Podcasts from Tortoise
This month, Senior Portfolio Manager Matthew Sallee covers key energy market moves:Market Check: Utilities and midstream gain groundEarnings Pulse: Strong beats across power and gasGas Deals: NRG's $12B acquisition and Vistra's $1.9B dealAI Demand: Data centers fuel infrastructure optimismOPEC & Oil: Supply shifts meet geopolitical tensionNuclear Policy Shift: Executive orders aim to accelerate innovationListen in for a breakdown of what's driving energy markets now.Download Transcript
This month, Senior Portfolio Manager Brian Kessens breaks down the latest energy market developments: Market Moves: Crude drops 19% in April; midstream outperforms. Tariff Fallout: China spares key U.S. energy exports—ethane exempted. OPEC+ Impact: Supply push could drive oil to the low $50s. Earnings Pulse: Solid results, new gas projects tied to data center demand. Quick Hits: Buybacks rise, utility capex steady, LNG demand may climb.Listen in for a breakdown of the market forces reshaping energy today. Download Transcript
This month, Senior Portfolio Manager James Mick breaks down key energy market themes:Market Performance: Natural gas up 7.4%, energy stocks rise.Tariff Talk: New U.S. tariffs spark inflation concerns.Energy Strategy Shift: Reshoring boosts U.S. energy momentum.Crude Snapshot: OPEC+ supply moves and sanctions pressure oil supply.Quick Hits: Gas inventories fall, prices swing 70%, and inflation escalators in play.Listen in for a breakdown of how policy shifts and market forces are shaping the energy landscape.Download Transcript
This month, Senior Portfolio Manager Rob Thummel breaks down the latest energy market shifts:Performance: Natural gas prices surged 30%, driving sector gains despite broader market declines.AI's Energy Impact: Big Tech's projected $300B in 2025 capex, with utilities forecasting long-term growth.Capex Trends: Big Oil majors plan over $100B in 2025 capital spending.LNG Boom: U.S. LNG exports expected to nearly double, securing America's dominance in global energy markets.Quick Hits: Energy Transfer's AI data center natural gas deal, Dominion Energy's 88% surge in contracted data center capacity, and small modular nuclear reactors traction.Download Transcript
This month, Senior Portfolio Manager Matt Sallee covers key energy market updates:Market Performance: AI-fueled energy demand drives infrastructure growth.Natural Gas Expansion: Major investments from Constellation, NextEra, and Chevron signal a shift toward gas-powered generation.Kinder Morgan's Outlook: $3.3 billion in new natural gas pipeline projects, with demand forecasted to grow 30% by 2030.Energy Tariffs: Trump's executive orders impose tariffs on Canadian and Mexican imports, impacting refiners, with the situation continuing to evolve.Quick Hits: DeepSeek's AI model shakes energy markets, Meta and Microsoft reaffirm AI infrastructure spending, and Venture Global's $1.8 billion IPO signals renewed capital market activity.Download Transcript
This month, Senior Portfolio Manager Brian Kessens shares these key insights:Energy Sector Recap: AI-driven growth with midstream performance surging by 44% as measured by the Alerian Midstream Energy Index.Trump's Energy Agenda: Anticipated lighter regulations and a comprehensive energy strategyNatural Gas Demand Outlook: LNG exports, AI-powered data centers, and reshoring poised to boost demandUtilities on the Rise: Data center demand and EV adoptionQuick Hits: Record U.S. oil production, M&A moves, and midstream infrastructure investments.Download Transcript
This month, Senior Portfolio Manager James Mick covers key energy market updates:Market Performance: Strong sector gains.Trump's Energy Policy: Deregulation, LNG growth, sanctions driving oil.Natural Gas Outlook: Higher LNG exports expected to benefit producers.Energy Tariffs: Proposed tariffs could raise U.S. refining costs.Quick Hits: OPEC+ cuts, Israel-Hezbollah ceasefire, ONEOK-Enlink buyout, DOE appointment.Download Transcript
In this month's energy podcast Senior Portfolio Manager, Rob Thummel, discusses:Market Performance: S&P 500 hits an all-time high; energy and real estate lagEnergy Gains: Energy stocks outperforming, infrastructure up 34% YTDEarnings Insights: Increased natural gas turbine orders driven by AINuclear Developments: Google and Amazon partner on Small Modular ReactorsNatural Gas Investment: Evergy invests $2 billion in new plants for future electricity needsDownload Transcript
In this month's energy podcast, Matt Sallee dives into the latest trends shaping the energy sector:Strong Q3 Gains: Midstream and utilities are seeing solid performance, with rising demand for natural gas and electricity.Geopolitical Tensions: Crude oil prices are surging amid ongoing tensions between Israel and Iran.Nuclear Energy Expansion: Constellation Energy reactivates Three Mile Island Unit 1, bringing 835 MW of carbon-free energy online—backed by Microsoft.Electricity Demand Surge: AI and digital transformation are driving unprecedented electricity needs.Corporate Developments: The latest M&A activities across the sector.Download Transcript
In this month's energy podcast, Senior Portfolio Manager, Brian Kessens, provides key insights into August's market performance, covering:Mixed results driven by declining crude oil pricesStrong midstream earnings, with half of companies surpassing expectationsImproved drilling and oilfield service efficiency, even with fewer rigs in operationThe latest updates on M&A across the sectorA preview of the upcoming Barclay's Energy Conference, with a focus on capital returns, operational efficiency, and volume trendsDownload Transcript
In this month's energy podcast, Senior Portfolio Manager, James Mick, discusses:July market performance: drops in crude oil and natural gas, while the S&P Energy Select Sector Index and utilities performed wellMarket focus shifting from inflation to unemployment, affecting interest rate expectationsMidstream earnings slightly beating estimates, with strong free cash flowEnergy topics of interest: new natural gas pipeline announced, expansion of LPG export facility, and record capacity auction prices in the northeast PJM regionDownload Transcript
In this month's energy podcast, Senior Portfolio Manager, Rob Thummel, discusses:S&P climbing 15% and the energy sector standing out, led by strong gains in infrastructureOil prices rising 6% in June and natural gas surging 48% amid production adjustments and demand spikesEnergy infrastructure stocks showing resilience with improved fundamentalsOPEC+'s decision to extend production cuts and the operational launch of the Mountain Valley PipelineCheniere Energy continuing robust capital allocation strategy with 15% dividend increase and $4 billion stock buybackDownload Transcript
In this month's energy podcast, President of Tortoise, Matt Sallee, discusses:Strong May returns for energy infrastructure despite softening crude pricesResilient midstream sector with significant fund flows and stable valuationsPositive macro trends with moderate CPI growth and stable forward expectationsRecap of Q1 earnings, midstream performance, utilities growth, and consolidation activityDownload Transcript
In this month's energy podcast, Senior Portfolio Manager Brian Kessens discusses:Mixed energy sector performance in April after strong Q1First quarter earnings insightsMidstream sector highlightsDownstream and utilities performance as refiners face margin challengesAI's role - meeting growing power demand from data centersDownload Transcript
In this month's energy podcast, Senior Portfolio Manager James Mick discusses:Performance updatesRising crude oil markets as geopolitical tensions continue to escalateUpdates on M&A activityRecap on an eventful CERAweekDownload Transcript
In this month's energy podcast, Senior Portfolio Manager Rob Thummel discusses:Performance updates Factors affecting crude oil and natural gas prices and inventoriesOptimistic outlook for the energy sector endorsed by industry veterans Jim Teague and Warren BuffetForecast for strong LNG growthIncrease in M&A activityDownload Transcript
In this month's energy podcast, President of Tortoise Matt Sallee discusses:M&A activity driving MLP outperformanceThe expectation for strong international activity continues to be a theme for oil field servicesNatural gas gathering and transportation volumes continue to drive growth to feed increasing demand for exportsImpact following Biden administration's order to the Department of Energy to halt review of applications for new LNG terminalsDownload Transcript
In this month's energy podcast, Senior Portfolio Manager Brian Kessens discusses:Performance updates across the energy sectorAI's influence in 2023Crude oil and natural gas production growthChallenges in the utility sector and the ongoing impact of the Inflation Reduction Act (IRA)Strategic mergers and acquisitions (M&A)Download Transcript
In this month's energy podcast, Senior Portfolio Manager James Mick discusses:Performance updates across the boardUpdate on Fed policy and interest ratesCrude oil markets following the delayed OPEC+ November meeting Potential major geopolitical concern for oil markets centers around Venezuela and whether or not it chooses to invade neighboring GuyanaDownload Transcript
In this month's energy podcast, Senior Portfolio Manager Rob Thummel discusses:Updates across the energy sectorOil price fluctuation due to ongoing conflicts on the middle eastThe biannual release of potential supply of natural gas to the US by the Potential Gas CommitteeThe return of the mega-merger to the energy sectorDownload Transcript
In this month's energy podcast, President of Tortoise Matt Sallee discusses:Three consecutive positive quarters for energy in 2023M&A - an important theme this year within the energy and power infrastructure sectorContinued challenges in the renewable marketsDownload Transcript
In this month's energy podcast, Senior Portfolio Manager Brian Kessens discusses:Updates on second quarter earningsContinuation of M&A activityOil market tighteningExpectations for the upcoming conference circuit- starting with Barclays Energy Conference this weekDownload Transcript
In this month's energy podcast, Senior Portfolio Manager James Mick discusses:Performance updates across the boardThe Fed restarting interest rate hikes after a brief respite in JuneMultiple weeks of positive returns for crude oilJuly kicking off earnings season with several companies reportingDownload Transcript
In this month's energy podcast, Senior Portfolio Manager Rob Thummel discusses:How we believe the energy sector is poised to make a comeback in the second half of the yearOPEC+ reset quotas lowering 2024 production levelsUpdates on ONEOK's potential acquisition of Magellan Midstream PartnersSignificant new contract activity in the global LNG market as the U.S. and Qatar vie for top spot as largest global exporter of LNGDownload Transcript
In this month's energy podcast, Senior Portfolio Manager Matt Sallee discusses:Updates on earnings season and key themes across the boardMidstream being a bright spot in Q1 energy earningsThe increase in M&A activity in both upstream and midstreamPush back following ONEOK acquisition of Magellan MidstreamMacro concerns surrounding the debt ceiling legislation and looming recession potentialDownload Transcript
In this month's energy podcast, Senior Portfolio Manager Brian Kessens discusses:OPEC's decision to reduce crude oil production in attempt to gain control of pricesContinued high natural gas inventories and the resultsAccelerated buybacks in midstream following banking crisesNew EPA rules targeting emission standardsExpectations for the Fed's upcoming meeting on interest ratesDownload Transcript
In this month's energy podcast, Senior Portfolio Manager James Mick discusses:March updates across energy and oil sectorsSilicon Valley Bank shutdown and its subsequent impact on energy companies and market returnsOPEC's surprising cut to crude oil productionDownload Transcript
In this month's energy podcast, Senior Portfolio Manager Rob Thummel discusses:Commodity prices remaining low, although there are some indications of higher prices by the end of the yearKey themes from earnings updatesEnergy companies continuing to take an all-of-the-above approach to energy transitionDownload Transcript
In this timely energy podcast, Senior Portfolio Manager Rob Thummel discusses:Contributing factors to the historic fall of natural gas pricesWhy did they fall so quickly?Our outlook for natural gas prices in 2023?Download Transcript
In this week's energy podcast, Senior Portfolio Manager Matt Sallee discusses:Midstream outperforming the S&P in 2022 with lower volatility (beta of 0.70 to the S&P and 0.36 to crude oil)IEA forecasting record demand growth leading to tight supply putting upward pressure on oil pricesKickoff to fourth quarter earnings seasonDownload Transcript
In this year-end energy podcast, Senior Portfolio Managers Rob Thummel, James Mick, Brian Kessens and Matt Sallee discuss:An overview of the commodity markets and outlook for 2023Midstream year in review and outlookView on the broader energy sector and key themes going forwardDownload Transcript
In this week's energy podcast, Senior Portfolio Manager Matt Sallee discusses:An interesting juxtaposition in the oil market between the bullish developments in the physical market vs the somewhat bearish futures marketUpdates in the LNG market including Sempra announcing partnership with ConocoPhillips for its Port Arthur export facility and New Fortress finalizing agreement with PemexCompany news highlights from TC Energy and EnbridgeUpdates following OPEC's last meetingDownload Transcript
In this week's energy podcast, Senior Portfolio Manager Brian Kessens discusses the following topics from last week:Some clarity provided as midterm election outcomes become known, 3Q earnings come to a close and an expected 50 bps interest rate hike in DecemberCrude oil moved lower on an increase in Covid cases in ChinaUpdates from two notable industry conferencesDownload Transcript
In this week's energy podcast, Senior Portfolio Manager James Mick discusses:Two primary forces that drove macro news: the Fed and ChinaTuesday's election not producing the expected red wave- and the market doesn't like surprisesBetter-than-expected CPI results on ThursdayChina's developing plan to lighten up its zero Covid policy in 2023, which should be positive for energy demandDownload Transcript
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
© 2020-2025 Ivy Podcast Discovery LLC
