The Knock-On Effects of Low Natural Gas Prices for MLPs and Midstream
With natural gas at multi-year lows and producers focused on capital discipline, slowing upstream activity can have implications for midstream growth, particularly for names involved in gas gathering...
Canada: Not Enough Pipelines, but a Lot to Like for Midstream Investing
Production cuts, government-owned pipeline projects, and wide swings in crude differentials are some of the oil story lines in Canada that we explore in today’s post. Despite macro noise, Canadian...
Have MLPs and Midstream Actually Reduced Leverage?
Reducing leverage has been a theme across midstream for some time, but have midstream MLPs and C-Corporations actually delevered? Today, we examine leverage metrics from 2016 to 2018 for the current...
PAA Investor Day Recap: What to PAAy Attention to
Bonus Post! On Tuesday, Plains All American (PAA) hosted its annual investor day in New York City. Today, we take a look at some of the major talking points of the afternoon, including the Red Oak...
MLPs: Come for the Yield, Stay for the Total Return
For MLPs, the paradigm has shifted from focusing primarily on distribution growth to more of a total-return focus, as financial flexibility, self-funding equity, and capital discipline become greater...
2019 Midstream Mid-Year Update Video
In this mid-year video update, we recap midstream’s strong start to 2019 and discuss what may be in store for this summer. Before you head out for vacation, watch this short video (only 3 minutes!)...