But our valuation already accounts for deteriorating conditions.
The oil-services firm showed strength in the fourth quarter, but management is preparing to cut costs to ride out weakening market conditions, writes Morningstar’s Jason Stevens.
The rapid decline in oil prices has created significant investment opportunities, but downside risk remains in the short term.
OPEC’s decision to maintain production quotas has sent oil prices lower and created a number of good opportunities to buy quality businesses, writes Morningstar’s Jason Stevens.
We're not convinced the aggressive E&P sell-off, triggered by falling oil prices, is well-founded.
We see upside for Kinder and an exit strategy for other master limited partnerships.
We’re boosting our fair value estimate of Kinder Morgan as the firm’s new structure removes the burden of incentive distributions and will likely support 10% annual dividend growth, says Morningstar’s Jason Stevens.
The firm's consolidation deal eliminates the incentive distribution structure entirely, allowing the combined KMI to sustain more rapid dividend growth than our previous forecast.
Geopolitical tensions have sent oil higher amid a rising tide of U.S. crude.
U.S. tight oil production continues to set the pace for the industry, but the companies most levered to it are either fully valued or overvalued.
Though midstream energy's shifting fundamentals challenge Boardwalk, these same changes create opportunities for the majority of pipeline operators we cover.
A recent transaction shifts this MLP from a marginal investment vehicle into a major player in natural gas transportation.
U.S. tight oil remains front and center for investors and market observers, for good reason.
Research firm's claims don't change our opinion of this wide-moat group of companies.
Experience and expertise keep projects on time and on budget, says CFO Pat Reddy.
Macro concerns could pressure near-term outlooks--creating excellent buying opportunities for energy investors.
Headlines focus on oil, geopolitics, and $4-per-gallon gasoline. We're more focused on natural gas below $4 per mcf.
Rumbling clouds on the horizon overshadow relative strength in energy stocks.
The merger with El Paso will create value for almost all stakeholders.
The combination should facilitate more rapid growth of Kinder Morgan Energy Partners as well as provide clear upside for El Paso shareholders.
Short-term volatility has clouded the market's view of longer-term fundamentals in energy.
Following our updated oil and gas mid-cycle prices, we have several 4- and 5-star stocks to recommend this quarter.
Geopolitical events are amplifying underlying oil market tightness.
KMI's IPO provides investors with a way to invest in KMP's general partner.
MLPs had a great run this year but may still be attractive to income investors.
The new budget may tax carried interest, but we think it's a nonevent for MLPs.
A roadmap to identifying the best investments in midstream energy.
Cash in on these undervalued firms' powerful incentive structure.