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
POTUS Should Have Called in Sick
For those wondering how the election will affect the energy sector, Thursday’s presidential debate offered some clarification but also added some uncertainty. Following Biden’s stuttering performance…
00:05:40 |
Sun 30 Jun 2024
Monetary Policy Is Increasing The Deficit
Last week the Congressional Budget Office (CBO) released their latest ten year budget projection. It invariably makes for depressing, if unsurprising reading. Significant deterioration in our fiscal …
00:05:44 |
Wed 26 Jun 2024
Cheniere Keeps Returning Cash
Cheniere Energy Inc (CEI) has come a long way since its founding by Charif Souki in 1996. Three decades ago the US looked likely to be an importer of Liquefied Natural Gas (LNG) as demand outgrew dwi…
00:05:11 |
Sun 23 Jun 2024
Drilling Down On AI
It says something about one company’s dominance of AI chips when a presentation on power demand growth starts with Nvidia’s revenue forecast. But that’s how John Schultz of the Advanced Data Center C…
00:05:15 |
Wed 19 Jun 2024
Serious Energy Forecasts Are Rare
The International Energy Agency (IEA) issued a report forecasting an oil glut by 2030, with 113.8 Million Barrels per Day (MMB/D) of supply capacity versus demand of only 105.4 MMB/D. They expect oil…
00:05:03 |
Sun 16 Jun 2024
The Pipeline Outlook Keeps Improving
The trend of positive assessments is continuing for the pipeline industry. Sell-side analysts are pressing the case for their favorite names. JPMorgan sees further upside for Targa Resources (TRGP) e…
00:05:10 |
Wed 12 Jun 2024
Another Inflation Omission
The inflation statistics offer a rich trove of counterintuitive methods that often inspire this blogger. It’s an important issue because voters cite inflation, for which they blame Joe Biden, as one …
00:05:37 |
Sun 09 Jun 2024
Blue State Energy Policies
Oregon is typical of many liberal states in that it is reviewing the infrastructure plans of the utilities it regulates. The concern is that too much capital will be invested in new natural gas infra…
00:05:03 |
Wed 05 Jun 2024
A Closer Look At Canada’s Newest Pipeline
I was perusing energy podcasts the other day. Disappointingly they all seemed to be about renewables – nothing about where over 80% of the world’s energy comes from today. Hopefully I started listeni…
00:05:10 |
Sun 02 Jun 2024
Picking The Top Pipeline
Which is the best pipeline company? It depends on what you’re measuring. Income-seeking investors might focus on Distributable Cash Flow (DCF) yield or distribution (dividend) yield. Dividend coverag…
00:05:29 |
Wed 29 May 2024
Revising The Gas Outlook Higher
Natural gas prices have been recovering in the US following several months below $2 per Million BTUs (MMBTU). The techniques of horizontal drilling and hydraulic fracturing (“fracking”) have enjoyed …
00:05:41 |
Sun 26 May 2024
What’s Next For NextDecade?
NextDecade (NEXT) has drawn plenty of investor questions over the past ten days. It began with their most recent 10Q, filed with the SEC on May 13th. The phrase, “... there is substantial doubt about…
00:04:59 |
Wed 22 May 2024
The Inflationary Energy Transition
Ominously for President Biden, opinion polls consistently show voters are unhappy with his economic stewardship. The surge in inflation in 2022 didn’t help, but after believing it to be transitory th…
00:05:36 |
Sun 19 May 2024
A Concentrated Bet On Renewables Stumbles
Costa Rica, a central American country of five million, has a proud history of strong environmental policies. Their electricity comes almost entirely from renewable sources. Hydro is 73%, with geothe…
00:05:40 |
Wed 15 May 2024
A Look Back At Energy Transfer
Energy Transfer (ET) is the pipeline company most often directly owned by the financial advisors we talk to. It seems perennially cheap, and that’s in part due to their controversial history of at ti…
00:06:15 |
Sun 12 May 2024
Pipeline Earnings Keep Climbing
Earnings season for midstream energy infrastructure has been wonderfully devoid of excitement for many quarters. These companies just keep churning out more cash, typically within a few percent of ex…
00:05:32 |
Wed 08 May 2024
Discussing Energy In America’s Heartland
I traveled through Indiana last week. A day and a half of meetings in and around Indianapolis were followed by a drive south for an afternoon at Churchill Downs in Kentucky. If you’re lucky enough to…
00:06:00 |
Sun 05 May 2024
Former BP Geologist On Energy
Last week my partner Henry Hoffman and I had the opportunity to chat with Peter Hill. Peter holds board seats or is on the advisory committee of several companies where he provides energy advice, inc…
00:06:13 |
Wed 01 May 2024
Gains From Energy
Last week the WSJ published an interesting chart, reproduced below. It was in an article ominously titled America’s Economy Is No. 1. That Means Trouble. The chart shows that US share of global GDP h…
00:05:23 |
Sun 28 Apr 2024
Adults Are Taking Over The Energy Transition
Progressives will maintain that the planet is on track to burn up, but realists will see an unfolding positive story. Transitioning our energy systems is incredibly expensive, slow and inflationary. …
00:05:33 |
Wed 24 Apr 2024
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