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..

US Sets Multiple Energy Records

SL Advisors Talks Markets
SL Advisors Talks Markets
US Sets Multiple Energy Records
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President Biden probably won’t brag about US energy production, but when the final figures for 2023 are in the US will have set numerous records. Crude oil production reached a record 13.2 Million Barrels per Day (MMB/D) in October, surpassing the prior record set four years earlier before the pandemic. Few analysts were projecting this […]

Bond Rally Helped Equity Valuations

SL Advisors Talks Markets
SL Advisors Talks Markets
Bond Rally Helped Equity Valuations
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It can fairly be said that the bond market boosted stocks in the last couple of months of the year. Equities have lost their cheapness in recent years, ever since the Fed belatedly became concerned about inflation. TINA became unfashionable as interest rates returned to unfamiliar, reasonable levels. Compared with bonds, stocks are as expensive […]

Year-End Roundup

SL Advisors Talks Markets
SL Advisors Talks Markets
Year-End Roundup
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Heading into year’s end, a number of interesting stories caught my attention. Energy Transfer (ET) rarely avoids conflict and is embroiled in a dispute with three pipeline developers in Louisiana who sought crossings over Gulf Run Pipeline, owned by ET. Momentum Midstream, one of the developers with a $1.6BN project, accused ET of unfair trade […]

Higher Despite Retail Selling

SL Advisors Talks Markets
SL Advisors Talks Markets
Higher Despite Retail Selling
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The only negative about the pipeline sector today is the direction of fund flows. It’s regularly covered in this blog and a topic that continues to mystify us. Although we’re still awaiting data for the last two months of 2023, it’s almost certain to be the fifth year of the last six during which retail […]

Of Christmas Lights And Ladders

SL Advisors Talks Markets
SL Advisors Talks Markets
Of Christmas Lights And Ladders
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Christmas is a time of traditions, which in turn create nostalgia. Like endorphins, this is a free and harmless narcotic.   Putting up the external Christmas lights, which we typically do right after Thanksgiving, usefully expends a few calories and kicks off that warm Yuletide feeling. Hunting through dusty boxes in the chilly attic for […]