Midstream MLPs and C-Corps: Opportunity Knocks in a Post-Shale Paradigm Shift – Center Coast Capital – 10.4.17

Summary:

Now On Demand.

Over the last decade, the landscape of the U.S. energy market has radically shifted. U.S. producers now find themselves as the marginal global supplier of crude, and even though the price of crude remains depressed by recent standards, domestic production volumes are nearing all-time highs. Generally, midstream companies’ (both C-Corps and MLPs) primary source of cash flow is volume throughput, and as such, production increases should drive increases in cash flow, thereby increasing equity values. However, despite the positive business fundamentals, sentiment surrounding crude oil prices continues to influence midstream market behavior. When will this paradigm shift? Join our experts for this in-depth discussion that will cover:

• Background on the North American Oil & Gas Revolution
• The Need for a Paradigm Shift in a Post-Shale World
• Market and Valuation Perspectives

Speakers:

Rob has 19 years of midstream energy industry experience and has served as Senior Portfolio Manager since joining the firm during its inception in 2007. He also serves on the Investment Committee and is responsible for overseeing the MLP research, portfolio construction and ongoing portfolio management. He was named a Principal in 2010. Previously, Rob was in Morgan Keegan’s Energy Investment Banking Division and a Senior Project Advisor at Enbridge Energy Partners, LP, where he advised on over $8 billion of mergers and acquisitions within the MLP space. Rob began his career in the energy industry at Koch Industries, Inc. where he served in various roles in their Capital Market, Hydrocarbon and Midstream group. He holds an MBA from the McCombs School of Business at the University of Texas and a BBA in Finance from Texas Christian University.

Jeff Jorgensen serves on the Investment Committee, is a member of the portfolio management team, leads the Firm’s research efforts across all of its energy infrastructure investment products, oversees the Firm’s research analysts and associates, and provides recommendations on buy and sell activity. Prior to Center Coast, Mr. Jorgensen previously served as an Executive Director in UBS’ Global Natural Resources Group, advising over $10 billion of M&A and strategic transactions, $23 billion in equity transactions, and $20 billion in debt transactions. Mr. Jorgensen’s previous experience includes working as an attorney for Bracewell & Guiliani and as an associate with Morgan Stanley’s Global Energy Group. He received a J.D. from the University of Texas School of Law and a B.A. in Economics from Rice University.