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
Nothing Ventured, Nothing Gained
One source of recent volatility in midstream has come from a stock that wasn’t even listed – Venture Global (VG), the LNG exporter whose IPO priced on Thursday. The fundamentals could not be more pos…
00:05:13 |
Sun 26 Jan 2025
The Energy Story’s Trifecta
I was chatting with an investor the other day, and he remarked that there are three powerful legs to the midstream story. They are demand growth for natural gas; attractive valuation; the incoming ad…
00:05:00 |
Wed 22 Jan 2025
More Gas Demand Is Coming
Last week the Energy Information Administration (EIA) released their Short Term Energy Outlook (STEO). People are often surprised to learn that US power demand has remained the same for the past coup…
00:04:58 |
Sun 19 Jan 2025
New Energy Policies Are Here
It’s now less than a week until Donald Trump takes over in the White House. The past couple of months have caused many to wonder why there’s such a long gap between the election and the inauguration.…
00:04:46 |
Wed 15 Jan 2025
Pipeline Earnings Or Cashflow?
Wells Fargo has recently suggested that the market may start paying more attention to the P/E ratios of midstream stocks. The sector has historically been valued using Free Cash Flow or Distributable…
00:05:45 |
Sun 12 Jan 2025
Energy Policies Are Moving Right
Data center demand for natural gas was the big energy story last year. Wells Fargo referred to “a momentous year for midstream” with this as the biggest driver. It’s been consistently cited by JPMor…
00:05:21 |
Wed 08 Jan 2025
Last Year’s Favorite Blog Posts
We enjoy the feedback from our blog readers, which along with the pageviews inform future topics. Looking back over last year’s posts, natural gas growth, the challenges facing renewables and obstruc…
00:05:09 |
Sun 05 Jan 2025
Economists Having Fun With Inflation
The other day I read a tweet complaining that since 1971 household family income had increased 5.5X (from $10K to $55K) while the median cost of a new car has gone up by 12X ($4K to $48K). It’s not q…
00:05:02 |
Wed 01 Jan 2025
The 8X Energy Transition
Over the years I’ve developed a few soundbites to help investors remember why they should invest in midstream energy infrastructure. Once it became clear that climate extremists’ efforts to impede ne…
00:05:13 |
Sun 29 Dec 2024
English Christmas Traditions
Around this time of year, I’ve often indulged myself in writing about Christmas pudding (for more, watch this video). This English dessert is a rich, dark fruit cake best enjoyed heated with heavy cr…
00:04:46 |
Wed 25 Dec 2024
The Transatlantic Energy Trade
For years the center of gravity for global LNG trade was in Asia. China, India, Japan and South Korea were routinely over 60% of global LNG imports. Asia-Pacific was often over 70%, reaching a high o…
00:05:11 |
Sun 22 Dec 2024
Natural Gas Is The Solution
With forecasts for power demand growth seemingly increasing every month, it’s clear that part of the solution will be “behind the meter”, meaning new natural gas power plants directly connected to th…
00:04:50 |
Wed 18 Dec 2024
Measuring The Midstream Mood
Last week my partner Henry Hoffman attended the 23rd Annual Midstream, Energy, and Utilities Symposium, held by Wells Fargo. The mood was understandably upbeat, underpinned by strong fundamentals and…
00:06:00 |
Sun 15 Dec 2024
US Leads Natural Gas Demand And Supply
It’s clear that natural gas demand is heading higher over the next few years. It’s less certain that this will push prices higher. New LNG export terminals are going to double our volumes sent overse…
00:05:00 |
Wed 11 Dec 2024
Lemming Leadership
Sometimes this blogger stumbles across a phrase that begs to be used as the title for a blog post. Who better to be the subject of this one than the far-left climate extremists whose policies have le…
00:05:23 |
Sun 08 Dec 2024
The 21st Century Fuel: Natural Gas
In recent years as extreme views on climate have become increasingly fringe, no hydrocarbon has enjoyed more of a reassessment than natural gas. Enbridge CEO Greg Ebel talks about the “energy evoluti…
00:05:04 |
Wed 04 Dec 2024
November Was A Great Year
Like millions of families across America, on Thanksgiving we gave thanks for being with friends and family, along with “…sunny days and that we’re all together.” I added a silent appreciation that le…
00:05:12 |
Sun 01 Dec 2024
Midstream’s Goldilocks Phase
The word of the week is re-rating. Both Wells Fargo and Morgan Stanley have suggested that, notwithstanding this year’s 50%+ return in midstream energy infrastructure, further upside is possible. The…
00:05:11 |
Wed 27 Nov 2024
Pipelines Are Cheap; Stocks Are Not
Market strategists often point out that valuations aren’t a good timing tool, but it’s still worth staying on top of whether the market is cheap or not. Stocks were having a good year leading into th…
00:05:03 |
Sun 24 Nov 2024
An Energy Secretary With Relevant Experience
Sitting next to me at Newark airport on Monday while I waited to board an airplane was an FT reporter. I know this because he made a phone call to discuss the Trump appointments “on background” with …
00:05:12 |
Wed 20 Nov 2024
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