Midstream/MLP Capex and Projects: Where’s the Growth?
A key characteristic of the energy infrastructure space in recent years has been significant capital investment to facilitate increasing US oil and gas production and exports. However, a shift in...
Pipelines vs. Power: Comparing Midstream/MLPs to Utilities
With the US 10-year Treasury rate still within striking distance of its all-time low, the search for yield has intensified for income seekers. Investors have historically turned to energy...
Previewing 2Q Midstream Earnings: COVID-19 Impacts, Distributions, & More
While the initial impacts of COVID-19 in the US first appeared at the end of 1Q20, the most severe impacts in terms of demand and oil production were squarely in 2Q20. Today’s post discusses the...
Dominion News: Buffett Buys Gas Infrastructure, ACP Cancelled
While holiday weekends are normally quiet, Dominion Energy (D) made a splash on Sunday by announcing a ~$10 billion sale of natural gas infrastructure to Berkshire Hathaway (BRK.A) and the...
US LNG Projects Better Sheltered from Market Headwinds, China Concerns
The current wave of US LNG project startups is nearing completion, adding cargoes to an already oversupplied market grappling with weakened Chinese demand. Meanwhile, the ink is just drying on a...
Private Equity Continues to Bet Big on Midstream
Private equity involvement in energy infrastructure is nothing new, but private equity funds have shown considerable interest in midstream so far this year. Today, we will examine the positives and...