GER News and Press, Goldman Sachs MLP Energy Renaissance Fund From 12/10/20

MLP closed end funds should not use leverage. As a result, losses from forced selling in March has impeded their recovery. Investors should avoid MLP closed end funds. For further details see: MLP Closed End Funds: Masters Of Value Destruction

In the midst of a challenging year, the improvement in midstream equities in November alongside the gains in oil prices and broader energy on positive vaccine developments was encouraging. Energy, including midstream, clearly stands to benefit from a potential improvement in the outlo...

As the year is starting to wind down, I wanted to take an updated look at what distribution changes happened throughout the year. We had previously done this for a more specific time frame; the time frame of the pandemic to shortly after in June. Again, I'm surprised at how resili...

Midstream MLPs, as measured by the Alerian MLP Index (AMZ), ended November up 21.7% on a price basis and up 23.8% once distributions are considered. MLP yield spreads, as measured by the AMZ yield relative to the 10-year US Treasury bond, narrowed by 278 basis points (bps) over the mo...

Goldman Sachs Asset Management (“GSAM”), investment adviser for the Goldman Sachs MLP and Energy Renaissance Fund (“the Fund”) (NYSE: GER) announced today that the Fund’s Board of Trustees has approved a share repurchase program for the Fund effective ...

Midstream and MLPs had a different kind of Movember, riding surging momentum in value stocks and energy stocks to a big rally throughout most of November. MLPs have now put up consecutive positive months for the first time since the initial April and May recovery. The broader AMNA...

Goldman Sachs Asset Management (“GSAM”) will host a conference call for the Goldman Sachs MLP and Energy Renaissance Fund (NYSE: GER) on December 3 rd , 2020 at 4:15 PM EST. The call will feature Kyri Loupis, Head of the Energy Infrastructure and Renewables...

Lost in election season and pandemic news flow has been the relative stabilization in energy macro and midstream fundamentals since March. Adding to COVID-19 related anxiety in our view is an increase in concern that rapid adoption of electric vehicles and renewable energy may severel...

DTE Energy Co. plans to spin off its gas pipeline business, DTE Midstream, into a publicly traded company by mid-2021 through awarding ownership to DTE Energy shareholders in dividends. ConocoPhillips has agreed to buy U.S. shale oil producer Concho Resources for $9.7 billion, or $49....

Out of the 39 dividend-paying constituents in Alerian's broadest midstream index, AMNA, 33 companies maintained payouts, 3 cut, and 3 grew sequentially. Multiple names have provided 2021 dividend/distribution guidance and are anticipating flat or increasing payouts. Although some ...