded. Chicago’s very cold weather reminded EV owners that not only do their batteries hold less charge when temperatures drop, but they are slower to charge as well. Public charging stations saw vehicles lined up – some EVs ran out of […]

Windpower Stumbles On Unique American Mineral Rights

SL Advisors Talks Markets
SL Advisors Talks Markets
Windpower Stumbles On Unique American Mineral Rights
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The US is unique in that sub-surface mineral rights typically belong to the landowner. In every other country we’ve looked at, ultimately the government is the owner of what’s beneath you. This was a crippling feature of the failed effort by driller Cuadrilla to produce natural gas using US fracking technology in Yorkshire, north England […]

Emerging Markets Never Do

SL Advisors Talks Markets
SL Advisors Talks Markets
Emerging Markets Never Do
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Allocating to emerging markets is a Wall Street construct designed to confuse investors and justify periodic reallocations to higher fee products that obscure measures of relative performance. Some financial advisors will be outraged at this statement. So let me quickly move to the evidence. Start with the Vanguard Emerging Markets Stock Index Fund, the biggest […]

Chesapeake and Southwestern Are Betting On Higher US NatGas

SL Advisors Talks Markets
SL Advisors Talks Markets
Chesapeake and Southwestern Are Betting On Higher US NatGas
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Chesapeake (CHK) and Southwestern (SWN) are the latest energy companies to be contemplating a merger. Chesapeake was founded by Aubrey McLendon, whose belief in higher natural gas prices combined with his ample risk appetite led the company into financial difficulties during a period of low prices. In 2016 he was indicted by a federal grand […]