Midstream Equities: Company Cash Payouts Inflecting, Time for Another Look
Summary: Favorable year-to-date 2019 midstream energy equity performance is reflecting improved sector appeal that, in our opinion, is being driven in part by a brightening outlook for rising midstream MLP distributions and C-Corp dividends to investors. Historically,...
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Extrapolation – When Excel Loses Touch with Oilfield Realities
Executive Summary: We believe extrapolation represents a primary flaw to investment forecasting, particularly as it relates to estimated growth in crude oil supply. Expectations based largely on extrapolation of recent years’ efficiency gains and technological...
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Energy Equities: Foreign Demand Pull – U.S. Energy Exports Driving U.S. Midstream Company Growth
At BP Capital Fund Advisors, we believe a differentiating aspect of the TwinLine MLP fund is our investment approach, which emphasizes a preference for assets that sit closer to the end user along the midstream value chain. In practical terms, volume throughput on...
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Energy Equities: Why Should an Energy Fund Include an End User Category?
At BP Capital Fund Advisors, we believe a differentiating feature of the TwinLine® Energy Fund is that it encompasses the entire energy value chain. In terms of portfolio construction, this means investing in a mix of companies involved in the upstream (exploration...
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