TGE - Tallgrass Energy: Why I Am Not Buying

I have mixed feelings about Tallgrass Energy LP (TGE). On the one hand, it seems that the company can cover its substantial distribution. On the other hand, the operational performance is nothing to write home about. Also, I am concerned about the rapid rise in TGE’s financial leverage.

The macro picture looks strong

The demand for crude oil and natural gas in the coming years seems stable. On the crude oil side, the EIA is predicting an average increase in global oil consumption of 1.1 million barrels per day in 2019. Also, the