SRF News and Press, Cushing Energy Income Fund of Beneficial Interest From 04/21/21

Midstream MLPs, as measured by the Solactive MLP Infrastructure Index, increased 8.33% last month. The index has increased by 100.36% since last March. The current yield on MLPs stands at 9.04%. The Enterprise Value to EBITDA ratio (EV-to-EBITDA), which seeks to provide more color...

Private equity activity in midstream has served as a catalyst for the space in the past, and a more stable macro environment could lead to additional transactions in 2021 after a relatively quiet 2020. Thus far in 2021, there have been some examples of private equity purchasing non-co...

One of the potential tailwinds for midstream in 2021 relative to past recoveries is the proliferation of buyback programs supported by expectations for robust free cash flow generation this year. Since Alerian's last buyback note in November, Pembina Pipeline (PPL CN) formally announc...

Crude oil prices reached a nearly 14-month high as the Organization of the Petroleum Exporting Countries and its allies (OPEC+) agreed not to increase oil output in April. Midstream MLPs, as measured by the Solactive MLP Infrastructure Index, increased 8.02% last month. The curren...

Many macro and political overhangs lifted by the end of Q4, with optimism about the re-opening economy driving Energy sector gains. Value sectors like Energy shined as the economy rebounded, and small cap and cyclical sectors became market leaders. With rising inflation, midstream...

Oil prices have likely recovered more quickly than anticipated thanks to the disciplined cooperation of OPEC+. While midstream is unique from other energy sectors given its more defensive, fee-based business model, midstream MLPs and C-Corps have participated in energy’s rally....

Pipelines are undergoing a renaissance of cash generation today. The pandemic and low commodity prices increased uncertainty in the industry, and pipeline companies stopped investing in new projects and have thus been generating enormous cash flows. This trend did not start in 2020, b...

The reflation trade remains in focus given positive expectations for economic growth and ongoing inflation concerns with bond yields rising. For income-seeking investors, MLPs and midstream offer attractive income and stand to benefit from a continuation of the reflation trade given t...

With only a single cut and a few additional names growing their dividends, the overall picture for dividends has continued to improve. For AMNA, a broad midstream composite index containing both MLPs and C-Corps, 37 of 38 dividend-paying names raised or maintained their dividends sequ...

Many probably underappreciate the role that traditional oil and gas companies have in addressing climate problems and providing solutions. For the foreseeable future, natural gas and natural gas liquids are going to have an important role to play in reducing global emissions as a repl...