In this month's energy podcast Senior Portfolio Manager, Rob Thummel, discusses: Market Performance: S&P 500 hits an all-time high; energy and real estate lag Energy Gains: Energy stocks outperforming, infrastructure up 34% YTD Earnings Insights: Increased natural gas turbine orders driven by AI Nuclear Developments: Google and Amazon partner on Sm…

In this month's energy podcast, Matt Sallee dives into the latest trends shaping the energy sector: Strong Q3 Gains: Midstream and utilities are seeing solid performance, with rising demand for natural gas and electricity. Geopolitical Tensions: Crude oil prices are surging amid ongoing tensions between Israel and Iran. Nuclear Energy Expansion: Co…

In this month's energy podcast, Senior Portfolio Manager, Brian Kessens, provides key insights into August’s market performance, covering: Mixed results driven by declining crude oil prices Strong midstream earnings, with half of companies surpassing expectations Improved drilling and oilfield service efficiency, even with fewer rigs in operation T…

In this month's energy podcast, Senior Portfolio Manager, James Mick, discusses: July market performance: drops in crude oil and natural gas, while the S&P Energy Select Sector Index and utilities performed well Market focus shifting from inflation to unemployment, affecting interest rate expectations Midstream earnings slightly beating estimates, …

In this month's energy podcast, Senior Portfolio Manager, Rob Thummel, discusses: S&P climbing 15% and the energy sector standing out, led by strong gains in infrastructure Oil prices rising 6% in June and natural gas surging 48% amid production adjustments and demand spikes Energy infrastructure stocks showing resilience with improved fundamentals…

In this month's energy podcast, President of Tortoise, Matt Sallee, discusses: Strong May returns for energy infrastructure despite softening crude prices Resilient midstream sector with significant fund flows and stable valuations Positive macro trends with moderate CPI growth and stable forward expectations Recap of Q1 earnings, midstream perform…

In this month's energy podcast, Senior Portfolio Manager Brian Kessens discusses: Mixed energy sector performance in April after strong Q1 First quarter earnings insights Midstream sector highlights Downstream and utilities performance as refiners face margin challenges AI's role - meeting growing power demand from data centers Download Transcript…

In this month's energy podcast, Senior Portfolio Manager James Mick discusses: Performance updates Rising crude oil markets as geopolitical tensions continue to escalate Updates on M&A activity Recap on an eventful CERAweek Download TranscriptPar Tortoise Capital

In this month's energy podcast, Senior Portfolio Manager Rob Thummel discusses: Performance updates Factors affecting crude oil and natural gas prices and inventories Optimistic outlook for the energy sector endorsed by industry veterans Jim Teague and Warren Buffet Forecast for strong LNG growth Increase in M&A activity Download Transcript…

In this month's energy podcast, President of Tortoise Matt Sallee discusses: M&A activity driving MLP outperformance The expectation for strong international activity continues to be a theme for oil field services Natural gas gathering and transportation volumes continue to drive growth to feed increasing demand for exports Impact following Biden a…

In this month's energy podcast, Senior Portfolio Manager Brian Kessens discusses: Performance updates across the energy sector AI’s influence in 2023 Crude oil and natural gas production growth Challenges in the utility sector and the ongoing impact of the Inflation Reduction Act (IRA) Strategic mergers and acquisitions (M&A) Download Transcript…

In this month's energy podcast, Senior Portfolio Manager James Mick discusses: Performance updates across the board Update on Fed policy and interest rates Crude oil markets following the delayed OPEC+ November meeting Potential major geopolitical concern for oil markets centers around Venezuela and whether or not it chooses to invade neighboring G…

In this month's energy podcast, Senior Portfolio Manager Rob Thummel discusses: Updates across the energy sector Oil price fluctuation due to ongoing conflicts on the middle east The biannual release of potential supply of natural gas to the US by the Potential Gas Committee The return of the mega-merger to the energy sector Download Transcript…

In this month's energy podcast, President of Tortoise Matt Sallee discusses: Three consecutive positive quarters for energy in 2023 M&A - an important theme this year within the energy and power infrastructure sector Continued challenges in the renewable markets Download TranscriptPar Tortoise Capital

In this month's energy podcast, Senior Portfolio Manager Brian Kessens discusses: Updates on second quarter earnings Continuation of M&A activity Oil market tightening Expectations for the upcoming conference circuit- starting with Barclays Energy Conference this week Download TranscriptPar Tortoise Capital

In this month's energy podcast, Senior Portfolio Manager James Mick discusses: Performance updates across the board The Fed restarting interest rate hikes after a brief respite in June Multiple weeks of positive returns for crude oil July kicking off earnings season with several companies reporting Download Transcript…

In this month's energy podcast, Senior Portfolio Manager Rob Thummel discusses: How we believe the energy sector is poised to make a comeback in the second half of the year OPEC+ reset quotas lowering 2024 production levels Updates on ONEOK's potential acquisition of Magellan Midstream Partners Significant new contract activity in the global LNG ma…

In this month's energy podcast, Senior Portfolio Manager Matt Sallee discusses: Updates on earnings season and key themes across the board Midstream being a bright spot in Q1 energy earnings The increase in M&A activity in both upstream and midstream Push back following ONEOK acquisition of Magellan Midstream Macro concerns surrounding the debt cei…

In this month's energy podcast, Senior Portfolio Manager Brian Kessens discusses: OPEC’s decision to reduce crude oil production in attempt to gain control of prices Continued high natural gas inventories and the results Accelerated buybacks in midstream following banking crises New EPA rules targeting emission standards Expectations for the Fed’s …

In this month's energy podcast, Senior Portfolio Manager James Mick discusses: March updates across energy and oil sectors Silicon Valley Bank shutdown and its subsequent impact on energy companies and market returns OPEC’s surprising cut to crude oil production Download TranscriptPar Tortoise Capital

In this month's energy podcast, Senior Portfolio Manager Rob Thummel discusses: Commodity prices remaining low, although there are some indications of higher prices by the end of the year Key themes from earnings updates Energy companies continuing to take an all-of-the-above approach to energy transition Download Transcript…

In this timely energy podcast, Senior Portfolio Manager Rob Thummel discusses: Contributing factors to the historic fall of natural gas prices Why did they fall so quickly? Our outlook for natural gas prices in 2023? Download TranscriptPar Tortoise Capital

In this week’s energy podcast, Senior Portfolio Manager Matt Sallee discusses: Midstream outperforming the S&P in 2022 with lower volatility (beta of 0.70 to the S&P and 0.36 to crude oil) IEA forecasting record demand growth leading to tight supply putting upward pressure on oil prices Kickoff to fourth quarter earnings season Download Transcript…

In this year-end energy podcast, Senior Portfolio Managers Rob Thummel, James Mick, Brian Kessens and Matt Sallee discuss: An overview of the commodity markets and outlook for 2023 Midstream year in review and outlook View on the broader energy sector and key themes going forward Download TranscriptPar Tortoise Capital

In this week’s energy podcast, Senior Portfolio Manager Matt Sallee discusses: An interesting juxtaposition in the oil market between the bullish developments in the physical market vs the somewhat bearish futures market Updates in the LNG market including Sempra announcing partnership with ConocoPhillips for its Port Arthur export facility and New…

In this week's energy podcast, Senior Portfolio Manager Brian Kessens discusses the following topics from last week: Some clarity provided as midterm election outcomes become known, 3Q earnings come to a close and an expected 50 bps interest rate hike in December Crude oil moved lower on an increase in Covid cases in China Updates from two notable …

In this week’s energy podcast, Senior Portfolio Manager James Mick discusses: Two primary forces that drove macro news: the Fed and China Tuesday’s election not producing the expected red wave- and the market doesn’t like surprises Better-than-expected CPI results on Thursday China’s developing plan to lighten up its zero Covid policy in 2023, whic…

In this week’s energy podcast, Senior Portfolio Manager Rob Thummel discusses: In October, Alerian MLP Index outperformed the Dow Jones Industrial Average, which had its best monthly gain since January 1976 Updates on third quarter earnings season with many core infrastructure holdings reporting results last week Companies unveiling expansions to t…

In this week’s energy podcast, Senior Portfolio Manager Matt Sallee discusses: An overview of earnings results from across the value chain Excelerate Energy announced the finalization of yet another LNG contract with the German government to deliver incremental gas supplies Download TranscriptPar Tortoise Capital

In this week's energy podcast, Senior Portfolio Manager Brian Kessens discusses: Markets bounced back last week after the UK made a U-turn on fiscal policy and conjecture the Fed may be less hawkish at its early November meeting President Biden announced a 15 million barrel draw from SPR through December in an effort to keep crude oil prices lower …

In this week’s energy podcast, Senior Portfolio Manager James Mick discusses: CPI indicating potentially more rate hikes to curb inflation Why we think higher crude oil prices will not push the US into a recession Midstream energy companies continue to participate in the energy transition using existing pipeline systems to transport cleaner energy …

In this week’s energy podcast, Senior Portfolio Manager Rob Thummel discusses: Midstream energy outperformed the broad markets increasing almost 4% OPEC+ announced that it will cut production by 2 million barrels per day starting in November European countries are taking actions to reduce energy consumption over the winter due to Russia cutting nat…

In this week’s energy podcast, Senior Portfolio Manager Quinn Kiley discusses: Consensus view appears to be that the Fed’s conviction that it must increase interest rates to fight inflation will cause a recession Unfortunately Senator Manchin’s language to limit permitting time for infrastructure projects was removed from the bill OPEC+ meets this …

In this week’s energy podcast, Senior Portfolio Manager Brian Kessens discusses: Senator Manchin provided details of his Energy Independence and Security Act of 2022, which contains a host of provisions that could benefit the entire energy value chain Two more US LNG developments from Cheniere Energy and Tellurian This week includes watching out fo…

In this week’s energy podcast, Senior Portfolio Manager Matt Sallee discusses: On the bright side, the latest PPI data points to a 13% FERC tariff escalator for liquids pipelines Positive company news for Cheniere, Crestwood and NextDecade Energy is the only sector not expected to experienced negative earnings revisions for Q3 Download Transcript…

In this week’s energy podcast, Senior Portfolio Manager James Mick discusses: OPEC+ elected to cut production by 100,000 barrels per day, reversing it’s previous increase The natural gas concerns for Europe continue as Mother Nature will decide how long storage levels last Acquisition announcements from Williams Companies and EQT Download Transcrip…

In this week’s energy podcast, Senior Portfolio Manager Rob Thummel discusses: Elon Musk underscored the need for oil and gas in the short term for the multi decade transition to a sustainable economy The national average price for unleaded gasoline has declined for 81 straight days Europe gears up for the winter season by increasing LNG imports, r…

In this week’s energy podcast, Senior Portfolio Manager Brian Kessens discusses: Oil prices hinge on whether or not sanctions with Iran are removed Energy Secretary Jennifer Granholm requests US refiners curb refined product exports Natural gas prices vary greatly regionally due to scheduled maintenance among other factors: US Henry Hub prices $9 p…

In this week’s energy podcast, Senior Portfolio Manager Matt Sallee discusses: Key highlights from the Citi Energy conference Results from the tail end of Q2 earnings Phillips and Enbridge announce transaction Download TranscriptPar Tortoise Capital

In this week’s energy podcast, Senior Portfolio Manager Quinn Kiley discusses: Continuations of strong second quarter earnings reports International Energy Agency (IEA) increased outlook for petroleum demand OPEC+ lowered it’s expected growth forecast with oil responding by reversing negative price moves Download Transcript…

In this week’s energy podcast, Senior Portfolio Manager James Mick discusses: 16 midstream companies reported last week with over half raising full year guidance With oil inventories down and demand expectations in flux, oil prices dropped to pre-Ukraine invasion levels Why we think current oil prices are good for midstream companies Download Trans…

In this week’s energy podcast, Senior Portfolio Manager Rob Thummel discusses: If passed, the Act highlights broader acceptance amongst U.S. politicians of an all-of-the-above solution to decarbonization and growing interest in energy security Equity markets made a strong rebound in July with energy infrastructure outperforming the broad market Key…

In this week’s energy podcast, Senior Portfolio Manager Matt Sallee discusses: Earnings results from Kinder Morgan, Haliburton and more. Numerous agreements and partnerships announced in the LNG space An update on the Nord Stream 1 pipeline in Europe Download TranscriptPar Tortoise Capital

In this week’s energy podcast, Senior Portfolio Manager Brian Kessens discusses: A stronger US dollar and fears of softer energy demand pushed oil down 7% Bad news for energy inclusion in the Build Back Better proposal LNG contracts continue to be announced and signed Download TranscriptPar Tortoise Capital

In this week’s energy podcast, Senior Portfolio Manager Quinn Kiley discusses: Market results for the week were surprisingly mild given the volatility Why we think the recent sell-off in energy could be an attractive buying opportunity Big regulatory news as the US Supreme Court ruled in favor of several states suing the EPA over its efforts to enf…

In this week’s energy podcast, Senior Portfolio Manager James Mick discusses: A recap of the first half of 2022 from a performance standpoint Why increasing oil production may fail to lower prices Takeaways from BPs annual Statistical Review of World Energy underscore the need for more energy supply while keeping emissions to a minimum Download Tra…

In this week’s energy podcast, Senior Portfolio Manager Rob Thummel discusses: Lackluster performance leaving investors wondering if the energy sector rally has run its course LNG companies in the U.S. and Qatar partner to expand LNG export volumes and solidify the U.S. as a global leader in LNG exports A recent EIA report showing U.S. refinery cap…

In this week’s energy podcast, Senior Portfolio Manager Matt Sallee discusses: 3 factors driving recent energy underperformance Summary of key oil market reports Update on global natural gas markets Download TranscriptPar Tortoise Capital

In this week’s energy podcast, Senior Portfolio Manager Brian Kessens discusses: Energy markets continue to trade up over expected commodity price increases LNG contracts gain momentum with two new agreements Takeaways from recent energy conferences on cost increases and production growth Download Transcript…

In this week’s energy podcast, Senior Portfolio Manager Quinn Kiley discusses: How crude oil prices responded to new sanctions on Russian oil imports Updates on unemployment numbers and the possible return of Build Back Better (BBB) Kinetik Holdings makes history as the first US midstream company to issue sustainability-linked bonds Download Transc…