Blog
THE AI REVOLUTION NEEDS ENERGY
US natural gas demand is growing to supply data centers and LNG exports. We believe midstream energy infrastructure offers predictable cash flows to investors.
Sprinkle Some S&P500 In Your Midstream Portfolio
I was chatting with a long-time investor the other day. He told me that he couldn’t afford to withdraw any of his investment with us. The capital gains tax would be prohibitive, he went on to explain. We both chuckled at this high-class problem. I told him that creating such golden handcuffs is part of […]
Midstream Earnings Delight Once Again
Energy Transfer (ET) is the name most widely owned among those financial advisors we know with direct investments in the sector. It is perennially cheap, and it’s a frequent topic of conversation. It’s also a significant position of ours, so it was especially pleasing to see their strong second quarter earnings. As well as beating […]
Will Gas Demand Boost Prices?
By 2035 the demand for US natural gas will reach 163 Billion Cubic Feet per Day (BCF/D) according to Wells Fargo, an increase of half from last year. The twin drivers of this will be power generation whose natural gas consumption will rise from 36 BCF/D to 61 BCF/D, and exports, mostly Liquefied Natural Gas […]
Energy By The Numbers
The 75th edition of the Statistical Review of World Energy contains all the data a student of global energy could need. If you need to know Latvia’s solar power generation over the past couple of years (1.4 Terrawatt Hours and 2.0 respectively), this is the place to look. Last year the world produced 600 Exajoules […]
Building Away From Iran
Since the Iran War began at the end of February, the price of European LNG and a composite of three US LNG exporters (Cheniere, Venture Global and NextDecade) have tracked each other fairly reliably. At the outbreak of hostilities, LNG investors were slow to realize the opportunity, but after a month of conflict both were […]