SL Advisors Talks Markets
Simon Lack and Henry Hoffman of SL Advisors consider inflation risks to investors and how to respond.
- Update frequency
- every 3 days
- Average duration
- 5 minutes
- Episodes
- 142
- Years Active
- 2024 - 2025
Why Lower Oil Prices Will Boost Natural Gas
Many years ago, when we were researching silver mining companies, I was fascinated to learn how insensitive production and consumption were to prices. Unlike gold, which is mostly held as an investme…
00:04:42 |
Sun 07 Sep 2025
The Energetic Outlook For Energy
Goldman Sachs released a report last week forecasting that Brent crude will slip into “the low $50s” by late next year. It currently trades at around $66 per barrel, down $8 from its year-end level e…
00:05:10 |
Sun 31 Aug 2025
Midstream Is Better Under Trump 2.0
Now that we’re more than six months into Trump 2.0, comparisons with Trump 1.0 are spreading. For energy investors, Trump’s first term was a huge disappointment compared with the high expectations he…
00:05:19 |
Sun 24 Aug 2025
The Legal Boost For Pipelines
Most LNG export terminals are built when three quarters or more of their liquefaction capacity has been pre-sold to customers. This ensures that the project will generate cash needed to repay its fin…
00:05:28 |
Sun 17 Aug 2025
AI, Trump And The Yield Curve
The other day I listened to an interview with the CEO of Anthropic, Dario Amodei, on an Economist magazine podcast. Anthropic is in AI safety and research. They write large language models for sector…
00:05:38 |
Sun 10 Aug 2025
Energy Transfer Helps Kinder Morgan Investors
On Wednesday Energy Transfer (ET) announced plans to extend its Transwestern Pipeline from Waha in the Permian Basin in west Texas to Phoenix. The Desert Southwest expansion project will improve the …
00:02:24 |
Thu 07 Aug 2025
Every Issue Is Linked To Trade
July was action-packed for LNG names. On July 11 Morgan Stanley raised their price target on NextDecade (NEXT) to $15, having last moved it to $10 in October 2022. The stock rose 18% to $10.77 on the…
00:04:51 |
Sun 03 Aug 2025
Trade Deals Boost LNG Stocks
European Commission president Ursula von der Leyen described the US-EU trade agreement as “huge”, demonstrating a helpful grasp of President’s Trump’s lexicon. The imposition of tariffs and the threa…
00:05:58 |
Wed 30 Jul 2025
Another Power Auction Hikes Electricity Prices
PJM Interconnection announced the results of their capacity auction last week. This is where suppliers of electricity quote prices to provide surge capacity for periods of high demand (typically hot …
00:05:04 |
Sun 27 Jul 2025
Energy Is Wall Street’s Favorite Sector
The revenue and earnings outlook for the energy sector has deteriorated this year. Alone among the S&P 500’s eleven sectors, FactSet shows declining revenues of –9.6% when companies report for the se…
00:04:57 |
Wed 23 Jul 2025
Not All Growth Projects Are Good
Kinder Morgan (KMI) kicked off pipeline earnings season last week, as they do every quarter. Their adjusted EBITDA came in a little ahead of expectations at $1.97BN vs $1.95BN. Management guidance wa…
00:05:22 |
Sun 20 Jul 2025
Next Leg Up
Morgan Stanley’s bullish report on US LNG stocks last week gave the sector a lift. The biggest impact was felt by NextDecade (NEXT), which was up 17%, bringing its market cap to $2.8BN. NEXT is still…
00:05:08 |
Wed 16 Jul 2025
Power Auctions Are Getting Interesting
Last Wednesday PJM Interconnection began their Capacity Auction. PJM runs the largest electricity grid in the US, extending from the east coast as far west as Illinois. The auction sources commitment…
00:05:34 |
Sun 13 Jul 2025
Reliable Energy Is Mainstream Again
The ending of many renewables subsidies in the One Big Beautiful Bill (OBBB) is being hailed as a win for the oil and gas industry. The WSJ wrote, The Moment the Clean-Energy Boom Ran Into ‘Drill, Ba…
00:05:26 |
Wed 09 Jul 2025
Anniversary Celebrations
Around this time of year, I’m often asked if we celebrate July 4th. Since it is the anniversary of America’s Declaration of Independence, in Britain it receives scant attention. But I often note that…
00:05:07 |
Sun 06 Jul 2025
Gas Kept Us Cool Last Week
Our power infrastructure survived last week’s heatwave, which saw the PJM Interconnect system peak at an almost twenty year high of 160,560 Megawatts on June 23. Natural gas provided 44% of generatio…
00:05:01 |
Wed 02 Jul 2025
Energy By The Numbers
The Energy Institute’s (EI) Statistical Review of World Energy provides a wonderfully detailed view of what’s actually happening, mostly untainted by any political bias. The world is using more of al…
00:05:19 |
Sun 29 Jun 2025
Coping With Heat
This is the time of year when liberal news outlets warn of irreversible climate change. We spent a couple of days in Naples, FL which was, unusually, cooler than New Jersey. The daily afternoon thund…
00:05:33 |
Wed 25 Jun 2025
LNG Keeps Growing
Conflict in the Middle East invariably leads to concern about disruption to crude supplies that pass through the Strait of Hormuz. Oil prices duly rose once Israel launched its surprise attack on Ira…
00:05:13 |
Sun 22 Jun 2025
US Midstream Is Far From Conflict
To trade the daily moves in the market is to be an armchair strategist. JPMorgan estimates the crude oil market reflects a 17% probability of a worst-case supply disruption out of the Middle East. Pr…
00:04:57 |
Wed 18 Jun 2025
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