Breitburn Energy Partners (BBEP) 4Q14: A Good Report; Our Thesis is on Track

BBEP Oil Wells Photo

Breitburn Energy Partners LP (BBEP) reported [Source] financial and operating results for the fourth quarter 2014 (4Q14) and full year 2014. It was a good quarter and full year especially in light of the sharp decline in crude oil and natural gas prices since mid-year 2014. The company’s management team is experienced and has navigated successfully through turbulent cyclical downturns before. They are on track to do it again; operationally it was a good report and with respect to our investment Continue Reading

Brookfield Asset Management (BAM) 2014 and 4Q Results that Didn’t Miss a Beat

Canary Wharf

Brookfield Asset Management (BAM): reported [Source] Funds from Operation (FFO), their primary measure of cash flow, was $2.2 billion for 2014 or Continue Reading

American International Group (AIG) 4Q14: A Mixed but Refreshing Report

AIG Collage

As we have seen in the past AIG’s earnings report [Source] this quarter was a mixture of good and bad news. It can be characterized as a quarter of Continue Reading

Brookfield Property Partners (BPY) 2014 Good Result with More to Come

Canary Wharf, London

Brookfield Property Partners (BPY) reported a strong first full year of operations since it was spun off delivering a total return of 20.2% to unit Continue Reading

Brookfield Infrastructure (BIP) Reports 2014 Results; Another Good Year

BIP Collage

Brookfield Infrastructure Partners (BIP) reported results [Source] for full year 2014 with a total return of 12% compared to its target total return Continue Reading

Kinder Morgan, Inc. (KMI) Reports Solid 4Q14 Results

KMI Logo

We bought Kinder Morgan Inc., in October, 2014 after they announced the consolidation merger bringing all of its publicly traded segments into one Continue Reading

Breitburn Energy Partners (BBEP) Investment Thesis:

BBEP Pumping Jacks

Breitburn Energy Partners (BBEP) is an upstream Oil & Gas company operated as a master limited partnership (MLP). They buy mature crude oil and Continue Reading

Value by George Portfolio 2014 Results

Logon Registration

Investment results for 2014 were good on an absolute and a relative basis, they are presented below. The 2014 Portfolio had a total return of Continue Reading

Brookfield Infrastructure Partners (BIP) Thesis Update

BIP Collage 062113

In 2012 we estimated Brookfield Infrastructure Partners (BIP) [Source] would be $40-46/unit (share) in a 3-5 year time frame. The investment thesis is Continue Reading

Brookfield Asset Management (BAM) 3Q14 Update: Growing Platform of Opportunity

BAM Collage

Brookfield Asset Management is a global alternative asset manager with $200 billion in Assets under Management (AUM). They own and operate real assets Continue Reading