The midstream business itself is relatively recession resistant, with “take-or-pay” provisions protecting earnings downside. Meanwhile, completing growth projects also helps offset declining earnings elsewhere.
Enterprise Products Partners (EPD) was having a basically flat year until this quarter happened. The partnership reported a miss from an unexpected quarterly weakness. This management briefly discussed during the conference
Long Player believes oil and gas is a boom-bust, cyclical industry. It takes patience, and it certainly helps to have experience. He has been focusing on this industry for years. He is a retired CPA, and holds an MBA and MA. He leads the investing group Oil & Gas Value Research. He looks for under-followed oil companies and out-of-favor midstream companies that offer compelling opportunities. The group includes an active chat room in which Oil & Gas investors discuss recent information and share ideas. Learn more.
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