AMUB News and Press, ETRACS Alerian MLP Index ETN Series B due July 18 2042 From 11/02/21

For midstream, the combination of steady cash flows backed by long-term contracts and a significant decline in growth capital spending is leading to robust FCF generation. The absolute improvement and positive trend in FCF yield for midstream screens favorably when compared to the bro...

OPEC+ plans to ramp up its production by 400,000 barrels per day (bpd) in November, sticking to its existing policy of a gradual output increase for the third month in a row, sending crude prices to 7-year highs. Kinder Morgan, Inc. has partnered with Neste, a renewable and circular s...

Public producers have been committed to capital discipline and limiting growth, which could actually set up a Goldilocks US production scenario for midstream in 2022. Modest volume growth by producers would contribute to a stronger macro backdrop and improved sentiment for energy broa...

Rising rates emerged as one of Q3’s main concerns, as bond yields rose to levels not seen since earlier in the year. Latest headline inflation data is beginning to level off after the initial dramatic rise in the first half of 2021. Elevated inflation is filtering into the ...

Midstream’s operational capabilities and existing infrastructure network can be leveraged as is or potentially repurposed to service alternative fuels or byproducts like carbon dioxide. Even in an evolving energy landscape, the ability to safely move energy (or other gases or liqui...

Investors may assume that equity indexes offering high yields must comprise companies with weak balance sheets and low credit ratings, implying lower quality and higher risk. In this light, the credit quality of companies in Alerian and S-Network income indexes may be a positive surpr...

The midstream business model has transitioned from capital-intensive growth mode to capital-light efficiency mode, with Plains and others emphasizing free cash flow generation. Management noted the potential for buybacks and/or distribution increases to take greater precedence in capi...

Given significant free cash flow generation, several midstream companies have announced buyback authorizations to complement generous dividends in returning cash to shareholders. For midstream investors, buybacks represent a tangible proof point of positive changes for the space in re...

Enbridge, Inc. has entered into an agreement to acquire logistics company Moda Midstream Operating LLC for $3.0 billion in cash from EnCap Flatrock Midstream. OPEC+ plans to ramp up its production by 400,000 barrels per day (bpd) to the market in October. The current yield on MLPs...

Global asset markets have never been more overvalued, leveraged and interconnected in our lifetimes. This presents a massive instability risk for all of us, whether we appreciate it or not. The corporate sector has never been more indebted (less resilient to negative shocks) as a perc...