FTXN News and Press, First Trust Nasdaq Oil & Gas ETF From 07/04/22

Once the COVID distortions are over the economy will return to its previous state of roughly 2% growth and 2% inflation. Real sales of durable goods surged throughout COVID but accelerated rapidly with stimulus payments; sales peaked right as Biden’s American Rescue Act was imp...

With the pullback in energy stocks, we think it is prudent to again nibble on some of the best names, including DVN. The company can continue to cut cash outflows by retiring debt and buying back shares, with $100-200 million we can easily identify at today's prices and with the curre...

TRGP recently acquired Lucid Energy Delaware for $3.55 billion. The deal adds gathering and processing assets and will increase throughput in its downstream assets. Our price target for the shares is $81, which is 29.6% above TRGP’s current price. ...

We are nowhere near demand destruction for oil and gas. Blackouts, brownouts, surging prices are crashing the green energy narrative. Interestingly, people like electricity and get really grumpy when its not there. We think a golden age of renewal for non-renewables is about to be...

The transition towards a decarbonized economy is underway. It will involve a massive reallocation of resources. Economies will be reshaped as carbon emissions are cut, inevitably impacting portfolios. A possible acceleration from the current path, plus repricing that could have furthe...

MMLP recently emerged from a challenging period. The company is likely to refinance its senior notes. We believe that event will catalyze significant unit price appreciation. We also expect the distribution to increase significantly in a few years. HF...

We expect elevated inflation to continue into 2023 due to the lagged impact of food supply disruption and elevated energy costs. Should a recession occur, its scale is likely to be limited by the reduced number of negative feedback loops. Consumers enter this slowdown with a large...

The gap between energy stocks and consumer discretionary stocks is striking. We think the market is suggesting that extreme energy inflation will lead to a dramatic reduction in spending. If consumer spending turns out to be more resilient than the market expects, we think the con...

Laredo Petroleum is a $1.32 billion market cap oil and gas company in the Midland sub-basin of the Texas Permian. It does not pay a dividend but has a share repurchase program and has increased its debt repayment target. However, its debt outweighs its market capitalization. The c...

We remain cautious in equities, but in fixed income, investors now have more yield and credit spread to work with. We think that the Federal Reserve’s rate hikes for this cycle are becoming increasingly priced into the yield curve. Our fixed income team has stress-tested fo...