US Production Outlook and MLP/Midstream Implications
With netbacks for producers admittedly dismal in today’s price environment, the current outlook for US oil production is tenuous. Headlines surrounding potential state or federal government...
Insights at a Glance: Haves and Have-Nots – Profiling Recent MLP Distribution Announcements
In almost all of our conversations with investors in recent weeks, MLP distributions have been the primary topic of discussion. While MLPs have made progress with a number of improvements in recent...
Insights at a Glance: Updating MLP Yield Scenario Analysis and Midstream Insider Buying
In today’s dynamic market, research has a relatively short shelf life. Today’s piece updates two popular data points featured last week – yield scenario analysis and midstream insider buying. The...
Insights at a Glance: How MLPs Make Money by Segment
In order to appreciate the fee-based nature of midstream cash flows, it’s helpful to understand what underlying businesses drive these fees. Most people associate MLPs with pipelines, but midstream is...
Insights at a Glance: A Review of MLP Distributions During the Financial Crisis
As broader markets continue to decline and MLP yields remain elevated, trends from the 2007-09 financial crisis can provide helpful context on the stability of MLP distributions during a downturn,...
Insights at a Glance: Highlighting MLP/Midstream’s Fee-Based Exposure in Today’s Tough Tape
In addition to updated financial guidance, midstream companies have also provided more disclosure around the nature of their cash flows. Specifically, there has been increased commentary around...