TortoiseEcofin QuickTake Podcasts: Recent Episodes
TortoiseEcofin
Here's what you'll learn:
- Why the S&P 500 remained relatively flat in July and how the broader energy sector performed
- Why crude oil prices aren't higher after the Iran conflict hit its sixth month and flows through the Strait of Hormuz continually standstill
- How pipeline earning are beginning to shake out and a few initial takeaways
- What Williams sold 49% of their Power Innovation project portfolio for and our long-term read on what that could mean
- Why capital allocation into energy and utilities remains strong and what that all means for portfolios moving forward
Watch it now to help keep you and your clients on top of current events.
Fan of the show? Make sure to like
Here's what you'll learn:
- How the global AI race will fuel energy demand for many years in what we are calling "the age of electricity"
- Why natural gas is poised to be the biggest near-term winner for energy
- What additional forms of energy, like nuclear, are contributing to worldwide energy demand
- How U.S. energy security continues to create growth opportunities for many companies operating across the energy sector
- What regulatory actions have been implemented to help lower energy costs for consumers
- How commodity prices will likely remain sensitive to developments in the Iran conflict
- Why capital allocation into energy and utilities remains strong
- What that all means for portfolios moving forward into the second half of 2026
Watch it now to help keep you and your clients on top of current events. Fan of the show? Make sure to like, subscribe and share the episode. Then tune in next week for more timely energy QuickTakes and market insights.
Chapters:
0:00: Intro
0:28 Mid-Year Investment Outlook
1:28 The Age of Electricity Strengthens by Demand
3:13 What's Fueling Natural Gas
4:38 Energy Demand Turns to Nuclear for Consistency
5:35 U.S. Supply Keeps Energy Pricing Secure
6:20 What to Watch in the Second Half of 2026
pipeline #investmentoutlook #energydemand #energyinvestment #tortoisecapital #aiinfrastructure
Here's what you'll learn:
- What’s driving recent volatility in AI infrastructure stocks: Why interest rates, capital markets activity, and investor positioning have pressured the sector.
- Why AI spending remains a powerful growth driver: How hyperscaler capital expenditures continue to rise, supporting long-term demand across the AI infrastructure value chain.
- Where AI’s next infrastructure bottleneck may emerge: Why memory and storage have become critical components as AI workloads require more data processing and capacity.
- What’s fueling the memory supply crunch: How limited new manufacturing capacity and rising demand are driving higher memory prices and creating opportunities for select companies.
- Why Dell has become an AI infrastructure beneficiary: How the company has evolved beyond PCs to capitalize on growing demand for AI servers, enterprise computing, and future AI-enabled devices.
Watch it now to help keep you and your clients on top of current events. Fan of the show? Make sure to like, subscribe and share the episode. Then tune in next week for more timely energy QuickTakes and market insights.
Chapters:
0:00 - 3:10 What's Going on in AI Infrastructure
3:11 - 4:11 What Did or Didn't Changed in AI Selloff
4:12 - 6:45 Is Memory and Storage a Bottleneck
6:46 - 8:17 On Incremental Supply and Demand from Hyperscalers
8:18 - 11:24 Why Dell Is Performing so Well
11:25 - 14:25 Growth Opportunities in AI Moving Forward
aiinfrastructure #aiinvestments #tortoisecapital #energymarkets #energyinfrastructure #aiinvesting
From what drove energy markets in May (and what didn't) to earnings season insights, oil market developments, AI-driven power demand, and key themes to watch this summer, Brian recaps the month of May in energy.
Here's what you'll learn:
- How energy performed in May: Why easing geopolitical tensions and lower oil prices weighed on energy stocks despite the sector’s strong year-to-date performance.
- What earnings season revealed: How capital discipline, LNG exports, refining margins, and utility investment continue to support long-term energy fundamentals.
- What to watch in oil markets: The latest on U.S.-Iran negotiations, global crude supply flows, and the factors helping keep oil prices relatively stable.
- Why NextEra’s acquisition matters: How growing AI-driven electricity demand is fueling utility consolidation and accelerating power infrastructure investment.
- What could shape the summer outlook: Key developments to watch across geopolitics, LNG exports, natural gas demand, and energy infrastructure growth.
Watch it now to help keep you and your clients on top of current events.
Fan of the show? Make sure to like, subscribe and share the episode. Then tune in next week for more timely energy QuickTakes and market insights.
Here's what you'll learn:
- Why natural gas demand may continue rising: From LNG exports to AI adoption and electrification trends
- What pipeline constraints are signaling: How the growing need for infrastructure can support U.S. production
- How AI is reshaping power demand: As more data centers arise, so does the need for reliable, around-the-clock electricity
- What’s supporting the AI infrastructure buildout: How we're seeing increased capital being spent across energy and technology
- How it all affects investors: And why energy infrastructure may remain a long-term strategic opportunity
Watch it now to help keep you and your clients on top of current events.
Fan of the show? Make sure to like, subscribe and share the episode. Then tune in next week for more timely energy QuickTakes and market insights.
Here's what you'll learn:
- Why crude markets may be too complacent: Which forward prices may not be reflecting tightening fundamentals
- What inventory data is signaling: The counter-seasonal draws and record exports reducing supply
- What’s happening with reserves: The Strategic Petroleum Reserve is trending toward historically low levels
- What’s driving volatility: Continued geopolitical happenings and flows through the Strait of Hormuz
- What’s supporting demand: How AI and electrification are accelerating power needs
- How it all effects investors: The improving fundamentals that may be supporting energy equities
Watch it now to help keep you and your clients on top of current events.
Fan of the show? Make sure to like, subscribe and share the episode. Then tune in next week for more timely energy QuickTakes and market insights.
Here's what you'll learn:
- What’s the latest in the Middle East: Escalating tensions, vessel seizures, and military activity are driving continued uncertainty
- What oil markets are signaling: Prices may not fully reflect the scale of supply loss and inventory drawdowns
- What the supply math looks like: Lost barrels, limited bypass capacity, and SPR releases are tightening global balances
- What resolution could look like: Reopening the Strait and restoring production may take months, not weeks
- What it means for the economy: Higher energy prices could feed into inflation and begin impacting sectors like airlines
- What investors may be missing: Why energy equities may present opportunity as markets appear disconnected from underlying fundamentals
Watch it now to help keep you and your clients on top of current events.
Fan of the show? Make sure to like, subscribe and share the episode. Then tune in next week for more timely energy QuickTakes and market insights.
Here’s what you’ll learn:
- What’s the latest in the Middle East: How a fragile ceasefire and restricted Strait of Hormuz access are shaping global energy flows.
- What the crude curve is signaling: Is the market underpricing risk despite ongoing supply disruptions?
- What’s driving supply dynamics: How SPR releases are masking tighter underlying fundamentals.
- Why natural gas is diverging: What’s behind weaker U.S. prices despite significantly higher global demand.
- What investors may be missing: Is the market too complacent about the duration and impact of supply disruption?
Watch it now to help keep you and your clients on top of current events.
Fan of the show? Make sure to like, subscribe and share the episode. Then tune in next week for more timely energy QuickTakes and market insights.
Here's what you'll learn:
- How is ceasefire uncertainty impacting oil markets: Shifting conditions in the Strait of Hormuz are driving ongoing volatility
- When could oil markets normalize: Futures suggest prices may stabilize over time, but timing remains uncertain
- Why is energy leading the S&P 500: Strong fundamentals and demand highlight the sector’s resilience
- What role does infrastructure play in supply: Moving energy is critical to balancing supply and stabilizing prices
- Why is the U.S. relatively insulated: Domestic production and infrastructure are helping keep prices lower
- Where are potential opportunities within energy: Infrastructure strives to offer income, growth potential, and improving fundamentals
Watch it now to help keep you and your clients on top of current events.
Fan of the show? Make sure to like, subscribe and share the episode. Then tune in next week for more timely energy QuickTakes and market insights.
Here's what you'll learn:
- How this has been 'one of the most interesting' months in 20+ years for Brian Kessens: Headlines highlight the disruptions to crude, but recent events have impacted energy supplies almost entirely across the board.
- What this might mean for stock prices: Not surprisingly, energy stocks have moved higher over the past month, but some may have even expected more. That's why it's important to remember the strong start to the year.
- Why this could be a competitive advantage for the U.S.: As an exporter, the U.S. remains energy independent, although there's not much capacity to export more.
- 2 big surprises this month: Get Brian's take on why service stocks are barely up and what's going on with the tanker in the Persian Gulf.
Watch it now to help keep you and your clients on top of current events.
Fan of the show? Make sure to like, subscribe and share the episode. Then tune in next week for more timely energy QuickTakes and market insights.
Here’s what you’ll learn:
- How are Strait of Hormuz disruptions impacting oil: Supply constraints are driving sharp price increases
- Why is the Brent-WTI spread widening: Strikes on Kharg Island are pushing global prices higher than U.S. benchmarks
- What makes Kharg Island critical: Nearly 90% of Iran’s exports flow through this key chokepoint
- Why are global LNG prices rising faster: Import reliance in Europe and Asia is driving higher prices than in the U.S.
- How significant is the Qatar disruption: Rass Laffan damage could take 17% of capacity offline for years
- Why could U.S. exporters benefit: Global buyers may shift toward more reliable U.S. supply
Watch it now to help keep you and your clients on top of current events.
Fan of the show? Make sure to like, subscribe and share the episode. Then tune in next week for more timely energy QuickTakes and market insights.
Here’s what you’ll learn:
- How are infrastructure attacks impacting markets: Terminals, refineries, and LNG facilities are being hit, increasing volatility.
- Why are global prices diverging: International crude and products are surging while U.S. prices remain more stable.
- How could LNG disruption affect supply: Major facility damage could take years to repair, tightening markets.
- Why might the U.S. benefit: Strong domestic supply and exports are helping insulate U.S. markets.
- How effective are Strategic Petroleum Reserve (SPR) releases: Large releases help, but flow limits reduce near-term impact.
- When could markets normalize: Recovery depends on ceasefire timing, repairs, and clearing supply backlogs.
Watch it now to help keep you and your clients on top of current events.
Fan of the show? Make sure to like, subscribe and share the episode. Then tune in next week for more timely energy QuickTakes and market insights.
Here's what you'll learn:
- Heightened volatility: Oil prices are reacting quickly to geopolitical headlines and uncertainty.
- Risk premium emerging: Markets may begin pricing in a geopolitical risk premium for oil.
- Strait of Hormuz disruption: Any sustained closure could significantly tighten global oil supply.
- U.S. advantage: Low domestic natural gas prices may benefit U.S. refiners and petrochemical producers.
- Strategic reserves help—but briefly: Emergency releases can ease supply shocks, but only temporarily.
- Duration matters most: The length of the disruption will ultimately determine market impact.
This month, Senior Portfolio Manager Rob Thummel and Research Analyst Hunter Wilcox highlight key themes shaping the energy sector:
- Market Performance: Energy leads as oil prices climb.
- HALO Trade: Infrastructure assets gain investor attention.
- Power Demand: AI data centers drive new energy needs.
- Pipeline Growth: Behind-the-meter power projects expand.
- LNG Momentum: Volume growth and capital returns remain strong.
- AI Infrastructure: Companies transform to meet HPC demand.
This month, Head of Investments Matt Sallee covers key energy market developments:
- Market Performance: Energy leads the S&P midstream delivers strong gains.
- Weather Impacts: Winter Storm Fern drives price spikes, production losses.
- Infrastructure Strain: PJM proposes reforms amid supply shortfalls.
- Capex Surge: AI demand fuels infrastructure, power, and gas pipeline growth.
- Earnings Season: Positive results from OFS, power turbine, and gas names.
- M&A: Devon and Coterra announce $58B merger in the Delaware Basin.
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This month, Senior Portfolio Manager James Mick recaps energy market performance and explores emerging themes for the year ahead:
- 2025 Recap: Energy equities ended strong despite a 20% drop in crude.
- Midstream & Majors: Outperformed as oil correlations continued to decline.
- Venezuela: Regime change raises questions—but infrastructure challenges remain.
- Geopolitics: U.S.–China tensions may flare over crude trade dynamics.
- 2026 Themes: Humanoid robots, affordability concerns, and nuclear momentum.
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This month, Senior Portfolio Manager Brian Kessens breaks down key energy sector themes:
- Market Moves: Energy and midstream outperform the S&P 500
- Natural Gas: Prices rise on colder weather expectations and controlled production
- Crude Outlook: Brent as OPEC+ cuts kick in
- DOE & AI: AI project aims to fast-track energy innovation
- Permitting Shift: NE states greenlight long-stalled pipeline infrastructure
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This month, Senior Portfolio Manager Rob Thummel covers the latest market shifts:
- Market Recap: Energy dips while the S&P 500 hits near-record highs
- Permian Update: U.S. production grows despite weaker oil prices
- Energy Infrastructure: Positioned for long-term demand from AI and LNG
- AI Capex: Big Tech raises 2025 spending forecasts to $335B
- Utilities: Growth estimates climb with data center load forecasts
- Power Buildout: Behind-the-meter energy projects on the rise
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This month, Head of Investments Matt Sallee shares timely insights into the energy sector’s evolving landscape:
- Market Moves: S&P gains 8% in Q3; energy and utilities keep pace.
- Midstream Check: Trails early in Q3, rebounds to end slightly positive.
- Capital Markets: Energy infrastructure IPO activity gains traction.
- Strategic Deals: Sempra sharpens focus, secures $10B via asset sale.
- AI Infrastructure: Oracle and Stargate plans total over $800B in projects.
- Power Demand: 10 GW of new capacity targeted—nearly NYC’s peak usage.
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This month, Senior Portfolio Manager James Mick covers key energy developments:
- Market Performance: Energy equities stay resilient despite crude and gas weakness
- Midstream Activity: Strategic M&A gains steam in the Permian
- Natural Gas Buildout: Project momentum grows with new pipelines and power demand
- Capex Outlook: Sector investment ramps to support AI-driven energy use
- AI Infrastructure: Nvidia forecasts $3–4T in AI-related capex through 2030
Listen in for a timely market update and energy sector insights.
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This month, Senior Portfolio Manager Brian Kessens highlights key themes driving the energy sector:
- Market Performance: Utilities lead; energy and power sectors outperform.
- Midstream Earnings: Beats from TC Energy, Enbridge; guidance trending higher.
- Capex Outlook: Project pipeline accelerating with stronger permitting support.
- M&A Activity: MPLX and Baker Hughes expand strategically.
- Upstream Trends: More output with less capex; Haynesville picks up steam.
- Power Constraints: Utilities stress grid buildout as AI load growth continues.
Listen in for a timely market update and energy sector insights.
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This month, Senior Portfolio Manager & Market Strategist Rob Thummel shares timely insights on:
- Sector Performance: Utilities and midstream remain standouts
- Geopolitical Risk: Iran-Israel tensions drive sharp swings before stabilizing
- Demand Shift: Why electricity is the new oil
- Capex Highlights: Meta’s new Ohio data center
- Corporate Moves: Cheniere’s LNG capcacity & Plains' $3.75B sale
- M&A Buzz: Shell–BP merger
Listen in for a pulse check on the energy market and implications for investors.
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This month, Senior Portfolio Manager Matthew Sallee covers key energy market moves:
- Market Check: Utilities and midstream gain ground
- Earnings Pulse: Strong beats across power and gas
- Gas Deals: NRG’s $12B acquisition and Vistra’s $1.9B deal
- AI Demand: Data centers fuel infrastructure optimism
- OPEC & Oil: Supply shifts meet geopolitical tension
- Nuclear Policy Shift: Executive orders aim to accelerate innovation
Listen in for a breakdown of what’s driving energy markets now.
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This month, Senior Portfolio Manager Brian Kessens breaks down the latest energy market developments:
- Market Moves: Crude drops 19% in April; midstream outperforms.
- Tariff Fallout: China spares key U.S. energy exports—ethane exempted.
- OPEC+ Impact: Supply push could drive oil to the low $50s.
- Earnings Pulse: Solid results, new gas projects tied to data center demand.
- Quick Hits: Buybacks rise, utility capex steady, LNG demand may climb.
Listen in for a breakdown of the market forces reshaping energy today.
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This month, Senior Portfolio Manager James Mick breaks down key energy market themes:
- Market Performance: Natural gas up 7.4%, energy stocks rise.
- Tariff Talk: New U.S. tariffs spark inflation concerns.
- Energy Strategy Shift: Reshoring boosts U.S. energy momentum.
- Crude Snapshot: OPEC+ supply moves and sanctions pressure oil supply.
- Quick Hits: Gas inventories fall, prices swing 70%, and inflation escalators in play.
Listen in for a breakdown of how policy shifts and market forces are shaping the energy landscape.
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This month, Senior Portfolio Manager Rob Thummel breaks down the latest energy market shifts:
- Performance: Natural gas prices surged 30%, driving sector gains despite broader market declines.
- AI’s Energy Impact: Big Tech’s projected $300B in 2025 capex, with utilities forecasting long-term growth.
- Capex Trends: Big Oil majors plan over $100B in 2025 capital spending.
- LNG Boom: U.S. LNG exports expected to nearly double, securing America’s dominance in global energy markets.
- Quick Hits: Energy Transfer’s AI data center natural gas deal, Dominion Energy’s 88% surge in contracted data center capacity, and small modular nuclear reactors traction.
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This month, Senior Portfolio Manager Matt Sallee covers key energy market updates:
- Market Performance: AI-fueled energy demand drives infrastructure growth.
- Natural Gas Expansion: Major investments from Constellation, NextEra, and Chevron signal a shift toward gas-powered generation.
- Kinder Morgan’s Outlook: $3.3 billion in new natural gas pipeline projects, with demand forecasted to grow 30% by 2030.
- Energy Tariffs: Trump’s executive orders impose tariffs on Canadian and Mexican imports, impacting refiners, with the situation continuing to evolve.
- Quick Hits: DeepSeek’s AI model shakes energy markets, Meta and Microsoft reaffirm AI infrastructure spending, and Venture Global’s $1.8 billion IPO signals renewed capital market activity.
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This month, Senior Portfolio Manager Brian Kessens shares these key insights:
- Energy Sector Recap: AI-driven growth with midstream performance surging by 44% as measured by the Alerian Midstream Energy Index.
- Trump’s Energy Agenda: Anticipated lighter regulations and a comprehensive energy strategy
- Natural Gas Demand Outlook: LNG exports, AI-powered data centers, and reshoring poised to boost demand
- Utilities on the Rise: Data center demand and EV adoption
- Quick Hits: Record U.S. oil production, M&A moves, and midstream infrastructure investments.
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This month, Senior Portfolio Manager James Mick covers key energy market updates:
- Market Performance: Strong sector gains.
- Trump’s Energy Policy: Deregulation, LNG growth, sanctions driving oil.
- Natural Gas Outlook: Higher LNG exports expected to benefit producers.
- Energy Tariffs: Proposed tariffs could raise U.S. refining costs.
- Quick Hits: OPEC+ cuts, Israel-Hezbollah ceasefire, ONEOK-Enlink buyout, DOE appointment.
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In this month's energy podcast Senior Portfolio Manager, Rob Thummel, discusses:
- Market Performance: S&P 500 hits an all-time high; energy and real estate lag
- Energy Gains: Energy stocks outperforming, infrastructure up 34% YTD
- Earnings Insights: Increased natural gas turbine orders driven by AI
- Nuclear Developments: Google and Amazon partner on Small Modular Reactors
- Natural Gas Investment: Evergy invests $2 billion in new plants for future electricity needs
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In this month's energy podcast, Matt Sallee dives into the latest trends shaping the energy sector:
- Strong Q3 Gains: Midstream and utilities are seeing solid performance, with rising demand for natural gas and electricity.
- Geopolitical Tensions: Crude oil prices are surging amid ongoing tensions between Israel and Iran.
- Nuclear Energy Expansion: Constellation Energy reactivates Three Mile Island Unit 1, bringing 835 MW of carbon-free energy online—backed by Microsoft.
- Electricity Demand Surge: AI and digital transformation are driving unprecedented electricity needs.
- Corporate Developments: The latest M&A activities across the sector.
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In this month's energy podcast, Senior Portfolio Manager, Brian Kessens, provides key insights into August’s market performance, covering:
- Mixed results driven by declining crude oil prices
- Strong midstream earnings, with half of companies surpassing expectations
- Improved drilling and oilfield service efficiency, even with fewer rigs in operation
- The latest updates on M&A across the sector
- A preview of the upcoming Barclay's Energy Conference, with a focus on capital returns, operational efficiency, and volume trends
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In this month's energy podcast, Senior Portfolio Manager, James Mick, discusses:
- July market performance: drops in crude oil and natural gas, while the S&P Energy Select Sector Index and utilities performed well
- Market focus shifting from inflation to unemployment, affecting interest rate expectations
- Midstream earnings slightly beating estimates, with strong free cash flow
- Energy topics of interest: new natural gas pipeline announced, expansion of LPG export facility, and record capacity auction prices in the northeast PJM region
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In this month's energy podcast, Senior Portfolio Manager, Rob Thummel, discusses:
- S&P climbing 15% and the energy sector standing out, led by strong gains in infrastructure
- Oil prices rising 6% in June and natural gas surging 48% amid production adjustments and demand spikes
- Energy infrastructure stocks showing resilience with improved fundamentals
- OPEC+'s decision to extend production cuts and the operational launch of the Mountain Valley Pipeline
- Cheniere Energy continuing robust capital allocation strategy with 15% dividend increase and $4 billion stock buyback
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In this month's energy podcast, President of Tortoise, Matt Sallee, discusses:
- Strong May returns for energy infrastructure despite softening crude prices
- Resilient midstream sector with significant fund flows and stable valuations
- Positive macro trends with moderate CPI growth and stable forward expectations
- Recap of Q1 earnings, midstream performance, utilities growth, and consolidation activity
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In this month's energy podcast, Senior Portfolio Manager Brian Kessens discusses:
- Mixed energy sector performance in April after strong Q1
- First quarter earnings insights
- Midstream sector highlights
- Downstream and utilities performance as refiners face margin challenges
- AI's role - meeting growing power demand from data centers
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In this month's energy podcast, Senior Portfolio Manager James Mick discusses:
- Performance updates
- Rising crude oil markets as geopolitical tensions continue to escalate
- Updates on M&A activity
- Recap on an eventful CERAweek
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In this month's energy podcast, Senior Portfolio Manager Rob Thummel discusses:
- Performance updates
- Factors affecting crude oil and natural gas prices and inventories
- Optimistic outlook for the energy sector endorsed by industry veterans Jim Teague and Warren Buffet
- Forecast for strong LNG growth
- Increase in M&A activity
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In this month's energy podcast, President of Tortoise Matt Sallee discusses:
- M&A activity driving MLP outperformance
- The expectation for strong international activity continues to be a theme for oil field services
- Natural gas gathering and transportation volumes continue to drive growth to feed increasing demand for exports
- Impact following Biden administration's order to the Department of Energy to halt review of applications for new LNG terminals
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In this month's energy podcast, Senior Portfolio Manager Brian Kessens discusses:
- Performance updates across the energy sector
- AI’s influence in 2023
- Crude oil and natural gas production growth
- Challenges in the utility sector and the ongoing impact of the Inflation Reduction Act (IRA)
- Strategic mergers and acquisitions (M&A)
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In this month's energy podcast, Senior Portfolio Manager James Mick discusses:
- Performance updates across the board
- Update on Fed policy and interest rates
- Crude oil markets following the delayed OPEC+ November meeting
- Potential major geopolitical concern for oil markets centers around Venezuela and whether or not it chooses to invade neighboring Guyana
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In this month's energy podcast, Senior Portfolio Manager Rob Thummel discusses:
- Updates across the energy sector
- Oil price fluctuation due to ongoing conflicts on the middle east
- The biannual release of potential supply of natural gas to the US by the Potential Gas Committee
- The return of the mega-merger to the energy sector
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In this month's energy podcast, President of Tortoise Matt Sallee discusses:
- Three consecutive positive quarters for energy in 2023
- M&A - an important theme this year within the energy and power infrastructure sector
- Continued challenges in the renewable markets
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In this month's energy podcast, Senior Portfolio Manager Brian Kessens discusses:
- Updates on second quarter earnings
- Continuation of M&A activity
- Oil market tightening
- Expectations for the upcoming conference circuit- starting with Barclays Energy Conference this week
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In this month's energy podcast, Senior Portfolio Manager James Mick discusses:
- Performance updates across the board
- The Fed restarting interest rate hikes after a brief respite in June
- Multiple weeks of positive returns for crude oil
- July kicking off earnings season with several companies reporting
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In this month's energy podcast, Senior Portfolio Manager Rob Thummel discusses:
- How we believe the energy sector is poised to make a comeback in the second half of the year
- OPEC+ reset quotas lowering 2024 production levels
- Updates on ONEOK's potential acquisition of Magellan Midstream Partners
- Significant new contract activity in the global LNG market as the U.S. and Qatar vie for top spot as largest global exporter of LNG
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In this month's energy podcast, Senior Portfolio Manager Matt Sallee discusses:
- Updates on earnings season and key themes across the board
- Midstream being a bright spot in Q1 energy earnings
- The increase in M&A activity in both upstream and midstream
- Push back following ONEOK acquisition of Magellan Midstream
- Macro concerns surrounding the debt ceiling legislation and looming recession potential
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In this month's energy podcast, Senior Portfolio Manager Brian Kessens discusses:
- OPEC’s decision to reduce crude oil production in attempt to gain control of prices
- Continued high natural gas inventories and the results
- Accelerated buybacks in midstream following banking crises
- New EPA rules targeting emission standards
- Expectations for the Fed’s upcoming meeting on interest rates
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In this month's energy podcast, Senior Portfolio Manager James Mick discusses:
- March updates across energy and oil sectors
- Silicon Valley Bank shutdown and its subsequent impact on energy companies and market returns
- OPEC’s surprising cut to crude oil production
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In this month's energy podcast, Senior Portfolio Manager Rob Thummel discusses:
- Commodity prices remaining low, although there are some indications of higher prices by the end of the year
- Key themes from earnings updates
- Energy companies continuing to take an all-of-the-above approach to energy transition
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In this timely energy podcast, Senior Portfolio Manager Rob Thummel discusses:
- Contributing factors to the historic fall of natural gas prices
- Why did they fall so quickly?
- Our outlook for natural gas prices in 2023?
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In this week’s energy podcast, Senior Portfolio Manager Matt Sallee discusses:
- Midstream outperforming the S&P in 2022 with lower volatility (beta of 0.70 to the S&P and 0.36 to crude oil)
- IEA forecasting record demand growth leading to tight supply putting upward pressure on oil prices
- Kickoff to fourth quarter earnings season
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In this year-end energy podcast, Senior Portfolio Managers Rob Thummel, James Mick, Brian Kessens and Matt Sallee discuss:
- An overview of the commodity markets and outlook for 2023
- Midstream year in review and outlook
- View on the broader energy sector and key themes going forward
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In this week’s energy podcast, Senior Portfolio Manager Matt Sallee discusses:
- An interesting juxtaposition in the oil market between the bullish developments in the physical market vs the somewhat bearish futures market
- Updates in the LNG market including Sempra announcing partnership with ConocoPhillips for its Port Arthur export facility and New Fortress finalizing agreement with Pemex
- Company news highlights from TC Energy and Enbridge
- Updates following OPEC's last meeting
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In this week's energy podcast, Senior Portfolio Manager Brian Kessens discusses the following topics from last week:
- Some clarity provided as midterm election outcomes become known, 3Q earnings come to a close and an expected 50 bps interest rate hike in December
- Crude oil moved lower on an increase in Covid cases in China
- Updates from two notable industry conferences
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In this week’s energy podcast, Senior Portfolio Manager James Mick discusses:
- Two primary forces that drove macro news: the Fed and China
- Tuesday’s election not producing the expected red wave- and the market doesn’t like surprises
- Better-than-expected CPI results on Thursday
- China’s developing plan to lighten up its zero Covid policy in 2023, which should be positive for energy demand
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In this week’s energy podcast, Senior Portfolio Manager Rob Thummel discusses:
- In October, Alerian MLP Index outperformed the Dow Jones Industrial Average, which had its best monthly gain since January 1976
- Updates on third quarter earnings season with many core infrastructure holdings reporting results last week
- Companies unveiling expansions to the U.S. energy infrastructure network that should facilitate increasing exports of crude oil, natural gas, and natural gas liquids
- Impact of a windfall profits tax suggested by President Biden
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In this week’s energy podcast, Senior Portfolio Manager Matt Sallee discusses:
- An overview of earnings results from across the value chain
- Excelerate Energy announced the finalization of yet another LNG contract with the German government to deliver incremental gas supplies
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In this week's energy podcast, Senior Portfolio Manager Brian Kessens discusses:
- Markets bounced back last week after the UK made a U-turn on fiscal policy and conjecture the Fed may be less hawkish at its early November meeting
- President Biden announced a 15 million barrel draw from SPR through December in an effort to keep crude oil prices lower
- Update on third quarter earnings season
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In this week’s energy podcast, Senior Portfolio Manager James Mick discusses:
- CPI indicating potentially more rate hikes to curb inflation
- Why we think higher crude oil prices will not push the US into a recession
- Midstream energy companies continue to participate in the energy transition using existing pipeline systems to transport cleaner energy sources
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In this week’s energy podcast, Senior Portfolio Manager Rob Thummel discusses:
- Midstream energy outperformed the broad markets increasing almost 4%
- OPEC+ announced that it will cut production by 2 million barrels per day starting in November
- European countries are taking actions to reduce energy consumption over the winter due to Russia cutting natural gas to Europe
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In this week’s energy podcast, Senior Portfolio Manager Quinn Kiley discusses:
- Consensus view appears to be that the Fed’s conviction that it must increase interest rates to fight inflation will cause a recession
- Unfortunately Senator Manchin’s language to limit permitting time for infrastructure projects was removed from the bill
- OPEC+ meets this week and positive communication to support oil prices could drive energy stock higher
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In this week’s energy podcast, Senior Portfolio Manager Quinn Kiley discusses:
- Consensus view appears to be that the Fed’s conviction that it must increase interest rates to fight inflation will cause a recession
- Unfortunately Senator Manchin’s language to limit permitting time for infrastructure projects was removed from the bill
- OPEC+ meets this week and positive communication to support oil prices could drive energy stock higher
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In this week’s energy podcast, Senior Portfolio Manager Brian Kessens discusses:
- Senator Manchin provided details of his Energy Independence and Security Act of 2022, which contains a host of provisions that could benefit the entire energy value chain
- Two more US LNG developments from Cheniere Energy and Tellurian
- This week includes watching out for tropical storms and how they could impact energy prices
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In this week’s energy podcast, Senior Portfolio Manager Brian Kessens discusses:
- Senator Manchin provided details of his Energy Independence and Security Act of 2022, which contains a host of provisions that could benefit the entire energy value chain
- Two more US LNG developments from Cheniere Energy and Tellurian
- This week includes watching out for tropical storms and how they could impact energy prices
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In this week’s energy podcast, Senior Portfolio Manager Brian Kessens discusses:
- Senator Manchin provided details of his Energy Independence and Security Act of 2022, which contains a host of provisions that could benefit the entire energy value chain
- Two more US LNG developments from Cheniere Energy and Tellurian
- This week includes watching out for tropical storms and how they could impact energy prices
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In this week’s energy podcast, Senior Portfolio Manager Matt Sallee discusses:
- On the bright side, the latest PPI data points to a 13% FERC tariff escalator for liquids pipelines
- Positive company news for Cheniere, Crestwood and NextDecade
- Energy is the only sector not expected to experienced negative earnings revisions for Q3
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In this week’s energy podcast, Senior Portfolio Manager Matt Sallee discusses:
- On the bright side, the latest PPI data points to a 13% FERC tariff escalator for liquids pipelines
- Positive company news for Cheniere, Crestwood and NextDecade
- Energy is the only sector not expected to experienced negative earnings revisions for Q3
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In this week’s energy podcast, Senior Portfolio Manager Matt Sallee discusses:
- On the bright side, the latest PPI data points to a 13% FERC tariff escalator for liquids pipelines
- Positive company news for Cheniere, Crestwood and NextDecade
- Energy is the only sector not expected to experienced negative earnings revisions for Q3
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In this week’s energy podcast, Senior Portfolio Manager James Mick discusses:
- OPEC+ elected to cut production by 100,000 barrels per day, reversing it’s previous increase
- The natural gas concerns for Europe continue as Mother Nature will decide how long storage levels last
- Acquisition announcements from Williams Companies and EQT
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In this week’s energy podcast, Senior Portfolio Manager James Mick discusses:
- OPEC+ elected to cut production by 100,000 barrels per day, reversing it’s previous increase
- The natural gas concerns for Europe continue as Mother Nature will decide how long storage levels last
- Acquisition announcements from Williams Companies and EQT
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In this week’s energy podcast, Senior Portfolio Manager James Mick discusses:
- OPEC+ elected to cut production by 100,000 barrels per day, reversing it’s previous increase
- The natural gas concerns for Europe continue as Mother Nature will decide how long storage levels last
- Acquisition announcements from Williams Companies and EQT
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In this week’s energy podcast, Senior Portfolio Manager Rob Thummel discusses:
- Elon Musk underscored the need for oil and gas in the short term for the multi decade transition to a sustainable economy
- The national average price for unleaded gasoline has declined for 81 straight days
- Europe gears up for the winter season by increasing LNG imports, receiving nearly 70% of US record level exports
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In this week’s energy podcast, Senior Portfolio Manager Rob Thummel discusses:
- Elon Musk underscored the need for oil and gas in the short term for the multi decade transition to a sustainable economy
- The national average price for unleaded gasoline has declined for 81 straight days
- Europe gears up for the winter season by increasing LNG imports, receiving nearly 70% of US record level exports
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In this week’s energy podcast, Senior Portfolio Manager Rob Thummel discusses:
- Elon Musk underscored the need for oil and gas in the short term for the multi decade transition to a sustainable economy
- The national average price for unleaded gasoline has declined for 81 straight days
- Europe gears up for the winter season by increasing LNG imports, receiving nearly 70% of US record level exports
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In this week’s energy podcast, Senior Portfolio Manager Brian Kessens discusses:
- Oil prices hinge on whether or not sanctions with Iran are removed
- Energy Secretary Jennifer Granholm requests US refiners curb refined product exports
- Natural gas prices vary greatly regionally due to scheduled maintenance among other factors:
- US Henry Hub prices $9 per mmbtu
- German prices are at a multiple of that at $70 per mmbtu
- Canadian prices at a fraction of US prices, at $3 / mmbtu
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In this week’s energy podcast, Senior Portfolio Manager Matt Sallee discusses:
- Key highlights from the Citi Energy conference
- Results from the tail end of Q2 earnings
- Phillips and Enbridge announce transaction
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In this week’s energy podcast, Senior Portfolio Manager Quinn Kiley discusses:
- Continuations of strong second quarter earnings reports
- International Energy Agency (IEA) increased outlooi for petroleum demand
- OPEC+ lowered it’s expected growth forecast with oil responding by reversing negative price moves
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In this week’s energy podcast, Senior Portfolio Manager James Mick discusses:
- 16 midstream companies reported last week with over half raising full year guidance
- With oil inventories down and demand expectations in flux, oil prices dropped to pre-Ukraine invasion levels
- Why we think current oil prices are good for midstream companies
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In this week’s energy podcast, Senior Portfolio Manager Rob Thummel discusses:
- If passed, the Act highlights broader acceptance amongst U.S. politicians of an all-of-the-above solution to decarbonization and growing interest in energy security
- Equity markets made a strong rebound in July with energy infrastructure outperforming the broad market
- Key takeways from second quarter earnings season, including continued demand for U.S. LNG
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In this week’s energy podcast, Senior Portfolio Manager Matt Sallee discusses:
- Earnings results from Kinder Morgan, Haliburton and more.
- Numerous agreements and partnerships announced in the LNG space
- An update on the Nord Stream 1 pipeline in Europe
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In this week’s energy podcast, Senior Portfolio Manager Brian Kessens discusses:
- A stronger US dollar and fears of softer energy demand pushed oil down 7%
- Bad news for energy inclusion in the Build Back Better proposal
- LNG contracts continue to be announced and signed
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In this week’s energy podcast, Senior Portfolio Manager Quinn Kiley discusses:
- Market results for the week were surprisingly mild given the volatility
- Why we think the recent sell-off in energy could be an attractive buying opportunity
- Big regulatory news as the US Supreme Court ruled in favor of several states suing the EPA over its efforts to enforce the Clean Power Plan
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In this week’s energy podcast, Senior Portfolio Manager James Mick discusses:
- A recap of the first half of 2022 from a performance standpoint
- Why increasing oil production may fail to lower prices
- Takeaways from BPs annual Statistical Review of World Energy underscore the need for more energy supply while keeping emissions to a minimum
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In this week’s energy podcast, Senior Portfolio Manager Rob Thummel discusses:
- Lackluster performance leaving investors wondering if the energy sector rally has run its course
- LNG companies in the U.S. and Qatar partner to expand LNG export volumes and solidify the U.S. as a global leader in LNG exports
- A recent EIA report showing U.S. refinery capacity at its lowest level since 2014
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In this week’s energy podcast, Senior Portfolio Manager Matt Sallee discusses:
- 3 factors driving recent energy underperformance
- Summary of key oil market reports
- Update on global natural gas markets
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In this week’s energy podcast, Senior Portfolio Manager Brian Kessens discusses:
- Energy markets continue to trade up over expected commodity price increases
- LNG contracts gain momentum with two new agreements
- Takeaways from recent energy conferences on cost increases and production growth
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In this week’s energy podcast, Senior Portfolio Manager Quinn Kiley discusses:
- How crude oil prices responded to new sanctions on Russian oil imports
- Updates on unemployment numbers and the possible return of Build Back Better (BBB)
- Kinetik Holdings makes history as the first US midstream company to issue sustainability-linked bonds
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In this week’s energy podcast, Senior Portfolio Manager James Mick discusses:
- Energy surged this week with exploration and production companies leading the way
- Takeaways from the latest Fed meeting minutes show the Fed may take a more flexible approach to raising rates
- Factors that can drive energy stocks higher including the need for energy security, low inventories and high free cash flow
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In this week’s energy podcast, Senior Portfolio Manager Rob Thummel discusses:
- Announcements from major energy companies focused on increasing supply to tame inflation and enhance global energy security
- A summary of Merger & Acquisition activity last week
- Updates on newly announced carbon capture projects and the opening of a new battery recycling facility
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In this week’s energy podcast, Senior Portfolio Manager Matt Sallee discusses:
- Why energy is doing relatively well in a market where most are seeing earnings power erode
- Earnings results and outlook from two Waste to Energy companies
- New LNG developments from Exxon and New Fortress
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In this week’s energy podcast, Senior Portfolio Manager Brian Kessens discusses:
- The recent surge in energy markets led by crude oil and natural gas
- Reports from earnings season show companies are prioritizing distributions and dividend growth
- Details on a new energy transition partnership between EnLink and Occidental Petroleum
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In this week’s energy podcast, Senior Portfolio Manager Quinn Kiley discusses:
- Dramatic volatility occurring across all markets driven by concerns over China’s zero-COVID policy lockdowns, shrinking U.S. GDP and a hawkish federal reserve
- Oil majors ExxonMobil and Chevron both reported earnings slightly below expectations
- Distribution and dividend increases announced by multiple midstream companies
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In this week’s energy podcast, Senior Portfolio Manager James Mick discusses:
- How Federal Reserve Chairman Powell’s comments on reducing inflation have affected energy and other equity markets
- Oil price forecasts boosted by news that Russian oil production is falling at much greater levels than anticipated
- Themes from the start of earnings season focused on the supply/demand imbalance leading to strong commodity prices
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- As 1Q earnings season kicks off, the energy sector is expected to deliver rising earnings and higher cash flow some of which will be returned to investors via dividend increases.
- High commodity prices are partially linked to low domestic as well as global inventories. The chart below highlights U.S. inventory levels for coal, natural gas, and oil as a percentage of normal for this time of year.
- Producer price index (PPI) numbers were released for March 2022 indicating an annual increase in PPI of 11%. Pipeline transportation rates for regulated liquids oil and refined product pipelines can be increased by 8.7% in July of 2022 related to the PPI increase in 2021.
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In this week's energy podcast, Senior Portfolio Manager Matt Sallee discusses:
- Key takeaways from the House hearing on high energy prices featuring Exxon, Chevron and BP
- Weekly Department of Energy (DOE) report shows signs of oil price relief
- New LNG projects in Asia underscore the need for US natural gas over the next several years
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In this week’s energy podcast, Senior Portfolio Manager Brian Kessens discusses:
- Price forecasts following an announcement of a release from the Strategic Petroleum Reserve (SPR)
- Announcements around new LNG construction and contracting show the US will play an outsized role in the EU’s pivot away from Russian natural gas
- Takeaways from Magellan Midstream's analyst day which emphasized their stable, low risk assets
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In this week’s energy podcast, Senior Portfolio Manager Quinn Kiley discusses:
- Capital events markets shine a light on the importance of energy supply
- The U.S. agrees to provide additional natural gas supplies to Europe in an effort to wean Europe off of Russian energy
- New deals announced by Occidental Petroleum and Delta Airlines aimed at reducing emissions
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In this week’s energy podcast, Senior Portfolio Manager James Mick discusses:
- Both bearish and bullish views of the market
- Weighing supply and demand predictions and their effect on oil prices
- Two major company announcements demonstrate the continued trend of consolidation within midstream
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In this week’s energy podcast, Senior Portfolio Manager Rob Thummel discusses:
- How Russia fits into the global energy mix now and going forward
- Our ideas for a long-term global solution to increase production
- Recently announced Liquid Natural Gas (LNG) projects aimed at reducing emissions
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In this week’s energy podcast, Senior Portfolio Manager Matt Sallee discusses:
- The International Energy Agency (IEA) announcing a coordinated 60 million barrel release to combat rising energy prices
- Key takeaways from in-person conferences hosted by Credit Suisse and Morgan Stanley including a focus on expanding our supply of energy to the rest of the world
- Positive aspects stemming from the recently announced joint venture between Pembina and KKR
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In this week’s energy podcast, Senior Portfolio Manager Brian Kessens discusses:
- Challenges presented by the Russia-Ukraine war and what it could mean for energy markets
- Key takeaways from earnings announcements from upstream and midstream companies include dividend and distribution growth
- Biden administration considering another Strategic Petroleum Reserve (SPR) release to alleviate high oil prices
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In this week’s energy podcast, Senior Portfolio Manager Quinn Kiley discusses:
- How rising tensions between Russia and Ukraine have affected global markets
- Jet fuel demand makes a comeback as air travel reaches close to 2019 levels
- Earnings announcements illustrate that investing in energy transition and returning cash to shareholders remain top priorities
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In this week’s energy podcast, Senior Portfolio Manager James Mick discusses:
- Escalation of Russia-Ukraine conflict and the impact to commodities
- Predictions for crude oil prices in 2022 driven by OPEC’s inability to hit monthly quotas
- New natural gas and energy transition projects announced by major energy companies
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In this week’s energy podcast, Senior Portfolio Manager Rob Thummel discusses:
- Low global oil inventories lead to highest prices in 7 years
- Why natural gas prices in New England are disproportionally higher than the rest of the country
- Earnings announcements from major energy companies highlight the importance of free cash flow
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In this week’s energy podcast, Senior Portfolio Manager Matt Sallee discusses:
- A volatile week for markets led by concerns over a rate hike and escalation of the Ukraine conflict
- Major energy companies announce significant dividend increases
- Announcements from renewable natural gas (RNG) producers show this sector is poised for serious growth
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In this week’s energy podcast, Senior Portfolio Manager Brian Kessens discusses:
- Crude oil remains resilient to the market volatility affecting broad energy and midstream sectors
- Announcements from Kinder Morgan, Shlumberger and Baker-Hughes show companies are optimistic about 2022
- An update from FERC provides compelling inflation protection for liquids pipelines
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In this week’s energy podcast, Senior Portfolio Manager Quinn Kiley discusses:
- Merger & acquisition announcements from major energy companies including a biofuel acquisition from Exxon Mobil
- Why we believe the trend of returning capital to shareholders will accelerate in 2022
- Risks and benefits of a high inflationary environment on midstream companies
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In this week’s energy podcast, Senior Portfolio Manager James Mick discusses:
- How the Fed’s rate hikes have accelerated the energy equities rally
- Market concerns over OPEC’s ability to increase production
- Key takeaways from the first energy conference of the year underscore that the energy sector is here to stay
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In this year-end energy podcast, Senior Portfolio Manager Rob Thummel discusses:
- An overview of energy performance in 2021 and a brief outlook for 2022
- How having low cost natural gas gives the U.S. a significant economic advantage and accelerates the energy transition
- High dividend yields and strong free cash flow propelling midstream sector outperformance in 2021
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In this week’s energy podcast Senior Portfolio Manager Matt Sallee discusses:
- How the most recent Energy Information Administration (EIA) short term energy outlook supports our view that utilization of existing energy infrastructure will increase in 2022
- Highlights from major energy companies as they release 2022 guidance
- ESG investors shifting their priorities to focus on engagement rather than an exclusionary strategy
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In this week’s energy podcast, Senior Portfolio Manager Quinn Kiley discusses:
- An update on the house version of the Build Back Better bill and provisions in the bill that will affect energy markets
- Energy markets were pleasantly surprised by an OPEC+ decision to increase production in January
- Merger & acquisition announcements and updated emissions targets from major energy companies
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In this week’s energy podcast, Senior Portfolio Manager Brian Kessens discusses:
- Energy stocks held in relatively well along with natural gas prices finishing higher amid week-ending Omicron headlines
- Strategic Petroleum Reserve release decisions and OPEC’s next key meeting
- Company news: Cheniere’s new 20-year LNG contract; Pembina’s management bench; and emission reduction targets from Keyera
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In this week’s energy podcast, Senior Portfolio Manager James Mick discusses:
- Biden working on coordinating a strategic petroleum reserve (SPR) release between the US, China and Japan
- An update on natural gas prices and a new LNG agreement between Cheniere Energy and Engie
- Key takeaways from the RBC Energy conference in Dallas with capital allocation being a main topic
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In this week’s energy podcast, Senior Portfolio Manager Rob Thummel discusses:
- How the US can reduce oil prices despite OPEC’s reluctance to increase supply
- Earnings results from Western Midstream Partners (WES) highlight their strong capital allocation plan
- A new collaboration between TC Energy and Hyzon Motors to build hydrogen production hubs across North America
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In this week’s energy podcast, Senior Portfolio Manager Matt Sallee discusses:
- OPEC's views that the energy crisis is not oil related but due to an insufficient supply of natural gas
- Key themes for earnings season including return of capital, high volumes and investment in renewables
- Why we think the White House's methane action plan is a positive for the energy industry
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In this week’s energy podcast, Senior Portfolio Manager James Mick discusses:
- Market reactions to the house agreement on the reconciliation package
- OPEC’s projection of excess supply in 2022 pushed crude oil markets negative for the first time in nine weeks
- Earnings announcements including an energy evolution announcement from Plains All American Pipeline and an LNG agreement from Cheniere Energy
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In this week’s energy podcast, Portfolio Manager Quinn Kiley discusses:
- Earnings recap, including Kinder Morgan's investment in terminals to handle renewable fuels
- Another LNG agreement to supply China's energy demand
- A look ahead to the UN's Climate Change Conference, COP26
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In this week’s energy podcast, Senior Portfolio Manager Brian Kessens discusses:
- Energy markets up across the board due to easing travel restrictions and rising LNG prices causing companies to switch to crude oil
- Cheniere Energy announces purchase agreement with China’s largest natural gas distribution company
- New energy transition and net-zero commitments from traditional energy companies
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In this week’s energy podcast, Senior Portfolio Manager Rob Thummel discusses:
- An update on natural gas prices and some insight on what is driving the current prices
- Details on TC Energy’s hydrogen facility agreement with electric truck company Nikola
- Results from the OPEC+ meeting on production levels
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In this week’s energy podcast, Senior Portfolio Manager Matt Sallee discusses:
- How the UK government is responding to a gas shortage driven by panic buying from consumers already dealing with price spikes in electricity and natural gas
- Highlights from Enbridge’s ESG focused analyst day
- How midstream companies are delivering on their promise to reduce emissions
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In this week’s energy podcast, Senior Portfolio Manager Brian Kessens discusses:
- An early week market scare from a Chinese market developer sent markets on a tailspin, but they quickly reversed with energy leading the way
- Crude oil demand expectations rise for 2022, as surging LNG prices are forcing companies to switch to a cheaper alternative
- The Biden Administration announces its support for including renewable energy activities as MLP qualifying income
- New energy transition and carbon reduction projects are announced by major energy companies
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In this week’s energy podcast, Senior Portfolio Manager Quinn Kiley discusses:
- How the new “Human Infrastructure” bill could benefit midstream energy companies by encouraging ESG investments
- Energy transition announcements from several traditional energy companies show how existing infrastructure can and will be repurposed in a low carbon future
- OPEC’s refreshed oil demand outlook shows natural gas will be required long into the future
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In this week’s energy podcast, Senior Portfolio Manager James Mick discusses:
- Natural gas prices continue to surge, caused by increasing international demand and low inventory levels
- Chevron announces 3 new energy transition projects
- Williams Companies and Cheniere Energy announce new stock buyback programs
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In this week’s energy podcast, Senior Portfolio Manager Rob Thummel discusses:
- How OPEC’s recent decision to increase production has affected projections for oil supply in 2022
- Updated data from the EIA shows oil supply is in line with 2020 numbers
- How hurricane Ida has impacted oil production in the Gulf of Mexico
- New energy transition projects announced by Energy Transfer Partners (solar) and Chevron (biofuels)
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In this week’s energy podcast, Senior Portfolio Manager Matt Sallee discusses:
- Positive news regarding the delta variant projections and comments from Federal Reserve Chairman Powell pushed markets higher last week
- Refined product demand hits another post pandemic high driven by healthy refinery utilization
- An update on Hurricane Ida’s impact on energy infrastructure in Louisiana
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In this week’s energy podcast, Senior Portfolio Manager Brian Kessens discusses:
- A recent court decision to allow bidding for federal onshore and offshore oil and gas leases
- Details on the merger of Brookfield Infrastructure Partners and Inter Pipeline
- An update on how hurricane level storms could effect energy infrastructure in the Northeast
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In this week’s energy podcast, Senior Portfolio Manager Quinn Kiley discusses:
- Energy companies must invest in methane capture in order to make the biggest impact on climate change
- Factors contributing to volatility in energy markets and the Biden administration’s efforts to lower gas prices
- How the summer sell-off may have presented an attractive entry point to reposition into energy stocks
- New earnings reports from Western Midstream and Chesapeake Energy position energy as the highest yielding sector in the market
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In this week’s energy podcast, Senior Portfolio Manager James Mick discusses:
- How the delta variant has affected economies and what we think the implications will be going forward
- Energy markets moving in tandem with the 10 year yield, which hit a new low last week
- Promising results from the busiest week in Q2 earnings season with over 60 companies reporting
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In this week’s energy podcast, Senior Portfolio Manager Rob Thummel discusses:
- Energy sector generating more than double the free cash flow as major tech stocks
- Earnings reported from energy companies are in line with expectations, with petrochemicals driving positive results due to strong global GDP growth in 2021
- Recent sustainability reports form energy companies show positive results in the fight to reduce emissions
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In this week’s energy podcast, Senior Portfolio Manager Matt Salee discusses:
- Noteworthy developments in energy transition opportunities
- Q2 earnings kick-off updates from Halliburton, Kinder Morgan and NextEra
- News to follow: Inter Pipeline’s engagement with Brookfield as Pembina deal is terminated
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In this week’s energy podcast, Senior Portfolio Manager Brian Kessens discusses:
- OPEC+ and Abu Dhabi reach an agreement that should reduce supply uncertainty through the end of 2021
- Trans-Panama Gateway Pipeline explores constructing an LPG pipeline across Panama to bypass the increasing traffic in the Panama Canal
- Energy companies continue to make efforts to decarbonize in order to meet their emissions goals
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In this week’s energy podcast, Senior Portfolio Manager Quinn Kiley discusses:
- High air travel numbers and low crude inventory levels indicate the economic recovery is on track
- Keystone XL pipeline backer files suit against the Biden administration
- EQT & Chevron set goals to lower emissions and improve ESG performance
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In this week’s energy podcast, Senior Portfolio Manager James Mick discusses:
- MLPs remain positive despite mixed performance in the markets
- Energy markets continue to surge with much more potential to grow in the second half of 2021
- Updates from ConocoPhillips and Sempra on how they can reduce emissions while meeting rising energy demand
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In this week’s energy podcast, Senior Portfolio Manager Rob Thummel discusses:
- S&P 500 Index ended last week at a record high boosted by a potential bi-partisan infrastructure bill
- Energy and energy infrastructure sectors on pace for best performers in 2Q
- First ever sustainability bond in the energy sector priced by Enbridge
- 8th largest natural gas producer, Southwestern, announces agreement with Project Canary
- Natural gas opportunities: carbon capture in U.S. shale production and the U.S. as largest global LNG supplier
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In this week’s energy podcast, Senior Portfolio Manager Matt Sallee discusses:
- Unexpected news from the Fed meeting on inflation
- Two recent legal battles that point to energy as the winner
- Why we think regulating emissions too harshly could be detrimental to the environment long term and why we strongly believe in engagement over divestment
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In this week’s energy podcast, Senior Portfolio Manager Brian Kessens discusses:
- Oil prices closed at a 2-year high as road traffic picks up in the U.S. and Europe
- Non-core asset sales from midstream companies indicate that natural gas will be a critical source of energy over the long-term
- Canadian and U.S. energy companies announce programs to reduce greenhouse emissions
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In this week’s energy podcast, Senior Portfolio Manager Quinn Kiley discusses:
- The economic recovery continues as job creation and Memorial Day driving numbers exceed expectations
- Merger & acquisition activity this week points to the fact that traditional energy companies will play a leading role in the energy transition
- Oil inventories remain below the five-year average
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In this week’s energy podcast, Senior Portfolio Manager James Mick discusses:
- Oil markets remained positive in anticipation of what could be a record summer driving season
- Pros and cons of the Cimarex / Cabot Oil and Gas merger
- Details on the Shell lawsuit ruling and possible courses of action for the company
- ExxonMobil shareholders voted to put at least two new activist members on their board to prepare for the energy transition
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In this week’s energy podcast, Senior Portfolio Manager Rob Thummel discusses:
- Oil prices fell with the potential for an agreement with Iran that would lift all major sanctions and increase supply to the market during the second half of the year
- The Dakota Access Pipeline ruling spells out a win for pipeline owners
- Key takeaways from the Energy Infrastructure Council (EIC) Investor Conference
- The need for new technologies in order to reach the IEA’s goal of net-zero emissions by 2050
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In this week’s energy podcast, Senior Portfolio Manager Matt Sallee discusses:
- Combination of demand recovery and restrained supply draining oil storage
- How the stimulus, high savings rate and pent up demand are driving inflation
- Takeaways from the Citi energy conference and how the industry views the future of energy
- An update on the Colonial Pipeline ransomware attack
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In this week’s energy podcast, Senior Portfolio Manager Brian Kessens discusses:
- Factors driving strong performance in the broad energy and midstream energy sectors
- Earning’s season highlights and how Texas' winter storm has had lasting impacts on several midstream companies
- Details on the Colonial Pipeline ransomware cyber-attack
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In this week’s energy podcast, Senior Portfolio Manager Quinn Kiley discusses:
- Updates on the PennEast pipeline and Dakota Access Pipeline court cases
- How energy companies are tackling low hanging fruit to reduce their carbon footprints
- Earnings announcements from midstream companies indicate that markets are recovering from the pandemic
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In this week’s energy podcast, Senior Portfolio Manager James Mick discusses:
- MLPs remain positive despite a slight dip in oil prices that drove the broad energy sector lower
- ExxonMobil announces $100 billion carbon capture project
- Energy heavyweights including Kinder Morgan and Nextera announce earnings for the quarter
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In this week’s energy podcast, Senior Portfolio Manager Rob Thummel discusses:
- Oil inventories decline for the seventh consecutive month as OPEC and the IEA increase their oil demand growth estimates
- EQT and Shell announce plans to participate in the energy transition
- How the U.S. is well positioned to become a global leader in carbon capture
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In this week’s energy podcast, Senior Portfolio Manager Matt Sallee discusses:
- An update on the Dakota Access Pipeline hearing
- The latest EIA report predicting the highest gas prices since 2018 this summer
- Recent mergers and acquisitions support our theory that traditional energy resources will play an essential role in decarbonization
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In this week’s energy podcast, Senior Portfolio Manager Brian Kessens discusses:
- The recent OPEC+ meeting and their plans to slowly increase production levels
- An overview of President Biden’s infrastructure bill introduced last week and how it will affect MLPs
- Positive news for Natural Gas Liquids with the IEA projecting 70% of global liquids demand will come from NGLs through 2026
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In this week’s energy podcast, Senior Portfolio Manager Quinn Kiley discusses:
- Energy companies announce new carbon capture programs
- Updates on the Line 3 liquids pipeline court case in Minnesota
- Potential implications on oil due to the Suez Canal blockage
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In this week's energy podcast, Senior Portfolio Manager James Mick discusses:
- Why crude oil, natural gas and MLP markets fell this week
- Concerns around slow vaccine rollout in Europe compared to the U.S. and U.K.
- Navigator Energy announces new carbon capture project in partnership with Valero and Blackrock
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In this week’s energy podcast, Senior Portfolio Manager Rob Thummel discusses:
- Energy companies demonstrating commitment to shareholders by generating steady cash flows
- Key highlights from Chevron’s annual analyst day
- EIA’s short term energy outlook forecasts larger GDP growth estimates than previous month
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In this week's energy podcast, Senior Portfolio Manager Matt Sallee discusses:
- The recent OPEC decision to hold production flat and new vaccine developments boosted markets this week
- Examples of energy companies embracing ESG and investing in clean energy
- Highlights from Exxon's annual investor day
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In this week’s energy podcast, Senior Portfolio Manager Brian Kessens discusses:
- How 2020 midstream earnings measure up to expectations
- Major energy and oil companies announce energy evolution projects
- How the Texas power outages have impacted power providers and midstream companies
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In this week’s energy podcast, Senior Portfolio Manager James Mick discusses:
- Facts about Texas' grid and ERCOT not meeting the challenges of the week
- Cost benefit feasibility in establishing grid reliability
- Other quick hit news in M&A, energy transition, macroeconomic data and inflation expectations
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In this week’s energy podcast, Senior Portfolio Manager Quinn Kiley discusses:
- Announcements of new renewable projects from several major energy companies
- Fourth quarter midstream earnings announcements coming in slightly below expectations
- Oil prices responded positively to President Biden’s decision not to lift sanctions on Iran
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In this week’s energy podcast, Senior Portfolio Manager Rob Thummel discusses:
- Energy extends its lead into February as the best performing sector in the S%P 500 month-to-date
- Why Exxon is the top earner this week
- How the midstream sector is evolving to invest in energy transition and becoming more attractive to investors by offering free cash flow after dividends
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In this week’s energy podcast, Senior Portfolio Manager Matt Sallee discusses:
- Our take on the executive action taken to pause new oil and gas leases on public lands and waters
- An update on the Dakota Access Pipeline hearing
- How energy companies are becoming key players in delivering the low carbon energy of the future
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In this week's energy podcast, Senior Portfolio Manager Brian Kessens discusses:
- Kinder Morgan kicks off earnings with in-line results
- How President Biden’s executive order on the Keystone XL pipeline has affected energy companies
- Williams Companies held their first ESG day to highlight carbon capture, hydrogen and renewable natural gas
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