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 natural gas to Europe

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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 week and positive communication to support oil prices could drive energy stock higher

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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 for tropical storms and how they could impact energy prices

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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

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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

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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, receiving nearly 70% of US record level exports

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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 per mmbtu
  • German prices are at a multiple of that at $70 per mmbtu
  • Canadian prices at a fraction of US prices, at $3 / mmbtu

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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

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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

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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

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