Tortoise Quicktake Podcasts

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   

In this week’s energy podcast, Senior Portfolio Manager Matt Sallee discusses:3 factors driving recent energy underperformanceSummary of key oil market reportsUpdate on global natural gas marketsDownload Transcript

In this week’s energy podcast, Senior Portfolio Manager Brian Kessens discusses:Energy markets continue to trade up over expected commodity price increasesLNG contracts gain momentum with two new agreementsTakeaways from recent energy conferences on cost increases and production growthDownload Transcript

In this week’s energy podcast, Senior Portfolio Manager Quinn Kiley discusses:How crude oil prices responded to new sanctions on Russian oil importsUpdates on unemployment numbers and the possible return of Build Back Better (BBB)Kinetik Holdings makes history as the first US midstream company to issue sustainability-linked bondsDownload Transcript

In this week’s energy podcast, Senior Portfolio Manager James Mick discusses:Energy surged this week with exploration and production companies leading the wayTakeaways from the latest Fed meeting minutes show the Fed may take a more flexible approach to raising ratesFactors that can drive energy stocks higher including the need for energy security, low inventories and high free cash flowDownload Transcript

In this week’s energy podcast, Senior Portfolio Manager Rob Thummel discusses:Announcements from major energy companies focused on increasing supply to tame inflation and enhance global energy securityA summary of Merger & Acquisition activity last weekUpdates on newly announced carbon capture projects and the opening of a new battery recycling facilityDownload Transcript

In this week’s energy podcast, Senior Portfolio Manager Matt Sallee discusses:Why energy is doing relatively well in a market where most are seeing earnings power erodeEarnings results and outlook from two Waste to Energy companiesNew LNG developments from Exxon and New FortressDownload Transcript

In this week’s energy podcast, Senior Portfolio Manager Brian Kessens discusses:The recent surge in energy markets led by crude oil and natural gasReports from earnings season show companies are prioritizing distributions and dividend growthDetails on a new energy transition partnership between EnLink and Occidental PetroleumDownload Transcript

In this week’s energy podcast, Senior Portfolio Manager Quinn Kiley discusses:Dramatic volatility occurring across all markets driven by concerns over China’s zero-COVID policy lockdowns, shrinking U.S. GDP and a hawkish federal reserveOil majors ExxonMobil and Chevron both reported earnings slightly below expectationsDistribution and dividend increases announced by multiple midstream companiesDownload Transcript

In this week’s energy podcast, Senior Portfolio Manager James Mick discusses:How Federal Reserve Chairman Powell’s comments on reducing inflation have affected energy and other equity marketsOil price forecasts boosted by news that Russian oil production is falling at much greater levels than anticipatedThemes from the start of earnings season focused on the supply/demand imbalance leading to strong commodity pricesDownload Transcript

As 1Q earnings season kicks off, the energy sector is expected to deliver rising earnings and higher cash flow some of which will be returned to investors via dividend increases.High commodity prices are partially linked to low domestic as well as global inventories.  The chart below highlights U.S. inventory levels for coal, natural gas, and oil as a percentage of normal for this time of year.Producer price index (PPI) numbers were released for March 2022 indicating an annual increase in PPI of 11%.  Pipeline transportation rates for regulated liquids oil and refined product pipelines can be increased by 8.7%  in July of 2022 related to the PPI increase in 2021.Download Transcript

In this week's energy podcast, Senior Portfolio Manager Matt Sallee discusses:Key takeaways from the House hearing on high energy prices featuring Exxon, Chevron and BPWeekly Department of Energy (DOE) report shows signs of oil price reliefNew LNG projects in Asia underscore the need for US natural gas over the next several yearsDownload Transcript

In this week’s energy podcast, Senior Portfolio Manager Brian Kessens discusses:Price forecasts following an announcement of a release from the Strategic Petroleum Reserve (SPR)Announcements around new LNG construction and contracting show the US will play an outsized role in the EU’s pivot away from Russian natural gasTakeaways from Magellan Midstream's analyst day which emphasized their stable, low risk assetsDownload Transcript

In this week’s energy podcast, Senior Portfolio Manager Quinn Kiley discusses:Capital events markets shine a light on the importance of energy supplyThe U.S. agrees to provide additional natural gas supplies to Europe in an effort to wean Europe off of Russian energyNew deals announced by Occidental Petroleum and Delta Airlines aimed at reducing emissionsDownload Transcript

In this week’s energy podcast, Senior Portfolio Manager James Mick discusses:Both bearish and bullish views of the marketWeighing supply and demand predictions and their effect on oil pricesTwo major company announcements demonstrate the continued trend of consolidation within midstreamDownload Transcript

In this week’s energy podcast, Senior Portfolio Manager Rob Thummel discusses:How Russia fits into the global energy mix now and going forwardOur ideas for a long-term global solution to increase productionRecently announced Liquid Natural Gas (LNG) projects aimed at reducing emissionsDownload Transcript

In this week’s energy podcast, Senior Portfolio Manager Matt Sallee discusses:The International Energy Agency (IEA) announcing a coordinated 60 million barrel release to combat rising energy pricesKey takeaways from in-person conferences hosted by Credit Suisse and Morgan Stanley including a focus on expanding our supply of energy to the rest of the worldPositive aspects stemming from the recently announced joint venture between Pembina and KKRDownload Transcript

In this week’s energy podcast, Senior Portfolio Manager Brian Kessens discusses:Challenges presented by the Russia-Ukraine war and what it could mean for energy marketsKey takeaways from earnings announcements from upstream and midstream companies include dividend and distribution growthBiden administration considering another Strategic Petroleum Reserve (SPR) release to alleviate high oil pricesDownload Transcript

In this week’s energy podcast, Senior Portfolio Manager Quinn Kiley discusses:How rising tensions between Russia and Ukraine have affected global marketsJet fuel demand makes a comeback as air travel reaches close to 2019 levelsEarnings announcements illustrate that investing in energy transition and returning cash to shareholders remain top prioritiesDownload Transcript

In this week’s energy podcast, Senior Portfolio Manager James Mick discusses:Escalation of Russia-Ukraine conflict and the impact to commoditiesPredictions for crude oil prices in 2022 driven by OPEC’s inability to hit monthly quotasNew natural gas and energy transition projects announced by major energy companiesDownload Transcript