- 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 severely impact future midstream earnings.
- If energy transition anxiety is contributing to today's depressed midstream equity valuations, we are hopeful that over time the market may begin to more rationally assess this risk.
For further details see:
Depressed Midstream Valuations More Than Reflect The Rise Of Renewables