SL Advisors Talks Markets

In this week’s podcast, Simon Lack explains why Democrats are partly to blame for high energy prices

What’s the best shape for the yield curve? Today’s flat verging on inverted shape isn’t optimal. It suggests the market is worried that the Fed will tighten too much, causing a recession. It also makes it hard for banks to make much money extending credit, because they typically lend for longer maturities while funding themselves […]

There were few places to hide last quarter. The S&P500 was –4.6% with nine of its eleven sectors losing. Energy sparkled at +39% and Utilities were +4.8%. Bonds were even worse, with the Bloomberg Aggregate –6.2%. Close to our hearts, pipelines (as defined by the American Energy Independence Index) were +24.5%. Low yields have underpinned […]

The Administration’s planned release of 1 million barrels of oil a day from the Strategic Petroleum Reserve (SPR) is borne of their frustration with high prices. Average crude prices have been higher under Biden than Trump, even after adjusting for the collapse during Covid (not Trump’s fault) and the jump following Russia’s invasion (not Biden’s […]

Europe’s realization that it needs a strategy to ensure energy security has provided a further boost to US natural gas stocks. Last week was especially good – NextDecade (NEXT) added another customer for their proposed Rio Grande Liquefied Natural Gas (LNG) export facility. By coincidence we had just interviewed Matthew Mott, SVP of their Next […]

This week’s podcast is an interview with Michael Mott, SVP at Next Carbon Solutions, a division of NextDecade. Following our podcast taping, NextDecade announced a 20 year Liquified Natural Gas (LNG) export agreement with Guangdong Energy, a Chinese utility. NextDecade stock soared as the whole US LNG sector responded positively to increasing demand, most notably […]

In this Audio file from a recent video, Simon Lack talks about the EIA’s Annual Energy Outlook

In this week’s podcast, Simon Lack discusses the holes in Democrat energy policies

In this audio file from a recent video, Simon Lack recaps February’s blog posts.

In this week’s podcast, Simon Lack discusses the conflict between progressive climate policies and energy security