Our Research

…How many of the below ‘thought’ transactions will get done before Year-End? We’d like to see at least four or five… Given U.S. presidential election timing dynamics, we believe end of summer is somewhat of…

This is Part II of our Deep-Dive Energy Sector M&A Series (‘The Summer of M&A’), focused on Midstream Transactions. Recall we published Part I focused on Upstream combinations yesterday (EOG Should Buy DVN. SHEL Should…

As we noted earlier today, within we provide a detailed (hypothetical) transaction-by-transaction overview of why select deals could make sense, or not. Deals that are highly accretive on paper and also carry strategic rationale are:…

Earlier this morning, NEE released an updated ~160 page slide deck outlining longer term expectations (through 2027). Mid-point EPS CAGR remained unchanged through 2027 at seven percent Adjusted mid-point EPS are – on average –…

We closed our our DO Long in the Model Portfolio earlier today on the heels of the NE for DO merger announcement. DO had been one of our best performers in the Long book since…

First of all, thank you for all the feedback on our recent comprehensive sector M&A note (link). This remains one of our most read notes with ~1,000 reads over the past five days. Recall in…

Effective immediately, we are closing our DO Long in the Model Portfolio. DO had been one of our best performers on the Long side, with a total return of ~30% since inception on January 10th….

For the news, we include a brief summary description for each headline. We only include links to news sources that do NOT require you to have a subscription to the respective site, or if they do, they are…

Model Portfolio performance versus benchmarks since inception: 1) vs. XOP (Upstream) 1.8%; 2) vs. XLE (Energy) 1.2%; 3) vs. AMNA (Infrastructure) 0.9%; 4) vs. XLU (Utilities) -1.4%; vs. SPX -5.3%. Our Model Portfolio is ahead again…

We are excited to further enhance the product offering of The Schneider Capital Group (TSCG). ***Details within including detailed regional storage forecasts for the week ending 6/7/2024*** With this report, we are rolling out our…

See within for detailed stock & sector observations. Charts best viewed on website (link below). We now include full charts (~170 corporates) for 1) Midstream & Energy Infrastructure; 2) Clean Tech/ Renewables/ Alternative Energy; 3)…

This report constitutes the most comprehensive Energy sector analysis M&A we have published, yet. We build on our prior accretion/ dilution analysis of ~73 hypothetical M&A scenarios in the 1) Upstream; 2) Midstream; and 3)…

Yesterday, the Texas Railroad Commission (RRC) released the monthly ‘Summary of Drilling Permits, Completions and Plugging Reports Processed’ for the month of May. Within we provide a detailed analysis showing: 1) sequential (vs. April 2024);…

Yesterday, the Texas Railroad Commission (RRC) released the monthly ‘Summary of Drilling Permits, Completions and Plugging Reports Processed’ for the month of May. Within we provide a detailed analysis showing: 1) sequential (vs. April 2024);…

With the end of H1 as a marker, we took a look at equity returns required to reach respective 52-week highs for ~180 issuers across various energy & utility sub-sectors. Said differently, who is trading…