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Midstream equities outperformed the broader markets in October as third-quarter earnings season kicked off with better-than-expected results. Increasing midstream free cash flows are expected to bolster balance sheets in the years ahead as capital spending requirements have ebbed. ...
With double-digit yields common across midstream, payouts feel largely underappreciated by the investment community, and those elevated yields make the case for stock repurchases all the more compelling. Third-quarter earnings announcements saw five new buyback authorizations in the m...
Midstream companies have largely been positive on upstream consolidations, as the combined entities result in stronger customers, but management commentary on midstream consolidation has varied. As of the end of October, 34 of the 39 dividend-paying names in the Alerian Midstream Ener...
TC Energy Corp. offered to acquire all of the common units outstanding of TC PipeLines that it presently does not own. Midstream MLPs, as measured by the Solactive MLP Infrastructure Index, decreased 13.59% last month. The index is down by 52.35% since last September. The current ...
It has not been a good decade for MLP investors. Even with double-digit yields, total returns on the sector are at -4% annualized going back to 2010. Alerian’s Stacey Morris believes that’s all about to change as 2021 will see meaningful growth in MLP free cash flow and ...
On the surface, declining production would seem negative for midstream/MLPs, but based on recent history, production trends in either direction do not seem to make much difference for equity performance. The last year of positive price performance for MLPs and the best annual performa...
Several economic studies have shown that the recent trade war has done more harm than good to American manufacturing, actually reducing employment in that sector. It has also depressed US investment, which in turn weighs on economic growth. American businesses and consumers paid a...
September brought energy market volatility that carried over to midstream equity prices. During the month, midstream sector participants continued placing growth projects into place, while also finding creative ways to reduce capital expenditure requirements. Midstream MLPs, as me...
We analyze performance trends in closed-end-funds this year along with themes by asset classes. Equity funds with concentrated exposure to Technology and Healthcare are among the biggest winners this year. Energy focused funds have underperformed given the weaker pricing environme...
In contrast to the prior midstream business model that emphasized a grow-at-all-costs mentality reflected in both dividends and capital spending, midstream has been shifting to a more sustainable growth model that is not dependent on raising equity for funding. The upshot of pressured...
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Center Coast Brookfield MLP & Energy Infrastructure Fund Company Name:
CEN Stock Symbol:
NYSE Market:
NEW YORK, Oct. 09, 2023 (GLOBE NEWSWIRE) -- Brookfield Public Securities Group LLC (“Brookfield”) announced today that the reorganization of Center Coast Brookfield MLP & Energy Infrastructure Fund (NYSE: CEN) into Center Coast Brookfield Midstream Focus Fund (the “Focus ...
NEW YORK, Aug. 16, 2023 (GLOBE NEWSWIRE) -- Center Coast Brookfield MLP & Energy Infrastructure Fund (NYSE: CEN) announced that at the Special Meeting of Shareholders held today shareholders approved the proposed reorganization of CEN into Center Coast Brookfield Midstream Focus Fund (the ...
NEW YORK, March 06, 2023 (GLOBE NEWSWIRE) -- Center Coast Brookfield MLP & Energy Infrastructure Fund (NYSE: CEN) (the “Fund”) today announced its Board of Directors (the “Board”) declared the Fund’s quarterly distribution for March 2023. Shares purc...