Michael Laitkep is an Energy Research Analyst at Alerian, which equips investors to make informed decisions about energy infrastructure and Master Limited Partnerships (MLPs). Mr. Laitkep seeks to promote understanding of the Alerian Index Series and support broader understanding of the role that midstream assets play in North American energy markets. Mr. Laitkep previously worked as an Investment Operations Associate at Capital Group in Los Angeles. Mr. Laitkep earned his B.A. in Plan II Honors and his B.B.A. in Finance from the McCombs School of Business at The University of Texas at Austin.
EPD Analyst Day Recap: Pursuing Broad Appeal in an MLP Structure
Last week, we attended the analyst day for Enterprise Products Partners (EPD) in Houston. Company management provided commentary on a wide range of issues, including the MLP vs. C-Corp debate, crude...
When Winning Isn’t Everything: Midstream Project Returns and Why They Matter More
The focus on returns is prevalent across the energy sector as investors desire capital discipline and growth backed by solid returns instead of just growth at any cost. Today, we will frame what...
4Q18 MLP Distribution Recap: 41 MLPs and Just One Cut
The majority of AMZ and AMZI constituents grew their distributions sequentially for 4Q18 with only one distribution cut.
Let it Flow: Permian Crude Heads for the Coast
With new pipeline capacity coming online in the Permian this year, the logical question is whether the bottleneck will simply move ~500 miles east to the Texas Gulf Coast. Today, we compare Permian...
Don’t Lose Interest: Rising Rates and MLP Debt
Discussions about debt and interest rates are not everyone’s cup of tea, but with interest rates rising, it’s important to understand how MLPs might be affected. In today’s post, we examine MLP debt...
Petrochemicals Provide Midstream Opportunities Downstream
Petrochemicals are poised to become the biggest driver of global oil demand as emerging economies mature over the next few decades. Some North American midstream companies are already taking advantage...