EMO News and Press, ClearBridge Energy Midstream Opportunity Fund Inc. From 11/06/20

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 October 31, 2020. As of October 31, 2020, the Fund’s net assets were $180.0 million...

Midstream companies have largely been positive on upstream consolidations, as the combined entities result in stronger customers, but management commentary on midstream consolidation has varied. As of the end of October, 34 of the 39 dividend-paying names in the Alerian Midstream Ener...

TC Energy Corp. offered to acquire all of the common units outstanding of TC PipeLines that it presently does not own. Midstream MLPs, as measured by the Solactive MLP Infrastructure Index, decreased 13.59% last month. The index is down by 52.35% since last September. The current ...

It has not been a good decade for MLP investors. Even with double-digit yields, total returns on the sector are at -4% annualized going back to 2010. Alerian’s Stacey Morris believes that’s all about to change as 2021 will see meaningful growth in MLP free cash flow and ...

ClearBridge is a leading global asset manager committed to active management. Research-based stock selection guides our investment approach, with our strategies reflecting the highest-conviction ideas of our portfolio managers. The combination of Saudi Arabia increasing oil production...

On the surface, declining production would seem negative for midstream/MLPs, but based on recent history, production trends in either direction do not seem to make much difference for equity performance. The last year of positive price performance for MLPs and the best annual performa...

September brought energy market volatility that carried over to midstream equity prices. During the month, midstream sector participants continued placing growth projects into place, while also finding creative ways to reduce capital expenditure requirements. Midstream MLPs, as me...

We analyze performance trends in closed-end-funds this year along with themes by asset classes. Equity funds with concentrated exposure to Technology and Healthcare are among the biggest winners this year. Energy focused funds have underperformed given the weaker pricing environme...

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 September 30, 2020. As of September 30, 2020, the Fund’s net assets were $169.2 mil...

In contrast to the prior midstream business model that emphasized a grow-at-all-costs mentality reflected in both dividends and capital spending, midstream has been shifting to a more sustainable growth model that is not dependent on raising equity for funding. The upshot of pressured...