Jim Lucier is a Managing Director at Capital Alpha Partners, a leading Wall Street research firm providing strategic policy analysis and political forecasting. Jim leads the energy, environmental, and tax practices at Cap Alpha. Tune in to hear Jim talk to IwtB about Trump’s proposal to replace the Clean Power Plan (CPP) with the Affordable Clean Energy (ACE) rule, the Federal Energy Regulatory Commission (FERC) and its importance in the buildout of US energy infrastructure, and a conversation about Colorado’s Initiative 97 and the attempt to drastically limit fracking in the state.
Energy
Clearway Energy’s CFO Chad Plotkin joins the podcast to talk about the renewable energy business. Clearway Energy (CWEN), known previously as NRG Yield (NYLD), is one of the biggest owners of renewable energy facilities in the US. Tune in to hear Chad talk about the history of the company, the Global Infrastructure Partners (GIP) acquisition, and how CWEN’s diversified asset portfolio differentiates this yieldco from the others. It’s an extremely insightful interview, especially for investors who want to learn more about the natural deleveraging that occurs for renewable energy businesses.
Steve Fleishman is a Managing Director and Senior Analyst at Wolfe Research. Steve and his team cover the utilities, power, renewables, and midstream sectors at Wolfe Research. Steve has been Wall Street’s top-ranked utility analyst 14 times, so it’s an enormous honor to have him on the podcast! Tune in to hear Steve provide a great utility primer including a brief history of utilities, trends he and his team are following, and some of his thoughts on utility valuations today.
Steve agreed to come onto the program to give listeners of The Stock Podcast a utility primer. So, if you have an interest in utility investing, or you just like to gain an understanding of how utility investors think about the sector, this episode may be what you’re looking for.
You may recall from the Chris Sighinolfi interview that sector specialists like Steve know their industries forward and backward and Steve is a prime example of this. Steve has a reputation for being an extremely thoughtful analyst. If you listen to an earnings call with any of the big utilities, you’ll hear why. He asks questions that, in and of themselves, have a lot of meaning.
Apart from being one of the best analysts on Wall Street, Steve is one of the nicest guys I’ve met in the industry. He’s genuinely concerned about people, as well as their stock-picking performance. He was also one of a handful of Wall Street analysts that actually reached out to me after I quit my job to start this podcast. I consider myself fortunate to be able to call Steve a friend and he’s doing me and my listeners a big honor by coming onto the podcast.
Mark Harding is the CEO and CFO of Pure Cycle Corporation (PCYO). Pure Cycle owns significant water rights in Colorado and provides water and wastewater services to residential, commercial, and industrial customers. Tune in to hear Mark talk about the fascinating subject of water rights in Colorado, the outlook for Pure Cycle to grow cash flows, and the compelling investment case for PCYO stock.
Pure Cycle Corporation is developing a large residential community just east of Denver, CO. But that’s not all Pure Cycle owns – the company possesses the water rights to a large swath of land east of Denver, which will be used for the benefit of Sky Ranch, the master-planned community, but also for oil and gas development in the region.
Steve Newby is the Founder and CEO of Summit Midstream Partners (SMLP). Tune in to hear Steve discuss Summit’s operations, his view on industry fundamentals, and what Steve and his team are doing to grow the business and improve cash flow stability. It’s a great interview that highlights the disconnect between a positive outlook and a seemingly mispriced security!
Part 2 of the interview with NRG Energy‘s EVP and CFO, Kirk Andrews. The second part of the interview addresses some of the changes the company has gone through over the past several years, the Transformation Plan that was outlined in mid-2017, and Kirk’s capital allocation philosophy. Importantly, Kirk talks about the potential uses of cash over the next few years. It’s a great interview with a CFO for whom I have a ton of respect.
Kirk Andrews, EVP and CFO of NRG Energy (NRG), discusses the history of NRG and describes some of the big factors that have affected the merchant power generation industry since the turn of the century. Part 1 of the Kirk Andrews interview provides some really interesting background on the power business in general, and fascinating insights into possibly the most underappreciated subsectors in the market today.
A super educational interview with renowned Syria and Middle East expert, Professor Joshua Landis, the University of Oklahoma’s Director of Middle East Studies. Tune in to The Stock Podcast to hear Dr. Landis discuss the Trump Administration’s decision to renew sanctions against Iran, the Syrian Civil War, and the Kurdish problem in the Middle East. And, most relevant to some listeners, listen to Dr. Landis discuss the geopolitics of oil. A great podcast for anyone who would like to learn more about what’s going on in the Middle East, and some of the implications for energy markets and the geopolitics of energy. Check out Josh’s blog, Syria Comment, to learn more about what’s going on in the region.
Professor Joshua Landis is one of the most well-respected and knowledgeable Middle East experts around. Cumulatively, he’s spent years in the Middle East, in Syria and Lebanon in particular. Dr. Landis’ blog, Syria Comment, is one of the most widely read blogs on the Syrian Civil War and the Middle East as a whole. Full disclosure, Dr. Landis was a former professor of mine, so it’s a particular pleasure to have him on the program to talk about some of the most interesting developments in the Middle East, and how those developments are affecting the geopolitics of oil.
Chris Sighinolfi is a Managing Director and research analyst with Jefferies Research. Chris is one of Wall Street’s top-rated analysts covering midstream, MLPs, and natural gas services. In this episode of The Stock Podcast, Chris provides an excellent primer for the midstream/MLP sector. It’s a great interview with Chris providing a lot of context and insight into an undervalued subsector of the energy industry. If you’d like to learn about midstream space from one of the best analysts on the Street, this is the podcast to listen to.