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
Renewables Are An Energy Footnote
Journalists love to write about fast growing renewables. It fits the narrative that solar and wind can eventually replace our traditional sources of energy. It allows the absence of any serious push …
00:05:20 |
Sun 08 Sep 2024
Germany’s Costly Climate Leadership
Germany’s energy transition, or “Energiewende” as they call it, is causing casualties. One is the Green Party, which did so badly in recent elections that it may not be represented in Thurungia’s reg…
00:04:55 |
Wed 04 Sep 2024
Oneok’s Deal Makes Everyone Happy
Oneok (OKE) is developing a habit of surprising the market with their acquisitions. Last year’s deal with Magellan Midstream (MMP) was roundly criticized, including by us, because of few obvious syne…
00:05:14 |
Sun 01 Sep 2024
Deciding When To Sell
Investors sometimes ask us what induces us to sell a security. It’s usually because relative valuation has made one stock more attractive than another. Williams Companies (WMB) is an example. The com…
00:05:01 |
Wed 28 Aug 2024
Energy Transition Profits Are Elusive
Rivian’s R1T truck has a special storage compartment for golf clubs. Nothing else so eloquently describes the conundrum facing the auto industry. America is not an obvious market for EVs. It’s a vast…
00:05:24 |
Sun 25 Aug 2024
Energy By The Numbers
I traveled from San Diego to Portland, OR last week and enjoyed a delicious wine pairing dinner in nearby Oswego with a group of investors. Oregon is wine country, and its residents are knowledgeable…
00:05:24 |
Wed 21 Aug 2024
Long Term Energy Investors Are Happy
2Q midstream earnings have come in mostly at or ahead of expectations. Oneok had a strong quarter and are expected to raise full year EBITDA guidance in November. Targa Resources also beat analyst es…
00:05:35 |
Sun 18 Aug 2024
The Coming Fight Over Powering AI
US natural gas and its related infrastructure isn’t the only beneficiary of the AI-driven boom in power demand. Utility stocks have been rising, as investors assess growing power demand will boost ea…
00:05:39 |
Wed 14 Aug 2024
Sierra Club Shoots Itself In The Foot
Once again a liberal activist judge has succumbed to a far-left climate extremist group. On Tuesday DC Circuit Chief Judge Srinivasan, along with Circuit Judges Childs and Garcia sent parts of a prev…
00:05:14 |
Sun 11 Aug 2024
Carry Traders Get Carried Out
It looks like a big margin call started in Japan. The Japanese Yen has become a funding currency in recent years, a source of cheap financing with the proceeds reinvested in better returning assets –…
00:04:51 |
Wed 07 Aug 2024
Is Natural Gas Turning?
US natural gas is the cheapest in the world. December TTF futures on the European benchmark are $13 per Million BTUs (MMBTUs). The Asian JKM benchmark is $12.50. The US Henry Hub December futures are…
00:05:16 |
Sun 04 Aug 2024
Cash Returns Drive Performance
One casualty of the shale revolution was the MLP financing model. The General Partner (GP) would typically direct its MLP to finance assets that were “dropped down” from the GP. MLP capex and M&A mor…
00:05:27 |
Wed 31 Jul 2024
Gas Is A Growth Business
The International Energy Agency (IEA), which polishes its progressive credentials every time Executive director Fatih Birol speaks from his ivory tower, is forecasting fossil fuel use to peak within …
00:04:47 |
Sun 28 Jul 2024
Tellurian Drifts Into Stronger Hands
Tellurian finally put its investors out of their misery, selling to Woodside for $1 per share. The 75% premium to the prior day’s close is only impressive because the stock has sunk so low to this po…
00:04:42 |
Wed 24 Jul 2024
Trading On Trump
Press reports suggest President Biden will bow to the inevitable and withdraw from the election – the first time since Lyndon Johnson an eligible president has declined to run. Betting websites and f…
00:05:05 |
Sun 21 Jul 2024
Energy Racks Up Steady Outperformance
As we head into earnings season, Kinder Morgan will as usual kick off the reports from midstream energy infrastructure. The appeal of pipelines has always been their predictable earnings underpinned …
00:05:29 |
Wed 17 Jul 2024
A Gassier World
BP’s 2024 Annual Outlook continues to navigate carefully the political minefield that faces any big energy company in making projections about energy consumption. They’ve simplified their scenarios –…
00:05:16 |
Sun 14 Jul 2024
Natural Gas Demand Keeps Growing
The White House pause on LNG permits has impacted negotiations. Poten and Partners, a research firm, estimates that Sale Purchase Agreement (SPA) volumes are –15% in 1H24 versus a year ago. It’s hard…
00:05:13 |
Wed 10 Jul 2024
We Need Much Cheaper EVs
93% of car trips are less than 25 miles, according to data from the Bureau of Transportation Statistics. The problem with EVs in America is with the other 7%. That’s where the range anxiety and charg…
00:05:06 |
Sun 07 Jul 2024
Happy Independence Day!
This is the time of year when friends ask me if I’ll be celebrating July 4th, in a wry dig at the losing side of that war. As a transplanted Brit I have more to celebrate than most – I point out that…
00:04:59 |
Wed 03 Jul 2024
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