BP Capital Fund Advisors

• Investors who own Master Limited Partnership (MLP) dedicated index ETFs or ETNs are facing a critical problem, and they may not even know it
• Since 2014, the number of midstream companies structured as MLPs has slowly and steadily decreased
• Midstream companies structured as C-Corporations (C-Corps) now account for nearly 40% of the market capitalization of the investible midstream universe
• What should investors do about it? Consider an index, and an investment product that tracks it (ticker: PYPE), that seek to identify and select the C-Corps and MLPs we believe best represent U.S. midstream energy fundamentals, agnostic of entity structure

What’s wrong with oil? Lately, that’s a question we’ve been frequently asked, especially from those who have noticed the favorable, supply side-related geopolitical factors around the world.

A Likely Inflection Point for Oil. It’s been said that, unfortunately for investors, the market doesn’t ring a bell at the bottom. Maybe not, but after crude’s 30%+ decline since October...

Over the past decade, exploration and production companies (“producers”) have been in a land grab battle as shale oil resources (“shale oil plays”) have emerged across the United States.

We believe 2019 will be a pivotal year for midstream investors. Following five years of decline in midstream company dividends and distributions, cash payouts are expected to increase in the second half of 2019, supported by a combination of generally improved corporate governance and positive industry fundamentals. Read this white paper for more...

Today, Chevron (NYSE: CVX) announced they plan to acquire Anadarko Petroleum (NYSE: APC). We saw many corporate deals struck last year (Concho/RSP Permian, Diamondback/Energen, Encana/Newfield, etc.) and have expected sector consolidation to continue in 2019 as oil prices have rebounded and companies look to benefit from strategic synergies.

What’s wrong with oil? Lately, that’s a question we’ve been frequently asked, especially from those who have noticed the favorable, supply side-related geopolitical factors around the world.

Oil has been on the move. Oil equities, however, not so much. Naturally, the performance of stocks and commodities can deviate at times as they are generally influenced by various idiosyncratic and sector-specific factors.