MLPX News and Press, Global X MLP & Energy Infrastructure From 07/01/22

ENLC shares have gotten clobbered over the past few weeks. There is no fundamental justification for the selloff. The shares trade in bargain territory, below our $10.25 price target. HFI Research EnLink Midstream ( ENLC ) shares have experienced ...

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. ...

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...

The combination of mounting recession fears and some profit-taking put significant downward pressure on energy stocks even as oil prices were comparatively resilient. If there is a recession, energy stocks will likely fall, but midstream would be expected to fare better than other ene...

FLNG yields 10.5%, with a 69% payout ratio. It has paid three $.75/share quarterly dividends in a row. It just signed 4 long term charters, adding $750M to its backlog, which is now a minimum of 54 years. FLNG has long-term tailwinds in the LNG market, with Europe switching to...

Oil and gas midstream stocks are not E&Ps, though they're trading as if they were. Oil macro conditions will remain positive for midstream above $70 per barrel. With shareholder value remaining stable or growing, midstream stocks are likely to see a swift recovery. For f...

MMP units are cheap and offer some of the strongest inflation protection in the midstream sector. Our price target for the units is $60. As long as the units remain underpriced, unitholders will benefit from continued repurchases. For further details see: Use The Selloff...

The strength in LNG markets has spurred a resurgence in long-term offtake agreements, which are key to advancing LNG export projects towards Final Investment Decision (FID). The strong macro environment for LNG and improved outlook for projects has translated into strong equity perfor...

The dividend coverage remains tight (or worse). The financial leverage is very low. Capital expenditures will decline, so the dividend coverage will increase. Excess capacity should allow free cash flow to rise considerably in the future. This midstream is run very conserv...

The length of midstream contracts can vary from a few years to 20+ years, but importantly, contracts help support stable cash flows used to pay the attractive dividends offered by many energy infrastructure companies. Contract tenures vary by company and asset type. At the longer end ...