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The closed-end funds that focus on oil and gas pipeline companies generally trade at discounts to their net asset values of 20% or more - the widest in the U.S. closed-end fund market, where the average discount is less than 10% - Andrew Bary writes in this weekend's edition of Barron's."You'...
While energy companies across the sector are pounding the table on free cash flow, midstream has a distinct advantage over its counterparts when it comes to the predictability of free cash flow and the generous income on offer. In contrast with other energy sectors, midstream’s...
The combination of pressured equity performance and resilient EBITDA estimates has resulted in sizable discounts in forward EV/EBITDA multiples for midstream. Setting aside liquefaction, midstream companies focused on pipeline transportation of natural gas tend to trade at higher mult...
Brookfield Asset Management announced it would acquire Blackstone Infrastructure's 41% stake in Cheniere Energy Partners. The stake was valued at $7 billion, and represents an approximate $5 billion gain for Blackstone after initially investing in CQP in 2012. The Organization of the ...
"Japanification" is the process of other countries' economies becoming like that of Japan: flatlined, with little to no growth or inflation and interest rates stuck at zero indefinitely. Because of the Monetary Death Spiral process that I've described elsewhere, many countries around ...
Free cash flow has been a common topic of Alerian’s research and a focus area across energy, including midstream. While we’ve historically looked at free cash flow yields at the index level, examining expected free cash flow for individual companies may be more tangible for inv...
By Brian Watson, CFA , Senior Portfolio Manager Midstream valuations remain below financial crisis levels as second-quarter earnings season wraps up August brought relatively stable midstream equity prices despite continued upward momentum in commodity prices. Quarterly earnings s...
There are no solutions. There are only trade-offs. —Thomas Sowell Macroeconomic Thesis In the past, on multiple occasions, I've written about how the United States' enormous national debt burden will slow economic growth going forward. Academic studies have demonstrated that, a...
In our follow-up article focusing on Tortoise Energy Infrastructure ( TYG ), we would like to update our readers on what has been going on in the energy industry since the beginning of the COVID-19 pandemic in late February 2020. Unfortunately, this fund has been severely negatively impacted b...
Despite the lingering uncertainty in energy markets, 2Q20 dividend payments were steady, with the vast majority of energy infrastructure names holding payouts flat and a few names even increasing dividends sequentially ( read more ). As of August 28, yields for the Alerian MLP Infrastructure ...
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2024-07-19 18:40:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...
2024-07-01 06:47:00 ET Pipeline and midstream energy stocks have had a strong start to 2024. This can been seen in the performance of major sector exchange-traded funds (ETFs) such as the Alerian Energy Infrastructure ETF (NYSEMKT: ENFR) , up about 18% year to date, and the ...
2024-05-29 02:32:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...