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Simon Lack Profile
Simon Lack

@SimonLack

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Managing Partner at SL Advisors, where we invest in energy infrastructure, and write about it. Retweets & links are not endorsements. Devoted Arsenal fan.

Joined June 2009
Don't wanna be here? Send us removal request.
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@SimonLack
Simon Lack
1 year
Learn more about SL Advisors
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@SimonLack
Simon Lack
3 years
ARKK’s Investors Have In Aggregate Lost Money $ARKK
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@SimonLack
Simon Lack
7 months
In 1982 to my eternal good fortune David Buik ( @truemagic68 ) convinced his NY office to take on a young man starting out in Finance. David continues to pursue an illustrious career, representing every positive attribute of London's financial markets. We enjoyed a most convivial
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@SimonLack
Simon Lack
5 years
I just learned today that Lockheed Martin has been in the Dow Jones Sustainability index for seven years. I love how flexible those ESG definitions are. If building weapons has virtue, pipelines are truly divine. $LMT
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@SimonLack
Simon Lack
2 years
Absolute idiot
@JavierBlas
Javier Blas
2 years
“Exxon made more money than God this year,” says President Joe Biden in response to a question about rising retail gasoline prices (I’m lost for words) #OOTT
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@SimonLack
Simon Lack
2 years
Great fun chatting with @Downtown and @michaelbatnick on their show yesterday.
@TheCompoundNews
The Compound
2 years
Episode 50 of TCAF is out now on all podcast platforms! This week, @Downtown and @michaelbatnick are joined by @SimonLack !!! Apple: Spotify: Google: Go listen🎙️⏯️
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@SimonLack
Simon Lack
5 years
Blackstone and Tallgrass Further Discredit the MLP Model "It shouldn’t be the case that the asset managers who invest in companies like TGE adhere to higher ethical standards than the companies do themselves"
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@SimonLack
Simon Lack
5 years
Why is the US military protecting Saudi Arabia when they're destroying our energy sector? @realDonaldTrump
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@SimonLack
Simon Lack
5 years
@KenCaldeira This just doesn't seem credible, otherwise we'd use the heat produced from the CO2 as a source of energy.
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@SimonLack
Simon Lack
4 years
America is absurdly supplied with citizens whose professed passion for climate science is not matched by a desire to know anything about it, writes @HolmanJenkins via @WSJ
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@SimonLack
Simon Lack
2 years
This is ridiculous. Germany’s expensive investments in wind left them exposed and caused their current mess.
@BloombergNRG
Bloomberg Energy
2 years
Germany is at risk of wasting billions of euros on boosting liquefied natural gas imports instead of moving toward sustainable alternatives like energy efficiency, according to a new report
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@SimonLack
Simon Lack
6 years
This is a useful interview with $WMB CEO Alan Armstrong by @Allison_Good1 . "I don't recall a time in my years in executive management when the business has been this healthy but the equity markets so poorly reflecting that." #investing #markets
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@SimonLack
Simon Lack
6 years
MLP Humor -- A Target Rich Environment @mr_skilling @MLPguy
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@SimonLack
Simon Lack
5 years
For the benefit of those with whom we haven’t recently chatted but are wondering why MLPs are so weak, we summarize our thoughts: When Will MLPs Recover?
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@SimonLack
Simon Lack
4 years
My wife's been teaching pre-K in person all year. Lots of precautions but no infections. Because they're not unionized. Teachers unions are a curse on society.
@VPrasadMDMPH
Vinay Prasad MD MPH
4 years
School reopening does not require testing asymptomatic kids School reopening does not require 6ft of distance School reopening does not require community transmission to be below some level School reopening does not require vaccinations Thank you for attending my TedTalk
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@SimonLack
Simon Lack
4 years
The less money they invest the happier I am, as an investor. I'm sure many feel the same. Just run the business and cut that $1.7BN growth capex in half.
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@SimonLack
Simon Lack
5 years
Colleges bear much of the responsibility for this. Tuition hikes way ahead of inflation every year and little care for earnings power of degrees that employers aren't seeking. Any debt forgiveness should involve the schools who received the tuition.
@LizAnnSonders
Liz Ann Sonders
5 years
Student loan debt’s dominance as % of total debt burden persists as per @NewYorkFed ’s most recent report … > $100 billion of student loan debt held by those > age 60 @business @Equifax
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@SimonLack
Simon Lack
2 years
Good testimony by @AlexEpstein . Coherent, logical, not thrown of course by irrelevant questions on culture.
@AlexEpstein
Alex Epstein
2 years
At yesterday's Congressional hearing on the SPR, 1) I made the case that @JoeBiden endangered our security by depleting the SPR 2) Nobody even attempted to challenge my case 3) Dem leaders instead tried, and failed, to portray me as a White Supremacist Here's every moment.
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@SimonLack
Simon Lack
5 years
Good questions from @EthanHBellamy on $TGE call today. Too few speak out on weak governance of MLPs. @mr_skilling @MLPguy @Henry_M_Hoffman
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@SimonLack
Simon Lack
2 years
How you're wasting money investing in ESG
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@SimonLack
Simon Lack
2 years
Who chooses the UN speakers? How is Harry remotely qualified for this?
@derek_brower
Derek Brower
2 years
Democracy under assault, says man able to speak to the UN because his grandmother is a queen.
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@SimonLack
Simon Lack
2 years
@EricBalchunas I agree the random tests are overdoing it at this stage. But we visited last weekend, my daughter got the email for random test and we went to Shoppers Drug Mart. Didn’t take long but the negative test result came after we’d returned to US. Waste of everyone’s time.
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@SimonLack
Simon Lack
2 years
Just buy energy stocks and use the dividends to offset higher gas prices
@ronbousso1
Ron Bousso
2 years
U.S. oil producers profiting from sky-high prices are doling out billions to shareholders and building cash reserves, a strategy irking lawmakers and voters struggling with record fuel prices while winning over Wall Street. #OOTT @LizHampton1986
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@SimonLack
Simon Lack
5 years
Energy Transfer's Weak Governance Costs Them " ...the CEOs of publicly traded partnerships are spectacularly unconstrained by the ethical standards  followed by the people who buy their stock." $ET $TGE
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@SimonLack
Simon Lack
2 years
Having gone through the energy bust of 2020, this is a pathetic response by the president.
@business
Bloomberg
2 years
Biden says "Exxon made more money than God last year,” as he once again accused oil companies of exploiting high gas prices for more profit
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@SimonLack
Simon Lack
2 years
Completely stupid
@dwberkley
dwberkley
2 years
Are you freakin’ kidding me?! Biden Energy Secretary Jennifer Granholm Supports Requiring U.S. Military to Adopt All-Electric Vehicle Fleet by 2030 #gatewaypundit via @gatewaypundit
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@SimonLack
Simon Lack
6 years
Pipeline Stocks Need a Fresh Look
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@SimonLack
Simon Lack
5 years
Looks like our criticism helped.
@MLPguy
Hinds Howard
5 years
TGE sweetener! $22.45/unit takeout
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@SimonLack
Simon Lack
5 years
Give an oilman a $, he'll drill. Give a pipeline exec a $, he'll build a pipeline. Listen to our podcast on capital discipline in midstream energy infrastructure.
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@SimonLack
Simon Lack
2 years
Democrats have improbably been great for energy investors. They’re dissuading investments in new production and infrastructure, causing higher prices. Energy Realism Is Spreading
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@SimonLack
Simon Lack
6 years
“A monkey could make money in this business right now.” Kelcy Warren, $ETP CEO, on conf call just now.
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@SimonLack
Simon Lack
5 years
Leverage Wipes Out Investor’s Bet on Enlink
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@SimonLack
Simon Lack
4 years
I'm still shocked at how much freedom we've lost, for many months now. Those in hospital are generally in a well defined demographic. If we applied restrictions to the vulnerable, the rest of us could get on with life and not wreck so many businesses.
@DanielKotzin
Daniel Kotzin
4 years
In San Francisco, it is illegal to come within 6 feet of anyone not in the same household for social reasons. Even masked. Even outside. Even masked AND outside. So, traditional sex is a crime if the lovers don’t live together. How does anyone find this to be acceptable?
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@SimonLack
Simon Lack
2 years
He’s right.
@Geiger_Capital
Geiger Capital
2 years
Jeremy Siegel of the Wharton School ripping apart Powell and the Fed… “They Know Nothing” 2.0
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@SimonLack
Simon Lack
5 years
Just awoke from a terrible nightmare that President Elizabeth Warren had just signed her fracking ban.
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@SimonLack
Simon Lack
6 years
#Pipeline #Dividends Are Heading Up $AMLP
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@SimonLack
Simon Lack
2 years
Good response to incoherent criticism from Biden
@JavierBlas
Javier Blas
2 years
ExxonMobil has a rather sensible response to President Biden's letter to the American oil refining industry. #OOTT $XOM
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@SimonLack
Simon Lack
5 years
How about in NJ? @philmurphynj New York golf courses can reopen with coronavirus restrictions via @nypostsports
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@SimonLack
Simon Lack
5 years
Tallgrass Responds to Critics, Missing the Point MLP investors now have to consider the possibility of management crafting lucrative deals for themselves, a risk typically not present with conventional corporations because of tighter governance.
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@SimonLack
Simon Lack
7 years
Why the Shale Revolution Hasn’t Yet Helped MLPs #energyindependence #investing
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@SimonLack
Simon Lack
5 years
$BPL acquisition shows that if you manage your assets badly enough someone will rescue your poor stockholders. Good to see additional capital entering sector.
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@SimonLack
Simon Lack
5 years
WHY PRIVATE EQUITY IS POURING INTO MIDSTREAM ASSETS AND WHY INVESTORS ARE NOT
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@SimonLack
Simon Lack
5 years
The Texas RRC isn't competent to regulate flaring in Texas because they approve every permit. They're diluting the great promise of #natgas as a solution to global warming. They need some oversight.
@racheladhe
Rachel Adams-Heard
5 years
A member of the Texas Railroad Commission (which obviously regulates oil and gas and not trains) defended the agency's practice of granting flaring permits and called proposals for a frack ban a "political ploy" in an interview with @adsteel
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@SimonLack
Simon Lack
2 years
This view deserves more attention
@BrianGitt
Brian Gitt
2 years
Climate policies fail because they make climate risk a higher priority than lifting people out of energy poverty. No developing country will agree to stay poor. That doesn't work. Until the world realizes this obvious fact climate policies will fail.
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@SimonLack
Simon Lack
6 years
Valuing MLPs Privately - Enterprise Products Partners $AMLP $EPD $KMI $MMP $OKE
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@SimonLack
Simon Lack
8 years
Some MLP Investors Get Taxed Twice. Why do they put up with it? … $amlp
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@SimonLack
Simon Lack
6 years
Pipelines’ New Look #investing #shale #markets $amlp $kmi $epd $ET $trp #crude
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@SimonLack
Simon Lack
2 years
Totally on point.
@TexasPipelines
Texas Pipeline Assoc
2 years
Abandoning critical #infrastructure projects, especially those related to #natgas , would only exacerbate the #energy crisis created by combination of increasing global demand, insufficient investment in traditional energy sources & geopolitical conflict."
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@SimonLack
Simon Lack
4 years
California's drive for renewables is obviously going well...
@markchediak
Mark Chediak
4 years
🚨🚨🚨California is carrying out rolling blackouts to deal with soaring electricity demand from extreme and prolonged heat via @business
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@SimonLack
Simon Lack
3 years
@rogbennett Loved your book. Moved here from Essex in 1982 aged 19, identified with much of your UK experience although my social life was a bit tamer lol. Very enjoyable, love Men in Blazers too. Keep up the good work!
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@SimonLack
Simon Lack
2 years
Terrible living in overly liberal cities
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@SimonLack
Simon Lack
5 years
MLP CEFs with their leverage, narrow focus and taxable structure are a dumb idea in today's market.
@MLPguy
Hinds Howard
5 years
The only CEF sellside research I get... But the yields and NAV discounts, I thought?
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@SimonLack
Simon Lack
2 years
Yes time for US to drop testing requirement on re-entry. Huge inconvenience. Everyone who wants the vaccine has access. Time to move on.
@ATabarrok
Alex Tabarrok
2 years
The United Kingdom has dropped ALL COVID entry requirements as has Norway, Sweden, Denmark, Switzerland and many others. The US test requirement is an expensive waste of time and effort. Time to end it. Now.
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@SimonLack
Simon Lack
6 years
Good view on pipeline secttor but poor advice to buy $AMLP which has delivered less than half its index since 2010. Readers deserve better advice. Shallow research. Sad.
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@SimonLack
Simon Lack
2 years
$400BN should require act of Congress. Why aren't universities who sold education devoid of marketable skills being charged?
@POTUS
President Biden
2 years
Folks, apply for student loan debt relief today. No forms. No special log-in. It’s available in English and Spanish – and on desktop and mobile. And it'll take you less than 5 minutes.
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@SimonLack
Simon Lack
11 months
Don’t see a problem here
@GLNoronha
Gabriel Noronha
11 months
An NYU student who tore down posters of Israeli hostages complains that she's been suspended from school, had her scholarship rescinded, and will be kicked out of campus dorms next semester.
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@SimonLack
Simon Lack
4 years
2021 Pipelines Outlook via @YouTube
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@SimonLack
Simon Lack
2 years
I don’t see how this bill is controversial.
@GovRonDeSantis
Ron DeSantis
2 years
Florida law now officially prohibits injecting sexuality and gender ideology into elementary school curriculum. In Florida, we will protect our kids and support our parents.
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@SimonLack
Simon Lack
2 years
This should be front and center of any discussion about CO2 emissions
@JamesMelville
James Melville 🚜
2 years
Annual CO2 emissions. Spot the problem. 🇨🇳
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@SimonLack
Simon Lack
3 years
This is very good news because the #EnergyTransition is unachievable without pragmatic choices like this.
@GlobalLNGnews
Global LNG News
3 years
Nuclear Power, Natural Gas Secure EU Backing as ‘Green’ Investments. #OOTT #ONGT #LNG $Tell #USLNG
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@SimonLack
Simon Lack
6 years
Yes, energy infrastructure stocks will gain investor support by showing more discipline on capital allocation. $ET buy back your stock with 16% DCF yield, best investment around. #oott
@Henry_M_Hoffman
Henry Hoffman
6 years
Excellent note from Baird this morning directed at midstream management teams. Investors are incredibly frustrated with them. #1 STOP SPENDING SO MUCH MONEY. @Kinder_Morgan @SemGroupCorp @EnergyTransfer @WilliamsUpdates
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@SimonLack
Simon Lack
5 years
The U.S. should withdraw its protection of Saudi oil facilities from Iran. No longer seems to be needed. The market could cope with a sudden loss of supply.
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@SimonLack
Simon Lack
5 years
An estimated 17,300 children younger than 15 die every day because of insufficient access to energy. The moral high ground is solidly occupied by those engaged in providing more energy to poor countries, including investors in $WMB.
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@SimonLack
Simon Lack
2 years
I think this defining your pronouns when it should be obvious to even the casual observer is a waste of everyone’s time.
@disclosetv
Disclose.tv
2 years
NOW - Kamala Harris: "I am Kamala Harris, my pronouns are she and her, and I am a woman sitting at the table wearing a blue suit."
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@SimonLack
Simon Lack
3 years
This is really terrible reporting. The IPCC summary suggests we've warmed the planet by 1 Degree above pre-industrial and another 0.5 is likely by 2030-52. Media reports like this and @nytimes make it sound like another 1.5 in next 20 years is likely.
@AlexEpstein
Alex Epstein
3 years
Urgent fact check for @Twitter : Your official "Here's what you need to know" say: "UN scientists found that temperatures on Earth will rise by about 1.5C in around two decades." No, the report predicts that in two decades there will be a *total rise of 1.5C since the 1800s*.
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@SimonLack
Simon Lack
6 years
MLPs Searching For A New Look $AMLP $DVN $ENB $EPD $KMI $MMP $OKE $PAA $WMB $LNG $CEQP $PAGP $ENLK $ENLC
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@SimonLack
Simon Lack
2 years
It’s good to have principles. And better to have alternate principles in case the first set don’t work.
@JavierBlas
Javier Blas
2 years
According to the @WSJ , the Biden administration is preparing to scale down sanctions on Venezuela’s authoritarian regime to allow Chevron to resume pumping oil there | #OOTT #Venezuela
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@SimonLack
Simon Lack
5 years
"AMLP is not a reasonable proxy for midstream exposure.  Advisors and consultants who choose that easy but poorly constructed and inefficient ETF do a disservice to their clients." Well put by @MLPguy
@MLPguy
Hinds Howard
5 years
WEEK THOUGHTS: MLPs LESS TRAVELLED...
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@SimonLack
Simon Lack
6 years
Is $AMLP the worst passive ETF in history? Since inception index 25% vs fund 4%. @MLPguy @Allison_Good1 #etfs #investing
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@SimonLack
Simon Lack
4 years
Natural Gas Is November’s Winner
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@SimonLack
Simon Lack
5 years
MLPs Weak in November, As Usual
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@SimonLack
Simon Lack
2 years
His policies have caused this.
@POTUS
President Biden
2 years
My message to the companies running gas stations and setting prices at the pump is simple: this is a time of war and global peril. Bring down the price you are charging at the pump to reflect the cost you’re paying for the product. And do it now.
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@SimonLack
Simon Lack
6 years
When $KMI brags about the visibility of future div growth, they should explain why this is more reliable than similar promises in 2014 which were followed by HUGE cut. Bit of humility needed. #investing @Kinder_Morgan
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@SimonLack
Simon Lack
5 years
A realistic assessment. Renewable energy push barely dents fossil fuel dependence via @financialtimes
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@SimonLack
Simon Lack
5 years
Nice piece by @Allison_Good1 "We think you're going to see free cash flow of around $8 billion this year versus $1 billion last year."
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@SimonLack
Simon Lack
5 years
We aren't they cutting capex to zero and buying stock?
@MLPguy
Hinds Howard
5 years
PAA distribution cut 50%, but capex for 2020 and 2021 cut 33%, 47% if you count JV projects...PAA highlights liquidity of $2.5bn and $165mm asset sale that closed 4/1... Will still yield double digits, stock should trade up #posituesday
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@SimonLack
Simon Lack
5 years
Interesting update. Russia’s unprecedented contaminated crude crisis has been spreading chaos though the European oil market for a month via @markets
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@SimonLack
Simon Lack
4 years
@shariqrtrs @mr_skilling They must use the same law firm. Doubt either company wrote that section themselves.
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@SimonLack
Simon Lack
4 years
Pipeline Cash Flows Will Still Double This Year
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@SimonLack
Simon Lack
2 years
Even After a 30% One Year Return, Pipelines Remain Cheap
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@SimonLack
Simon Lack
6 years
Nice MLP management quotes from @Allison_Good1 #investing
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@SimonLack
Simon Lack
6 years
“Save the Trees!” Unless We’re Talking Solar Farms, That Is . 6,000 acres of trees removed to build a solar farm. Is that part of the #greennewdeal ? #natgas
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@SimonLack
Simon Lack
6 years
MLP Funds Made for Uncle Sam #alerianproblem $amlp
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@SimonLack
Simon Lack
6 years
Maybe it's just that the returns aren't that good?
@Ritholtz
Barry Ritholtz
6 years
Blame declining investor risk tolerance for fewer fund launches in 2018, according to Hedge Fund Research.
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@SimonLack
Simon Lack
5 years
Seems fair enough.
@sjcasey
Simon Casey
5 years
A new bill passed by the Texas legislature would punish oil pipeline protesters who interrupt operations or damage equipment with up to 10 years in prison via @racheladhe
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@SimonLack
Simon Lack
4 years
@ritholtz With Covid. Not from. It's an important difference.
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@SimonLack
Simon Lack
2 years
Germany Pays Dearly For Failed Energy Policy
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@SimonLack
Simon Lack
2 years
This is reality meeting the energy transition
@BloombergNRG
Bloomberg Energy
2 years
South Africa is aware of the dangers of fossil fuels, “but hunger will kill us faster,” its energy minister says
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@SimonLack
Simon Lack
4 years
Many pipeline investors will be happy. Misallocated capital has long dragged returns. Less capex = more free cash flow!
@CrowleyKev
Kevin Crowley
4 years
America's anti-fossil fuel movement is having unparalleled success in blocking critical infrastructure By @racheladhe
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@SimonLack
Simon Lack
3 years
This is so true
@AlexEpstein
Alex Epstein
3 years
Skyrocketing natural gas and coal prices are not a failure of the fossil fuel industry, but the total failure of *anti-fossil fuel policies*, which falsely promised that if we dramatically restricted fossil fuel energy production, green energy could easily replace it. THREAD
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@SimonLack
Simon Lack
2 years
Dumb energy policies have restricted #natgas pipelines New England power producers are preparing for potential strain on the grid as a surge in natural-gas demand abroad threatens to reduce supplies they need to generate electricity
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@SimonLack
Simon Lack
3 years
IEA has incoherent view. Urges no new investment to support energy transition, and now urging more output. #clueless Oil demand to surpass pre-pandemic levels by end of 2022, says IEA via @financialtimes
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@SimonLack
Simon Lack
5 years
Check out our latest blog. The Virus Infecting MLPs
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@SimonLack
Simon Lack
2 years
These Are The Good Old Days
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@SimonLack
Simon Lack
6 years
$WMB and $ENB concluding MLPs no longer meet their needs. MLPs are going away, which won't hurt investors in corpoations but creates more problems for MLP-dedicated funds such as $AMLP
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@SimonLack
Simon Lack
2 years
Dems have no clue on energy policy. Completely incompetent
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@SimonLack
Simon Lack
7 months
Unfair on the majority who paid their way.
@POTUS
President Biden
7 months
Early on, I announced a plan to provide over 40 million working- and middle-class Americans with student debt relief. Republican elected officials and special interests sued us. And the Supreme Court blocked us. That didn't stop me from finding an alternative path to relief.
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