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The Permian Will Never Face A Pipeline Shortage Again By Irina Slav - Apr 14, 2021, 7:00 PM CDT
Just three years ago, the Permian shale oil boom was under threat: production was growing fast, but pipeline capacity wasn’t. At one point, over one two-week period, eight of the biggest oil producers with a presence in the play shed a collective $15.6 billion in market value or over $1 billion per day as the producers rushed to ditch their backed-up crude at basement prices.
Now, three years later, there are too many pipelines in the Permian.
Almost half of oil pipelines carrying crude oil from wells in the Permian are going to be empty by the end of the year for lack of enough oil to transport, Reuters’ Devika Krishna Kumar reported this week, citing analysts and industry executives.
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Antero Midstream (NYSE:AM) currently offer double-digit yields. Before jumping in, though, you should understand the risks associated with these stocks. Let s take a closer look at each of these to find if they can continue paying their fat dividends in the years to come.
Risks relating to ownership structure
MPLX is a logistics MLP formed by refiner
Marathon Petroleum (NYSE:MPC) in 2012. Marathon Petroleum owns around 62% of MPLX s outstanding units and accounts for roughly 55% of its revenue. As its general partner, major shareholder, and top customer, Marathon Petroleum exercises significant control over MPLX s growth, which increases its risks.
Author Bio
Rekha Khandelwal, CFA, is a long-term investor with a special focus on energy stocks. Rekha holds a master s in finance and has worked as a financial consultant. When she isn t writing, she can be found traveling to a new city or country.
If you are looking to buy and hold stocks for the long term, you have a few choices. You can invest in growth stocks that usually grow their sales or earnings faster than the average rates. Though such stocks generally trade at premium valuations, they can generate market-beating returns over the long haul due to their high growth and promising prospects.
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