News for Jimmy Vallee


How to Mine for Yield with MLPs

How to Mine for Yield with MLPs

Investors OK with risk should look at master limited partnerships.

- US News & World Report
Fixed-income investors dismayed by skimpy earnings on bonds and bank savings might be wise to look further afield – maybe as far as the Permian Basin of Texas or Marcellus Shale country in Pennsylvania, where one can buy into an oil or gas processing plant, storage field or pipeline.
If that sounds like a game for just the big boys, think again.
Ordinary investors with a stomach for risk can play too, with master limited partnerships, or MLPs, a kind of fund traded in "units"...

Oil & Gas Mergers and Acquisitions Lawyer: Jimmy Vallee

Oil & Gas Mergers and Acquisitions Lawyer: Jimmy Vallee

- Interview Platform Magazine
Staff:  The title of your book, Giant Shifts suggests we’re headed for big energy-driven changes. What do you see for the oil and gas industry in the next decade?
Jimmy Vallee: We’re already in the midst of significant and fundamental shifts in the oil and gas industry.  We've recently completed one of the longest energy bull markets in a generation - the "shale revolution."  Starting in 2000 and gaining momentum coming out of the 2008 financial crisis, the...

Low oil prices produce calamity: Opposing view

Low oil prices produce calamity: Opposing view

- USA Today
Economic calamity is what to expect from a prolonged period of low oil and gas prices. In fact, it’s already happening. Job losses, corporate loan defaults, reduced investments and an end to the recent reshoring trend are all propelling the U.S. toward recession.
While conventional wisdom suggests we celebrate low oil prices as a consumer spending trigger — with spiking gas guzzler sales, more sales tax revenues, and cheap fuel for planes, trains and trucks — don’t...

Get Ready for Energy M&A Boom: Private Equity’s Next Shopping Spree

Get Ready for Energy M&A Boom: Private Equity’s Next Shopping Spree

- Oil + Gas Monitor
Let’s Go Shopping is what unprecedented numbers of energy investors are saying and their wallets are overflowing with cash. With October borrowing base redeterminations looming, many upstream and midstream companies are hanging For Sale signs on high-quality assets.
Circumstances are ripe for the next energy M&A boom based on the amount of capital raised by energy-focused private equity firms that are now poised to go bargain hunting during this current period of low commodity...

The Shale Patch Faces Reality

The Shale Patch Faces Reality

Shale producers lack the majors’ ability to remain afloat in an oil glut

- Bloomberg Business
Not long ago the oil industry looked like it had dodged a bullet. After the worst bust in a generation cut crude prices from $100 a barrel last summer to $43 in March, the oil market rallied. By June, prices were up 40 percent, passing $60 for the first time since December. Oil companies that had cut costs began planning to deploy more rigs and drill more wells. “We didn’t think we’d be quite this good,” Stephen Chazen, chief executive officer of Occidental...

Wall Street Lenders Growing Impatient With U.S. Shale Revolution

Wall Street Lenders Growing Impatient With U.S. Shale Revolution

Banks are already preparing for the next reevaluation of oil and gas credit lines, reviews which typically take place twice a year in April and October.

- Bloomberg Business
Halcon Resources Corp. almost ran into trouble with its banks in June 2013. And again in March 2014. And in February 2015.
Each time, the shale driller came close to violating debt limits set by its lenders, endangering a credit line that provided as much as $1.05 billion in much-needed cash. Each time, Halcon’s banks, led by JPMorgan Chase & Co. and Wells Fargo & Co., loosened their restrictions, allowing Halcon to keep borrowing.
That kind of patience may be coming...

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