Investments

Reflecting on the recent passage of the Inflation Reduction Act, Dan Pickering joins CNBC’s Worldwide Exchange to discuss what the legislation will mean for the clean energy landscape and for renewable energy investors.

Investments

In light of OPEC+ agreeing to a small increase to its oil output, Dan Pickering joins CNBC Asia to share his thoughts. He predicts that this will be a drop in the bucket in the global market and that we’ll be focused instead on the economy in recession, Russia, and the stopping of the SPR inventory release in the U.S. Watch for more.

Investments

Q2 2022

As we have discussed for the past few quarters, rising rates, base effects, and far more persistent inflationary headwinds – the hangover from super stimulated monetary conditions post-COVID – are pressuring global economic activity and with it, asset prices. Unfortunately, we don’t think that we are out of the woods yet, as central banks remain behind the curve with both structural (higher long-term commodity prices, the impact of regionalizing supply chains) and cyclical (labor availability, inventory shortages) factors weighing down the outlook for growth and increasing the cost of capital. Despite the associated market volatility, several dynamics are playing out which, perhaps counterintuitively, are increasing our conviction that the next five to ten years should be extremely prospective for a select group of real assets.

Investments

Targeting $300 Million of Capital Deployment in the Permian Basin

Over the next two years, PEP Development will focus on deploying at least $300 million of equity capital alongside highly experienced public and private operating companies in the Permian Basin.

Investments

Well, that deteriorated quickly. June was a terrible month for energy stocks. While the S&P 500 was dismal at -8.4%, energy was worse with Diversified Energy dropping -17.4% (S&P 1500 Energy, S15ENRS). When parsing through the events of June, it is like watching a familiar scary movie. We’ve seen it several times, we know the twists and turns and we know the flaws in the plot. But it’s still scary…

Consulting

In March 2022, the SEC proposed rules to enhance and standardize climate-related disclosures to investors. The proposal modeled recommendations off TCFD, lending regulatory firepower to the framework. Over 2,600 organizations globally support the TCFD’s recommendations, including over 1,000 financial institutions with aggregate assets under management of $194 trillion. To understand how companies are implementing TCFD’s recommendations, Pickering Energy Partners’ ESG Consulting team (we) gathered the publicly available ESG disclosures of the 64 S&P 1500 Energy Companies. These disclosures included ESG websites, ESG reports, and TCFD reports. We leveraged natural language processing and machine learning algorithms to understand the metrics and topics disclosed and the frameworks referenced. We then layered in data relating to third-party ESG ratings and scores, accessed through Bloomberg.

Investments

In light of President Biden’s proposal to suspend the federal gas tax for 90 days, Dan Pickering joins CNBC’s Power Lunch – alongside ClearView Energy’s Kevin Book – to share his thoughts about global supply and demand and potential impacts on gasoline prices.

Investments

If it ain’t broke, don’t fix it. May 2022 was another excellent month for energy. The S&P 500 was dead flat for the month (+0.0%), while Diversified Energy added +14.8% (S&P 1500 Energy, S15ENRS). As US upstream companies and OPEC+ continue to exhibit capital/supply discipline, the macro story, both for energy and the global economy, remains the story…

Investments

As Europe and the rest of the world sanction Russia, Dan Pickering predicts that we’ll see countries like Saudi Arabia and the UAE start to step up. Watch for his take on demand destruction and the Biden Administration’s trip to Saudi Arabia on CNBC.

Investments

As the energy industry continues to see high demand and tight supply markets, at what point do we reach demand destruction? Dan Pickering shares his thoughts about natural gas prices with Kelly Evans on CNBC’s The Exchange.

Investments

April 2022 saw energy as the best house in a bad neighborhood. The story in April was the awful financial markets, the worst equity performance in years or decades depending on which index you assess. Of course, the market is reflecting the myriad of challenging macro datapoints including rising inflation and interest rates, supply chain bottlenecks, covid shutdowns in China and the ongoing Russia/Ukraine conflict.

Investments

Increased awareness of the constraints and physical realities of our collective efforts to both expand and decarbonize the world’s energy systems is a prerequisite to creating the policy and investment climate necessary for success. The next step is to move beyond spreadsheets and soapboxes and start figuring out how to capitalize responsibly sourced raw materials, infrastructure projects, and energy solutions so that economic crises do not become humanitarian ones.

Investments

The Biden Administration must balance energy security amid the war in Ukraine while lowering gas prices before midterm elections. How will their decisions impact the market this year and beyond? Watch Dan Pickering on CNBC to get his take.

Investments

The SPR release is lowering oil prices as intended, but how does the refill of these reserves affect demand in the future? Dan Pickering joins Kelly Evans on CNBC's The Exchange to discuss.

Investments

Newton’s First Law of Motion says an object in motion tends to stay in motion, unless acted on by a force. There were many forces in the energy markets during March 2022, but energy stocks clearly stayed in motion.