Hints and tips:
...’s decision to block acquisition (FT) TPG pushes into credit investing with $2.7bn deal for Angelo Gordon (FT) Gold miner Newmont seals $19bn deal for Australia’s Newcrest (FT) Oneok to buy Magellan Midstream...
...Our goal is to be kind of the midstream, downstream oil and gas company, in a sense....
...Independent companies such as EQT, Antero Resources, Cabot Oil & Gas and Chesapeake Energy dominate production — a point reflected in their share price performance this year....
...The ban was lifted in late-2015, however, and midstream energy built more pipeline capacity from inland shale fields to the US Gulf of Mexico coast....
...It is an affiliate of Martin Midstream Partners, a listed energy transport company. Jeff Searle, formerly of Martin, was named head of Houston trading at DRW....
...Its first public move was in EQT, a US energy group, where it lobbied the company to split its production and midstream businesses....
...BP Midstream Partners will be organised as a so-called master limited partnership, or MLP — a structure often used in the energy sector to distribute excess cash flow to investors in a way that provides...
...El Paso MLP was a master limited partnership formed by El Paso Corporation to house its midstream assets and take advantage of a potentially lower cost of capital....
...MLPs proved particularly popular in 2014, with offerings from Antero Midstream, Shell Midstream, Dominion Midstream and Rice Midstream....
...Shares in EP Energy, 46 per cent owned by Apollo, have dropped 59 per cent in the past six months, while those of Antero Resources, 79 per cent owned by Warburg Pincus, are down 41 per cent over the same...
...One such holding, EP Energy, a Texas midstream oil and gas company in which Apollo funds own a 23 per cent stake, fell from $1bn to $650m in value over the period....
...Antero Midstream Partners, a master limited partnership spun off from Antero Resources, rose 18 per cent to $29.42 in early morning trading on Wednesday after it priced shares at $25 in an upsized offering...
...More than 90 per cent of the aggregate enterprise value of MLPs comes from energy logistics companies (so-called midstream and downstream)....
...The US shale oil and gas boom is radically reshaping the global infrastructure industry as investors pour billions of dollars into building “midstream” facilities such as pipelines and storage complexes....
...The new fund plans to invest across the global energy sector, focusing on the exploration, production and midstream segments. “This is not an opportunistic move,” Sir Robert said....
...Other companies in Warburg Pincus’s portfolio of investments include Antero Resources, a pioneer in US shale gas production, and North Sea explorers Fairfield Energy and Explora Petroleum....
...The trader is particularly interested in investing in midstream assets such as warehouses, he said. Mr Lowe added that CWT had “a shortlist” of assets it was looking at....
...Renee Zenljak, executive vice-president of midstream marketing and fundamentals at Toronto-listed Encana, said one reason supplies kept climbing last year was that producers had sold output forward at higher...
...CIC has made investing in energy one of its priorities, and has invested in EIG’s funds as well as being a co-investor with it on projects ranging from a Brazilian midstream operation to a tar sands undertaking...
...Consol Energy was the best performer in the S&P 500, gaining 9 per cent to $37.17, after announcing the $193m sale of royalties on a Marcellus Shale field in Pennsylvania and West Virginia to Antero Corporation...
...Its stake in Magellan Midstream no longer gives it board representation. Co-investor Madison Dearborn will make the decisions....
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