Blog Charting Opportunity in Midstream Energy North American oil and gas production will likely be a critical input to the global growth engine, and the midstream sector underpins this growth.
DOWNLOAD CHART With the balance sheet and financing challenges that had plagued the midstream sector since 2014 now largely in the rearview mirror, we believe oil and gas master limited partnerships (MLPs) appear poised to capitalize on the North American energy renaissance. Earnings for midstream energy companies have continued to rise despite volatility in oil prices, as the chart shows, reflecting their lower correlation to oil prices, greater exposure to production volume and ability to generate predictable revenue streams from long-lived assets. With demand for oil and natural gas likely to remain robust, we believe midstream energy now offers one of the more attractive secular growth stories among all asset classes, with support from a favorable – and much improved – entry point. For more on our outlook on MLPs and midstream energy, see “Tapping Opportunity in Oil and Gas Infrastructure.” For more charts critical to understanding markets, economics and policy, visit our Smart Charts library. ACCESS NOW
Blog Fiscal Spending Could Cause a U.S. Growth Spike – Compounding Investors’ Concerns on Inflation A large fiscal package geared toward pandemic relief will likely boost U.S. growth even further in 2021, but long-term inflationary risks are still balanced.
Viewpoints Emerging Markets Asset Allocation: Investing Into the Upswing Accelerating global economic growth, abundant liquidity, and attractive relative valuations suggest strong potential returns ahead, warranting a larger allocation toward emerging markets investments.
Blog Fixed Income: Low Yields Don’t Tell the Whole Story Bonds continue to offer numerous benefits and potential for appreciation.
Blog Inflation Outlook: Relatively Range‑Bound Group CIO Dan Ivascyn discusses the factors that will likely keep inflation in check over the longer term.
In Depth Lessons From the March 2020 Market Turmoil Markets largely held up in last year’s liquidity crunch, but we believe policymakers should address a few soft spots.
Blog Oil Prices: Lower for Longer As the oil surplus builds, we expect U.S. crude oil to linger at $30-$40 per barrel for the next several months.