Tortoise Quicktake Podcasts

In this week’s energy podcast, Senior Portfolio Manager Rob Thummel discusses:In October, Alerian MLP Index outperformed the Dow Jones Industrial Average, which had its best monthly gain since January 1976Updates on third quarter earnings season with many core infrastructure holdings reporting results last weekCompanies unveiling expansions to the U.S. energy infrastructure network that should facilitate increasing exports of crude oil, natural gas, and natural gas liquidsImpact of a windfall profits tax suggested by President BidenDownload Transcript

In this week’s energy podcast, Senior Portfolio Manager Matt Sallee discusses:An overview of earnings results from across the value chainExcelerate Energy announced the finalization of yet another LNG contract with the German government to deliver incremental gas suppliesDownload Transcript

In this week's energy podcast, Senior Portfolio Manager Brian Kessens discusses:Markets bounced back last week after the UK made a U-turn on fiscal policy and conjecture the Fed may be less hawkish at its early November meetingPresident Biden announced a 15 million barrel draw from SPR through December in an effort to keep crude oil prices lowerUpdate on third quarter earnings seasonDownload Transcript

In this week’s energy podcast, Senior Portfolio Manager James Mick discusses:CPI indicating potentially more rate hikes to curb inflationWhy we think higher crude oil prices will not push the US into a recessionMidstream energy companies continue to participate in the energy transition using existing pipeline systems to transport cleaner energy sourcesDownload Transcript

In this week’s energy podcast, Senior Portfolio Manager Rob Thummel discusses:Midstream energy outperformed the broad markets increasing almost 4%OPEC+ announced that it will cut production by 2 million barrels per day starting in NovemberEuropean countries are taking actions to reduce energy consumption over the winter due to Russia cutting natural gas to EuropeDownload Transcript 

In this week’s energy podcast, Senior Portfolio Manager Quinn Kiley discusses:Consensus view appears to be that the Fed’s conviction that it must increase interest rates to fight inflation will cause a recessionUnfortunately Senator Manchin’s language to limit permitting time for infrastructure projects was removed from the billOPEC+ meets this week and positive communication to support oil prices could drive energy stock higherDownload Transcript

In this week’s energy podcast, Senior Portfolio Manager Brian Kessens discusses:Senator Manchin provided details of his Energy Independence and Security Act of 2022, which contains a host of provisions that could benefit the entire energy value chainTwo more US LNG developments from Cheniere Energy and TellurianThis week includes watching out for tropical storms and how they could impact energy pricesDownload Transcript

In this week’s energy podcast, Senior Portfolio Manager Matt Sallee discusses:On the bright side, the latest PPI data points to a 13% FERC tariff escalator for liquids pipelinesPositive company news for Cheniere, Crestwood and NextDecadeEnergy is the only sector not expected to experienced negative earnings revisions for Q3Download Transcript

In this week’s energy podcast, Senior Portfolio Manager James Mick discusses:OPEC+ elected to cut production by 100,000 barrels per day, reversing it’s previous increaseThe natural gas concerns for Europe continue as Mother Nature will decide how long storage levels lastAcquisition announcements from Williams Companies and EQTDownload Transcript

In this week’s energy podcast, Senior Portfolio Manager Rob Thummel discusses:Elon Musk underscored the need for oil and gas in the short term for the multi decade transition to a sustainable economyThe national average price for unleaded gasoline has declined for 81 straight daysEurope gears up for the winter season by increasing LNG imports, receiving nearly 70% of US record level exportsDownload Transcript

In this week’s energy podcast, Senior Portfolio Manager Brian Kessens discusses:Oil prices hinge on whether or not sanctions with Iran are removedEnergy Secretary Jennifer Granholm requests US refiners curb refined product exportsNatural gas prices vary greatly regionally due to scheduled maintenance among other factors:US Henry Hub prices $9 per mmbtuGerman prices are at a multiple of that at $70 per mmbtuCanadian prices at a fraction of US prices, at $3 / mmbtuDownload Transcript

In this week’s energy podcast, Senior Portfolio Manager Matt Sallee discusses:Key highlights from the Citi Energy conferenceResults from the tail end of Q2 earningsPhillips and Enbridge announce transactionDownload Transcript

In this week’s energy podcast, Senior Portfolio Manager Quinn Kiley discusses:Continuations of strong second quarter earnings reportsInternational Energy Agency (IEA) increased outlook for petroleum demandOPEC+ lowered it’s expected growth forecast with oil responding by reversing negative price movesDownload Transcript

In this week’s energy podcast, Senior Portfolio Manager James Mick discusses:16 midstream companies reported last week with over half raising full year guidanceWith oil inventories down and demand expectations in flux, oil prices dropped to pre-Ukraine invasion levelsWhy we think current oil prices are good for midstream companiesDownload Transcript 

In this week’s energy podcast, Senior Portfolio Manager Rob Thummel discusses:If passed, the Act highlights broader acceptance amongst U.S. politicians of an all-of-the-above solution to decarbonization and growing interest in energy securityEquity markets made a strong rebound in July with energy infrastructure outperforming the broad marketKey takeways from second quarter earnings season, including continued demand for U.S. LNGDownload Transcript

In this week’s energy podcast, Senior Portfolio Manager Matt Sallee discusses:Earnings results from Kinder Morgan, Haliburton and more.Numerous agreements and partnerships announced in the LNG spaceAn update on the Nord Stream 1 pipeline in EuropeDownload Transcript

In this week’s energy podcast, Senior Portfolio Manager Brian Kessens discusses:A stronger US dollar and fears of softer energy demand pushed oil down 7%Bad news for energy inclusion in the Build Back Better proposalLNG contracts continue to be announced and signedDownload Transcript 

In this week’s energy podcast, Senior Portfolio Manager Quinn Kiley discusses:Market results for the week were surprisingly mild given the volatilityWhy we think the recent sell-off in energy could be an attractive buying opportunityBig regulatory news as the US Supreme Court ruled in favor of several states suing the EPA over its efforts to enforce the Clean Power PlanDownload Transcript

In this week’s energy podcast, Senior Portfolio Manager James Mick discusses:A recap of the first half of 2022 from a performance standpointWhy increasing oil production may fail to lower pricesTakeaways from BPs annual Statistical Review of World Energy underscore the need for more energy supply while keeping emissions to a minimumDownload Transcript

In this week’s energy podcast, Senior Portfolio Manager Rob Thummel discusses:Lackluster performance leaving investors wondering if the energy sector rally has run its courseLNG companies in the U.S. and Qatar partner to expand LNG export volumes and solidify the U.S. as a global leader in LNG exportsA recent EIA report showing U.S. refinery capacity at its lowest level since 2014Download Transcript