First Trust North American Energy ETF News

Investors have long struggled to accurately value midstream companies. The historical performance of the Alerian MLP index suggests a disconnect between how mar

Comparing midstream with other equities, the discounted EBITDA multiples for MLPs and midstream relative to history stand in contrast to the broader market and

Companies in the infrastructure sector build and maintain major projects and systems such as roads, bridges, waterways, railways, communication networks, and electricity systems. Companies involved in

Yield spread analysis has become an inadequate standalone method for valuing midstream companies, as the industry’s emphasis on yield alone has given way to a g

The current price environment provides little incentive to bring new wells to production. With fewer new wells being drilled and completed, shale production wil

Oil price projections are a good indication of what the market is anticipating for future prices and can be useful when viewed through that lens. There are plen

Though both benefit from regulated or fee-based cash flows, broader infrastructure has outperformed energy infrastructure this year, benefiting from the defensi

March MLP performance reflected the unprecedented combination of significant and abrupt crude oil demand destruction, due to rapid efforts to contain COVID-19 g

It can be informative to look at historical MLP sell-offs to get a sense for how the space has recovered in the past. Examining the forward three-month, one-yea