PYPE News and Press, ETRACS NYSE Pickens Core Midstream Index ETN due August 20 2048 From 07/15/22

The energy market is a tug-of-war between fundamentals in the energy industry which is pretty tight. The energy sector has been driving a lot of performance in the S&P/TSX Index since the recovery from the Covid-19 pandemic. In the short term, I do expect the integrated compan...

Despite volatile equity trading, the fundamentals for many energy companies have not changed. This is particularly true for energy infrastructure. Oil’s move from ~$120/bbl a month ago to $96/bbl at the intra-day low last week has not altered producer plans, and the outlook for...

The outlook for MLP distributions remains strong given solid fundamentals, continued free cash flow generation, and commodity price levels that incentivize measured growth from US oil and gas producers. Little has fundamentally changed for MLPs over the last month, but MLP index yield...

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...

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 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 ...

Midstream MLPs, as measured by the Solactive MLP Infrastructure Index, increased 7.64% last month. The index increased by 25.39% since last May. The current yield on MLPs stands at 6.93%. MLP yields remained higher than the broad market benchmarks for Emerging Market Bonds (6.32%), Fi...

Several companies across the energy infrastructure landscape were active with their repurchase programs in 1Q22, albeit at mostly modest amounts. Energy infrastructure companies repurchased $370 million of their equity in aggregate during the first quarter of 2022. Combining the l...

NuStar Energy is one of the largest crude oil pipeline operators in the United States. NuStar management continues to be optimistic about the company's forward growth potential, but I do not see that as particularly likely. The company's customers are not willing to dramatically i...

For the energy sector, several years of underperformance over the last decade left many investors on the sidelines. In a survey of financial advisors in December 2021, more than half of the respondents were underweight energy. Investors that have been underweight energy may be looking...