Coming Shale Growth a Major Threat to Oil Prices
Rapid U.S. production growth is looming.
Stephen Simko
Stephen Simko, CFA, is director of energy equity research for Morningstar.
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An MLP Giant on the Horizon
In the announced merger between Sunoco Logistics and Energy Transfer Partners, the seeming winner in this transaction is Energy Transfer Equity.
Oil Markets' Fundamentals Improving, but U.S. Shale Still Looms
Recent rig additions could weaken the recovery's strength.
Plains GP Holdings Doing Its Best to Survive
We are decreasing our fair value estimate, and caution investors to be prepared for further volatility.
Oil and Gas Price Outlook: Updating Our Near-Term Methodology for Forecasting Prices
In isolation, this will be a valuation tailwind for our coverage, but in most cases it will be modest.
BP's Dividend at Risk?
The oil giant has capacity to protect its payout, but if oil remains below $40 a barrel through 2017, it may need to dial it back, writes Morningstar’s Stephen Simko.
Our Oil Price Outlook
The stage is still set for a long-term recovery, but near-term risk is elevated.
All Is Not Lost in Midstream Meltdown
There are still operators with solid balance sheets, strong distribution coverage, and low costs of capital.
Don't Expect Kinder Dividend to Bounce Back Soon
We applaud management's efforts to focus on the balance sheet, but we are placing Kinder under review until we re-evaluate our fair value estimate.
Reducing Our Oil Price Outlook
All signs point to a brutal near term but a meaningful long-term recovery.