The MLP and Midstream Investment Thesis

Key to the investment thesis for midstream is the expectation for growing energy supply from the US and Canada to meet rising global energy demand Connecting growing domestic energy production with local and global demand requires midstream energy infrastructure – pipelines, storage, export terminals, and processing capacity Midstream MLPs and corporations generate fees from their […]

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2019 Midstream Outlook (Alerian): Midstream Fundamentals Are Strong

Potential Catalysts Oil price improvement Generalist or new investors entering the space MLP unit buybacks (likely limited) Major private equity transaction Tailwinds Conclusion of restructurings Positive momentum from strong 2Q18 and 3Q18 results Solid guidance for 2019 Becoming more investable (IDR eliminations, self-funding equity, distributions stabilizing) Headwinds Oil price weakness Underinvestment in energy Bottom Line […]

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