EMO News and Press, ClearBridge Energy Midstream Opportunity Fund Inc. From 10/07/21

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, 2021. As of September 30, 2021, the Fund’s net assets were $361.4 mil...

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...

Natural gas prices have steadily increased since April, reaching a seven-year high of $4.91 per million British Thermal Unit (MMBtu) on September 8. With prices improving, expectations for natural gas production are also moving higher. As volume-driven businesses, the expected recover...

With broad market indexes and income sectors like REITs and utilities hovering near all-time highs, the yields for many equity income investments are noticeably lower now than in the past. This note briefly discusses the income challenge facing investors and how allocations to midstre...

A number of factors contribute to the gasoline price posted at your local corner store, but the primary determinate is the price of oil. Demand trends, quality specifications that change seasonally, and refinery outages are examples of some of the items that can also impact gasoline p...

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 August 31, 2021. As of August 31, 2021, the Fund’s net assets were $341.1 million, ...

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 ...

ClearBridge Energy Midstream Opportunity Fund (NYSE:EMO) had declared $0.38/share quarterly dividend, in line with previous. Payable Aug. 31; for shareholders of record Aug. 24; ex-div Aug. 23. See EMO Dividend Scorecard, Yield Chart, & Dividend Growth. For further details see: ...