EMO News and Press, ClearBridge Energy Midstream Opportunity Fund Inc. From 05/13/20

Legg Mason Partners Fund Advisor, LLC announced today that certain closed end funds have declared their distributions for the month of May 2020. The following dates apply to the distribution schedule below: The distribution information for all three Funds are as followed: The dist...

With oil's collapse, a lot of investor attention has been given to the financial health of midstream's customers that produce oil and gas. However, several midstream MLPs have refiner customers and/or refiner parents as shown in the table below. Notably, refiners have distinct profitability dr...

Amid recent volatility, one looming question for midstream has been whether the space will be able to efficiently tap debt markets to address impending debt maturities and ensure ample liquidity to finance corporate activities. For context, an analysis from March showed that eleven MLPs in the...

By Brian Watson, CFA, Senior Portfolio Manager The midstream sector finds a way to offset the impact of the coronavirus and oil glut April MLP performance appeared to reflect improving sentiment as COVID-19 containment efforts are set to ease in many locations. Furthermore, mids...

ClearBridge Energy Midstream Opportunity Fund Inc. (NYSE: EMO) announced today the unaudited statement of assets and liabilities, the net asset value and asset coverage ratio of the Fund as of April 30, 2020. As of April 30, 2020, the Fund’s net assets were $212.7 million, and its ...

Photo Source: REUTERS/Carlos Barria. National Institute of Allergy and Infectious Diseases Director Dr. Anthony Fauci attends a coronavirus response meeting between U.S. President Donald Trump and Louisiana Governor John Bel Edwards in the Oval Office at the White House in Washington, U.S.,...

Source : ClearBridge Investments Editor's Note : The summary bullets for this article were chosen by Read more ...

Expanding on the theme of yesterday's note discussing midstream defensiveness, today's piece examines the resilience of forward estimates for the midstream space despite oil's price collapse. In contrast with other segments of energy, 2020 and 2021 midstream EBITDA estimates have seen only m...

Given their greater income, we have typically prioritized MLPs in our research covering yields and distributions ( read more ). However, the recent sell-off and consequential increase in the yields of the broader midstream space has prompted many income-oriented investors to consider both ener...

Originally published on April 20, 2020 With benchmark West Texas Intermediate oil prices hovering around $22 per barrel 1 for the June contract and regional prices even lower, netbacks for producers are admittedly dismal, making the current outlook for US oil production tenuous. Headlines...