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Woodstock, United States

Language:

English


Episodes

Upstream, Exploration & Production 4: Investing Upstream

4/4/2018
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We’re starting to witness an evolution in the upstream space. After years of habitually outspending cash flow and relying on capital market access to fund development programs, the industry appears to be focusing on cash flow neutrality—or said another way, simply matching capex to internally generated cash flow.

Duration:00:02:31

Upstream, Exploration & Production 3: The Oil Majors Move In

4/4/2018
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Rigs in the Permian and Marcellus have become four and a half times and three times, respectively, more efficient over the last five years. While tight oil and gas development was once the domain of smaller, more nimble E&Ps, the majors have certainly taken notice and made meaningful entries into a number of onshore plays, including the Permian Basin. Exxon recently announced it will spend $50 billion on capital investments in US shale–related businesses over the next five years, tripling...

Duration:00:01:49

Upstream, Exploration & Production 2: The Industry Has Matured

4/4/2018
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Over the last decade, crude oil production has nearly doubled, and natural gas production has increased by over 40%—all of this driven by shale and tight resource development. Tight oil and gas production right now accounts for over 50% of US production. As a result, the US has become the world’s top producer of oil and natural gas for the last five years. Horizontal drilling and hydraulic fracturing have also changed the industry’s cost structure. Cost structures went through another...

Duration:00:02:46

Upstream, Exploration & Production 1: The Shale Revolution

4/4/2018
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Horizontal drilling and hydraulic fracturing were first applied to gas-focused drilling in the Barnett, the Fayetteville, and Haynesville. The same technology was then applied to liquids-focused basins like the Eagle Ford, Bakken, and Permian. The Permian Basin is the focal point of development in the US. The basin encompasses two sub-basins called the Delaware and Midland Basins.

Duration:00:01:59

5G Infrastructure Series, Part 3 / How MHI Invests in 5G Today

3/16/2018
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We see 5G as a major macro tailwind and growth driver for the communications and enablers segments of the portfolio. 5G will bring greater speeds, less latency, spectrum and network efficiency, and significantly more connection density in the next couple of years. We look to invest in the network infrastructure and service providers. We also seek to invest in the “densification players” providing fiber, towers, small cells, advanced antennas, routers, and key equipment and device chipset...

Duration:00:02:59

5G Infrastructure Series / Part 1: Progression to 5G - Looking to the Future

3/16/2018
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Hello, I’m Bryan Spratt. I would like to discuss the opportunities in communications infrastructure and specifically 5G—where are we now with the 5G rollout and what to expect. We believe 5G has the potential to unleash the true power of the Internet and may radically change how business is conducted. Imagine a world of 24/7 seamless connectivity by both manned and unmanned devices (aka the Internet of things) keeping track, and monitoring everything. Think the network on steroids!

Duration:00:02:42

Income-Equity: International Vs Domestic

2/21/2018
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Being domestic or international is not as clear cut as it used to be. Many US companies have extensive foreign operations with the related currency exposures. But remember, we are bottom-up investors. We look for stocks that expect to provide our clients with high income, growth, and the financial strength to support that income and growth. Sometimes we find that in the US, sometimes in Europe, and sometimes in Asia. We're less concerned where we find the stocks that fit our criteria than...

Duration:00:01:14

Income-Equity: Energy Sector

2/21/2018
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Oil prices are notoriously difficult to forecast, but the setup going into 2018 seems good. Global demand continues to grind higher, and supply growth seems to have stabilized. An oil price in the 60s is high enough to incent drilling in the US, a positive tailwind for our midstream companies. Watch: http://www.mhinvest.com/media/mhi_income_equity_energy_sector.html

Duration:00:01:26

Income Equity International Vs Domestic

2/20/2018
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Income Equity International Vs Domestic by Miller/Howard Investments

Duration:00:01:14

Part 3: 2018 Natural Gas Outlook

2/9/2018
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There is no shortage of growth opportunities in front of natural gas.

Duration:00:09:34

Part 2: 2018 Crude Oil Outlook

2/9/2018
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Shale oil’s appeal is on the supply side, less so the demand side.

Duration:00:08:42

Part 1: 2018 Energy Outlook

2/9/2018
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Where are we now, and where are we going?

Duration:00:05:18

Tax Reform Impact On Equity Investments

1/23/2018
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Cutting the US rate to 21% will raise profitability, but the impact will be spread unevenly across firms. For a select few companies, lower tax rates could lead to higher compound growth of both earnings and dividends for many years to come.

Duration:00:04:30

Baby, It's Cold Outside

1/19/2018
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According to the EIA, US natural gas consumption totaled 151 billion cubic feet on January 1st, 2018—surpassing the previous single day record from 2014. Despite this demand shock, natural gas prices remain well below $3.00/mmbtu for most of the United States. In part due to prolific shale production, there is plenty of affordable gas, propane, and electricity for many of those that need it– unless you happen to reside in Massachusetts, New Hampshire, Rhode Island, or Connecticut.

Duration:00:05:46

Part 3 - Investor Concerns, Investor Benefits

11/13/2017
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What are current concerns? What are current and long-term benefits?

Duration:00:05:35

Part 2 - Why Infrastructure?

11/13/2017
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What are some macro growth drivers in the space?

Duration:00:20:45

Part 1 - Infrastructure

11/13/2017
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Miller/Howard's approach to listed Infrastructure.

Duration:00:11:37

ADRs and Income: When Dividend Cuts Should Not Set Off Alarms

9/14/2017
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A discussion about the impact of foreign currency movements on dividend income. As we all know, fluctuations of international currencies can directly affect your investment returns. But what about their impact on dividends that you receive?

Duration:00:09:12

Who Cares About ESG? Millenniels Do and So Should You

8/16/2017
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Millennials now outnumber baby boomers, and there are three times as many millennials than there are Generation Xers. According to some studies, over the next 30 years or so, millennials in the US are expected to inherit an estimated $6 trillion from their parents. Understandably, many private banks would like to connect with this demographic whose parents are largely their current clients.

Duration:00:10:03

How Dividend-Paying Stocks Are Like Tenants, Only Better

4/11/2017
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In real estate, investors ask, "How much income can this building produce?" In our opinion, stock market investors should too.

Duration:00:08:52

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