MLP and Energy Infrastructure Investing with Greg Reid

In this episode of Excess Returns, we speak with Greg Reid, President of Real Assets at Westwood Group Holdings and lead portfolio manager for their $2 billion energy investment team. We cover the outlook for energy and the major areas of the energy market. We discuss the future of clean energy and why traditional fuels may play a bigger role in it than renewables. We also dig deep into energy infrastructure investing and MLPs and Greg's process for selecting investments in the space and their new ETF that pairs energy investing with covered call writing to boost income.
0:00 - Introduction
01:00 - Current energy landscape and big trends
03:00 - US as the largest producer of oil and gas
05:00 - Shale revolution and its impact on the US energy industry
07:00 - Five significant areas within the energy industry
07:30 - Pipelines
09:00 - LNG (Liquefied Natural Gas)
10:00 - Gathering and Processing
12:00 - Storage
15:00 - Renewables and their limitations
18:00 - Challenges in transitioning to renewable energy sources
21:00 - Key metrics for evaluating energy companies
23:00 - Introduction to MLPs (Master Limited Partnerships)
26:00 - Attractiveness of investing in the midstream area
28:00 - Number of MLPs and their yields
29:00 - Key metrics for analyzing MLPs
31:00 - Westwood's new enhanced income strategy within an ETF wrapper
34:00 - How the covered call strategy works
38:00 - Environments where the covered call strategy performs well
40:00 - Initial success of Westwood's new ETF launch
MORE ABOUT THE WESTWOOD ENHANCED MIDSTREAM INCOME ETF
westwoodgroup.com/product/wes...
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[@karlbork6039]

Great interview.

[@ExcessReturns]

Thank you!

[@dougl867]

Great interview, really appreciate this kind of content

[@ExcessReturns]

Thank you!

[@faysdt414]

Investing is not just about making money; it's about aligning your investments with your values and making a positive impact on the world. Risk comes from not knowing what you're doing

[@MeliszaMagalyMezaEspinoza]

People dont understand that the prices of things are never going back down. This inflation is deeper than we think. Those buying groceries are well aware that the real inflation is much over 10%. The increments dont match our income, yet certain investors still earn over $365,000 in stocks and assets. Wish I could accomplish that.

[@whitefearlytales]

Very possible! especially at this moment. Profits can be made in many different ways, but such intricate transactions should only be handled by seasoned market professionals.

[@RaghuvirMohanta]

Some persons think inves'tin is all about buying stocks; I think going into the stock market without a good experience is a big risk, that's why I'm lucky to have seen someone like mr Brian C Nelson.

[@ysareyes]

Finding yourself a good broker is as same as finding a good wife, which you go less stress, you get just enough with so much little effort at things

[@icucmerc]

Brian demonstrates an excellent understanding of market trends, making well informed decisions that leads to consistent profit

[@elroy1836]

Very educational and practical. A part of my portfolio that needs to be bolstered - now I have a much better idea about how to go about that process. Thank you all.

[@ExcessReturns]

Thank you!

[@HepCatJack]

As of 2023, the average electricity rates in Quebec are around 7.59 cents (CAD) per kilowatt-hour (about 5.7 cents USD). In Texas it was 11.15¢ / kWh in Dec of 2023. Texans pay almost twice as much for their electrical power than Quebecers.

[@charleskilpatrick9704]

Is it hydropower?

[@HepCatJack]

@@charleskilpatrick9704 it's mostly hydro.

[@stiffeification]

just for comparison: most of europe pays 30 cents and above for each kwh. It's insanity

[@Matt-ru5rw]

Cause Jesus.😂😂

[@Matt-ru5rw]

Texass has a huge grid problem.

[@easterntechartists]

I would pay 2x as much not to get cancer from car pollution on daily walks in this 3rd world dump..Europe has much cleaner infrastructure because they designed more human friendly cities.

[@MichaeldeSousaCruz]

18:31 this makes no sense with the definition of inflation, which is a continuous increase in the price level.
A continuous increase in the price level happens in one of two ways:
(1) when the government agrees to pay a higher price for a good or service, or
(2) when the central bank sets a usury rate greater than 0%.
This guy is talking about an abstract cost of living adjustment, not inflation.
Words means something, right?
Words have a definition, yes?

[@HepCatJack]

At this time, unsubsidized solar power is cheaper than subsidized oil and gas.