Consolidation: The Time is Now
Today, Chevron (NYSE: CVX) announced they plan to acquire Anadarko Petroleum (NYSE: APC). We saw many corporate deals struck last year (Concho/RSP Permian, Diamondback/Energen, Encana/Newfield, etc.) and have expected sector consolidation to continue in 2019 as oil...Oil Equities: The Catch-Up Trade and Then Some
Oil has been on the move. Oil equities, however, not so much. Naturally, the performance of stocks and commodities can deviate at times as they are generally influenced by various idiosyncratic and sector-specific factors. Still, any sustained disconnect between oil...The Evolving Energy Business Model: A Transformational Change from “Drill-Baby-Drill” to “Show Me The Money”
Over the past decade, exploration and production companies (“producers”) have been in a land grab battle as shale oil resources (“shale oil plays”) have emerged across the United States. Starting in 2009, the Bakken Shale in North Dakota emerged, followed by several...
A New Era in Midstream Investing: Where Have All the MLPs Gone?
Did you know that $153 billion (32%)¹ of the U.S. core midstream energy market capitalization (defined in a footnote below) is no longer in a Master Limited Partnership (MLP) structure, but in a C-Corp structure? Did you know that over the next twelve months that...