PXI News and Press, Invesco DWA Energy Momentum ETF From 06/27/22

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...

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...

Despite gradually decreasing its pay-out by almost 79 percent, GGN has recorded an average yield of almost 13 percent over the past 10 years. GGN’s investments are in commodities (gold, mining, energy), which tend to rise alongside inflation, and are considered safer bets durin...

U.S. President Joe Biden has criticized oil majors for not stepping up to help combat record-high gasoline prices at the pump. Looking at Refinitiv Datastream, we observe U.S. oil production to see if oil companies have been increasing production since the pandemic. In reality, oi...

The Energy sector bounced along with the overall market on Tuesday, but last week, it was that sector’s turn to get taken to the woodshed. Last week marked just the sixth period in the last 30+ years that the Energy sector underperformed the S&P 500 by more than ten percent...

Invesco DWA Energy Momentum ETF (PXI) - $0.2139. 30-Day SEC Yield of 1.07% as of June 17. Payable Jun 30; for shareholders of record Jun 22; ex-div Jun 21. For further details see: Invesco DWA Energy Momentum ETF declares quarterly distribution of $0.2139

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...

Due to the ongoing war in Ukraine and Gazprom's plan to cut its natural gas flow to Europe, I expect VET’s average realized prices to increase in the following quarters. In terms of production, VET will not increase its production significantly. However, its FFO will increase s...

Russia has diverted a large share of exports to India and China, while European buyers have increased purchases from West Africa and Latin America. Greece, Malta, and Cyprus raised objections to a ban on the transporting of Russian cargoes by European-flagged vessels. The impendin...