BGR News and Press, BlackRock Energy and Resources Trust From 09/14/21

A surprise winner so far in the proposed $3.5T federal spending plan is the oil and gas industry, which managed to maintain a range of tax breaks in the House Ways and Means Committee's markup, despite objections from President Biden and Senate Democrats. The Ways and Means Committee draft - ...

Net zero ambitions need to be understood better by investors and policymakers. Climate risk will be felt more by those in middle and lower incomes, thus the need for reality-based approaches. Oil and gas firms are developing strategies to decarbonize and become players in the ener...

Energy equities retreated from their relative highs in June as the Delta variant spread, the value trade sputtered, and oil prices weakened following the OPEC+ announcement in July. While midstream sold off with oil and energy stocks, the fundamental picture for midstream improved in ...

Last year, we were looking at distribution changes due to the COVID pandemic sell-off. CEFs distribute out most of their earnings as distributions, so they pay relatively higher yields. However, relatively higher yields mean that any downturn is likely to cause distribution cuts. ...

Energy was slaughtered in 2020, and this caused a great deal of problems for BGR. The fund is very heavily invested in the oil majors, so might be missing opportunities in smaller companies. The future of energy is quite good as both crude oil and natural gas are expected to see r...

The volatility of the dollar does present some problems for the world but, for better or worse, it is the world’s reserve currency and I see no real threat to that status on the horizon. I positioned our portfolios for a weak dollar period early last summer and maintained those...

Crude oil slips following a CNBC report that the Biden administration is engaging with OPEC+ members to increase oil production in an effort to ease gasoline prices. September WTI crude (CL1:COM) -1.1% to $67.52/bbl; October Brent (CO1:COM) -1.1% to $69.87/bbl. ETFs: XLE, USO, UCO, XOP, VDE, ...

In US Real GDP, major government programs correlate with the highest rates of inflation while oil prices do so after inflation is apparent. In other words, investors price oil and related industries higher once they fear further inflation. The recent rise and fall of commodity pri...

Capital expenditure expectations appear to have recovered from pre-pandemic levels in most major regions and are trending upwards according to analyst estimates. For the U.S. index, the 12-month forward capital expenditures estimate is currently $885.6 billion, up 13.8% year-over-year...

Interest rates have bottomed. Inflation expectation continues to show relative performance despite recent drop in yields. Copper has broken out of a downtrend signaling global economic growth should zoom back higher. We favor value, cyclical, and energy stocks going forward. S...