The Stock Podcast | Ceo And Cfo Interviews

Ted Seides is the host of the Capital Allocators Podcast, one of the few podcasts I try extremely hard not to miss. Capital Allocators is a phenomenal podcast where Ted talks to investors, managers, strategists, and thought leaders. He was a founder and Co-Chief Investment Officer at Protégé Partners, an alternative investment firm. Tune in to hear Ted talk about his motivations for starting a podcast, hedge funds, and hedge fund fees. If you listen to this podcast, there’s probably a good chance you listen to other investing podcasts, so you may already know Ted as the host of the Capital Allocators Podcast. In the event you don’t know about Capital Allocators, you really need to check it out. Before I started my own podcast, I listened to a lot of different investing podcasts. But once I started IwtB, my free time became limited and forced me to become a little more selective with the podcasts I listen to. But Capital Allocators and Ted Seides have consistently been a personal podcast staple! That’s because

Anhydrous ammonia isn’t well-known as an alternative source of fuel, but it’s economic and environmental attributes make it a very compelling alternative to hydrocarbons. That’s why the IwtB Podcast is extremely honored to have Norm Olson on the program to explain some important characteristics of NH3. My favorite quote from this interview really sums up how fascinating anhydrous ammonia is. “It’s kind of a miracle how well this thing works in so many different applications.” If you’re a fan of, or just interested in hydrogen, this is a great interview to listen to. Norm was the Program Manager for Biomass and Alternative Fuels at the Iowa Energy Center and the President of the NH3 Fuel Association. Norm is one of the foremost experts on anhydrous ammonia and one of the biggest champions of NH3 as an alternative energy source. The post Anhydrous Ammonia (NH3) with Norm Olson – The Stock Podcast, Ep.29 appeared first on The Stock Podcast | CEO & CFO Interviews.

Michael Rucker is the CEO and Founder of Scout Clean Energy, a private renewable energy developer. Michael is a renewable energy veteran with many years of experience developing utility-scale renewable energy facilities. Tune in to hear Michael talk about the history of Scout Clean Energy and renewable energy project development. The post Michael Rucker – CEO of Scout Clean Energy – The Stock Podcast, Ep.28 appeared first on The Stock Podcast | CEO & CFO Interviews.

Bob Frenzel is the CFO at Xcel Energy (XEL), one of the largest and greenest utilities in the US. Tune in to the Buyside podcast to hear Bob breakdown everything you’ve wanted to know about utility investing. Topics discussed include the regulatory process, renewable energy, carbon-free target, replacement cost, and how to value utilities. In this interview, you’ll hear Bob talk about some of the elements that are required for a utility to be, well, a great utility. You’ll also hear about Xcel’s carbon-free ambitions and what the company will have to do to achieve their targets. And here’s a spoiler, achieving a carbon-free generation portfolio isn’t solely based on wind, solar, and batteries. The solution is actually much more complicated than pundits would like you to believe. Bob also does a great job of describing just what the regulatory process is like for a utility, how a utility justifies spending money that we, as ratepayers, essentially pay for, and Bob also talks a little about how a utility determ

Paul Comfort is the host of Transit Unplugged, an award-winning public transportation podcast. Paul formerly served as CEO of MTA Maryland, one of the largest public transit systems in the US, and is currently a VP and chief transit evangelist at Trapeze Group. Tune in to The Stock Podcast interview with Paul describe some of the changes taking place in the public transit systems across the US and Europe. The post Paul Comfort – Host of Transit Unplugged and former CEO of MTA Maryland – The Stock Podcast, Ep.26 appeared first on The Stock Podcast | CEO & CFO Interviews.

Lynn Mueller is the Chairman, CEO, and Co-Founder of Sharc Energy Systems (SHRC / INTWF). Sharc Energy has a patented system of recovering thermal energy from wastewater. Tune in to The Stock Podcast to hear Lynn describe one of the most interesting heat recovery and energy recycling systems around today. It's a truly fascinating interview about a company and a technology that could alter the course of natural gas demand going forward. The post Lynn Mueller – CEO of Sharc Energy Systems (SHRC) – The Stock Podcast, Ep.25 appeared first on The Stock Podcast | CEO & CFO Interviews.

Eden Enterprises CFO Darren Gacicia joins The Stock Podcast to talk about his company and the cannabis industry. Eden Enterprises, also known by its retail brand, Garden of Eden, is a vertically integrated marijuana company based out of California. Tune in to hear Darren talk about one of the fastest growing industries in the US. Eden Enterprises is one of the premier cannabis companies in California. One of the things that’s so interesting about this industry is the absence of interstate activity. Based on current rules and regulations, a cannabis company essentially cannot operate in more than one state. It’s a dynamic that will likely change over time, but the system in the US is strange like that – so, for potential new entrants, be sure to keep that in your dispensary business plan! And Eden Enterprises is certainly keeping an eye on industry developments, which could put the company in a good position to capitalize on the changes to come. That’s why it’s such a treat to have Darren Gacicia on the podcas

CONSOL Energy's CEO, Jimmy Brock, and CONSOL's CFO, David Khani, join The Stock Podcast to describe the CONSOL investment thesis and the business of mining coal. CONSOL is one of the premier coal producers in the country. Tune in to hear management talk about the outlook for the business, the industry, and one of the most valuable coal assets in North America, the Pennsylvania Mining Complex. The post Jimmy Brock and David Khani – CEO and CFO of CONSOL Energy (CEIX) – The Stock Podcast, Ep.23 appeared first on The Stock Podcast | CEO & CFO Interviews.

Wouter van Kempen is the Chairman and CEO of DCP Midstream, the largest natural gas gathering and processor company in the United States. Tune in to hear Wouter describe DCP‘s operational footprint, the game-changing technological advancements his company is implementing, and a truly compelling investment story. DCP Midstream is one of a few MLPs that can boast of having consistently delivered on the inherent agreement between shareholder and management. The agreement relates to the cash the company distributes to investors via the dividend. Sure, one could argue that DCP is a troubled investment story, evidenced by the lack of dividend growth since the commodity price collapse of 2014. However, Wouter van Kempen and his team have done a phenomenal job steering DCP through a very uncertain period of the North American energy cycle and has delivered on one of the most critical components of the MLP investment thesis – stable distributions to shareholders! The post Wouter van Kempen – CEO of DCP Midstream (DCP)

Bahir Manios is the CFO of Brookfield Infrastructure, one of the largest diversified infrastructure companies in the world. Tune in to hear Bahir discuss BIP‘s asset portfolio, investment philosophy, and a very compelling investment story. The post Bahir Manios – CFO of Brookfield Infrastructure Partners (BIP) – The Stock Podcast, Ep.21 appeared first on The Stock Podcast | CEO & CFO Interviews.

Will Eglin is the CEO of Lexington Realty Trust (LXP). Tune in to hear Will describe Lexington‘s portfolio transformation from a commercial REIT to an industrial REIT, the outlook for the LXP dividend, and the most important insider’s perspective on the value in LXP stock. Lexington Realty is a REIT that has been around for years. But the business model has changed over time. Today is one of those times of change, especially as management sees the writing on the wall with respect to commercial real estate values and rents. LXP has already started the process of transitioning from a commercial REIT to an Industrial REIT. In order to achieve this goal, management has plans for re-rating the LXP dividend to a lower level. Despite the dividend pause, there appears to be value in LXP stock. At the time of this interview, net debt is down to a manageable 4.3x EBITDA, and the company has completely repaid its revolver. Management has committed to buy back shares, while at the same time determined to transform itself

Devina Rankin is the CFO and SVP of Waste Management (WM), the largest waste services company in North America. In this episode of The Stock Podcast, Devina provides a brief history of the company and a great overview of the waste management business. Tune in if you’d like to learn about the waste management business, the recycling industry, and how landfills work. I realize that Waste Management probably doesn’t need an introduction. Just about everyone out there has probably seen WM’s big green trucks driving around town. However, the waste management business is much more than just picking up trash. There’s a lot that goes on behind the scene that we don’t see. Running a waste management business is very complex, and that’s why it’s great to have Devina on the program to describe how they grew to become the leading waste services provider in North America. The post Devina Rankin – CFO of Waste Management (WM) – The Stock Podcast, Ep.19 appeared first on The Stock Podcast | CEO & CFO Interviews.

Ken Anderson served as Commissioner with the Public Utility Commission of Texas (PUCT) from 2008-2017. Tune in to this episode of The Stock Podcast to hear Ken describes the success of Texas renewable energy, the history of ERCOT, and his views on an ERCOT capacity market. Ken also provides some of his perspectives on the current issues the PUCT will likely have to deal with down the road. In addition, Ken outlines some really interesting regulatory and market considerations regarding Sempra‘s acquisition of Oncor, as well as some of the benefits of limited federal oversight in building out CREZ and potential changes to the regulatory framework in Texas. By means of background, Ken was a slightly controversial figure for utility investors. Ken’s opposition to an ERCOT capacity market was perplexing for many. However, Commissioner Anderson was unwavering when it came to his views on how deregulated power markets should operate. So far, he’s been spot on. ERCOT and Texas have some of the lowest power prices acr

Tom O’Flynn is the CFO of AES Corporation (AES). Tom provides a great overview of AES Corporation’s business model. He also discusses some really interesting catalysts for the company and highlights a compelling investment case for the shares of AES’ stock. AES is a power company, but it’s different from regulated utilities, IPPs, and yieldcos, yet at the same time has similar characteristics. The asset portfolio includes traditional generation facilities, renewables, and a lot of the essential infrastructure required to produce and transmit electricity. Since the current management took the reins in 2011, they’ve pruned the portfolio, with more than $5B in asset sales over the past 7 years and exited 13 countries. During that time, management reduced parent level debt by $2B, cut costs by $300M, and they’ve returned almost $3B of cash to shareholders. Part of the return to shareholders has been through dividends, and AES has also bought back about 16% of their stock since 2011. Another interesting fact is th

Nathan Kroeker is the President and CEO of Spark Energy (SPKE). Tune in to hear Nathan describe Spark Energy’s business model and why he thinks SPKE stock is undervalued. Nathan also shares his thoughts on the outlook for the industry, and an explanation as to why the retail energy services business is misunderstood by the broader market. Most importantly, he outlines the most important aspects of the SPKE investment story and highlights the key elements of a really compelling investment idea. Spark went public in 2014 and was largely considered a roll-up story. Retail electricity businesses were trading really low multiples. So, SPKE could use its public currency, which carried a higher multiple, to roll-up private retail business at lower multiples. Recently, however, Nathan Kroeker shifted the company’s priorities to organic growth, and to optimize the business. Management expects to achieve 20M in cost savings from some discrete integration initiatives, which is a big deal for a company that generates le

Chris Whalen is the Chairman of Whalen Global Advisors, an author, and co-founder of Institutional Risk Analytics. Chris is recognized as one of the investors who anticipated the eventual bankruptcy of Lehman Brothers and has a reputation as one of the foremost banking analysts on Wall Street. Tune in to hear Chris discuss banks, interest rates, and the leadership changes at the Federal Reserve on The Stock Podcast. If you’d like to learn more about Chris Whalen, you should check out his blog here. Also, I highly encourage anyone interested in learning more about interest rates, credit spreads, and the dynamics behind bank earnings power to subscribe to the Institutional Risk Analyst. And if you want to dig deeper, you can purchase the quarterly IRA Bank Book. The post Chris Whalen – Investor, Author, and Historian – The Stock Podcast, Ep.15 appeared first on The Stock Podcast | CEO & CFO Interviews.

Jim Lucier is a Managing Director at Capital Alpha Partners, a leading Wall Street research firm providing strategic policy analysis and political forecasting. Jim leads the energy, environmental, and tax practices at Cap Alpha. Tune in to hear Jim talk to IwtB about Trump's proposal to replace the Clean Power Plan (CPP) with the Affordable Clean Energy (ACE) rule, the Federal Energy Regulatory Commission (FERC) and its importance in the buildout of US energy infrastructure, and a conversation about Colorado's Initiative 97 and the attempt to drastically limit fracking in the state. The post Jim Lucier – Energy and Infrastructure Policy Expert at Capital Alpha – The Stock Podcast, Ep.14 appeared first on The Stock Podcast | CEO & CFO Interviews.

Clearway Energy’s CFO Chad Plotkin joins the podcast to talk about the renewable energy business. Clearway Energy (CWEN), known previously as NRG Yield (NYLD), is one of the biggest owners of renewable energy facilities in the US. Tune in to hear Chad talk about the history of the company, the Global Infrastructure Partners (GIP) acquisition, and how CWEN’s diversified asset portfolio differentiates this yieldco from the others. It’s an extremely insightful interview, especially for investors who want to learn more about the natural deleveraging that occurs for renewable energy businesses. The post Chad Plotkin – CFO of Clearway Energy (CWEN) – The Stock Podcast, Ep.13 appeared first on The Stock Podcast | CEO & CFO Interviews.

Steve Fleishman is a Managing Director and Senior Analyst at Wolfe Research. Steve and his team cover the utilities, power, renewables, and midstream sectors at Wolfe Research. Steve has been Wall Street’s top-ranked utility analyst 14 times, so it’s an enormous honor to have him on the podcast! Tune in to hear Steve provide a great utility primer including a brief history of utilities, trends he and his team are following, and some of his thoughts on utility valuations today. Steve agreed to come onto the program to give listeners of The Stock Podcast a utility primer. So, if you have an interest in utility investing, or you just like to gain an understanding of how utility investors think about the sector, this episode may be what you’re looking for. You may recall from the Chris Sighinolfi interview that sector specialists like Steve know their industries forward and backward and Steve is a prime example of this. Steve has a reputation for being an extremely thoughtful analyst. If you listen to an earnings

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