MLPs and Midstream: Defense Wins in a Tough Oil Tape
Today, we look at MLP and midstream performance relative to crude and other sectors of energy as oil prices have retreated. We also discuss some of the tailwinds working in midstream’s favor and...
3Q18 MLP Distribution Recap: With 3Q Cuts Behind Us, How Will Current Trends Affect Future Distributions?
While many MLPs in the AMZ and AMZI grew their distributions for 3Q18, there were five distribution cuts, including a modest cut from a variable distribution MLP and a backdoor cut.
Oil Hub Hubbub: Is Houston the New Cushing?
Energy observers have been quick to question Cushing’s relevance, given growing Permian production that largely bypasses Cushing, increasing export volumes, and new Houston crude contracts. Is Houston...
Colorado’s Proposition 112: What is it, and Why do Midstream Investors Care?
Colorado’s Proposition 112 represents yet another manifestation of headline risk that has weighed on the midstream space this year. Today, we discuss Proposition 112 and the potential implications for...
Midstream 3Q18 Preview: Key Topics for Earnings Calls
With energy and midstream earnings season around the corner, we look at key themes that will likely be topics of interest on 3Q18 calls for the midstream space.
Midstream vs. Upstream: A Tale of Two Market Reactions to Rising Capex
In the wake of the oil downturn, capital discipline has come into focus for MLPs and E&Ps. Despite this emphasis, several MLPs and E&Ps raised guidance for 2018 capital expenditures with their 2Q18...