NetWorth Radio Advance Report - April 13, 2020

In this NetWorth Radio Advance Report, Spencer McGowan, President of McGowanGroup Asset Management, delivers financial news and intelligence with insights you can act on for April 13, 2020.

Advance Report

Radio Show

Powerful Interviews

The shocking events of the last 90 days have impacted the Global Financial markets faster than the Great Recession of 2008-2009. This week’s program provides:
*A fast paced recap of the most important Events, Headlines, and Market reactions over the last 90 days.
*Intelligence reports our team has gathered from our client business leaders around the country.

 

The Current State and Future of Texas Energy Infrastructure.


NetWorth Radio Texas Business Leadership Series: This week’s powerful interview features Brad Olsen, Co-Founder and Portfolio Manager and Oliver Doolin, Client Portfolio Manager with Recurrent Investment Advisors.


 

Prior to co-founding Recurrent, Brad was most recently the lead MLP portfolio manager for BP Capital Fund Advisors (BPCFA). Under Brad’s leadership, MLP AUM more than doubled (excluding the impact of appreciation).
From 2011 to 2015, Brad led Midstream Research for Tudor, Pickering, Holt & Co. (TPH & Co.), where he was recognized as the top all-around stock picker in the US by the Financial Times in 2013, and the top energy stock picker in the US by Starmine in 2014. Under Olsen’s leadership, the TPH & Co. midstream team was recognized in the WSJ’s “Best on the Street” poll as well as by Institutional Investor Magazine.
Brad also has experience as an investment analyst at Eagle Global Advisors in Houston, where he was part of a 3-person team that grew midstream/MLP AUM from $300mm to over $1bn from 2008 through 2011. He has also worked in investment roles at Millennium International, a large global hedge fund, and Strome Investment Management, an energy-focused hedge fund based in Santa Monica, CA. He began his career in the UBS Investment Banking Global Energy Group in Houston.
Brad earned a BA in Philosophy, Political Science, and Slavic Studies from Rice University in Houston.
Brad resides in Houston with his wife and four children. Brad was nearly fluent in Russian, but is very rusty.

Client Portfolio Manager / Energy Specialist
Oliver has spent over a decade specializing in natural resources, oil & gas, and MLP institutional equity research, most recently at Heikkinen Energy Advisors in Houston.Prior to joining Heikkinen, Oliver served in both research and business development roles at energy-focused investment banks, including 6 years as a Vice President at Tudor, Pickering, Holt & Co (TPH) in Houston, where he specialized in exploration and production (E&P), oilfield services (OFS) and midstream MLP companies.
Oliver began his career as a research analyst covering E&P and Oilfield Service companies for both TPH and Howard Weil, respectively.
Oliver holds a BS with dual concentrations in Finance and Legal Studies (Tulane University) as well as an MS in Accounting from the A.B. Freeman School of Business at Tulane University.
Oliver, originally from south Louisiana, is an avid outdoorsmen and runner. He resides with his wife and two children in Houston.

Medical Updates From One of Dallas’s Leading MDs.


NetWorth Radio’s Dallas Business and Medical Leadership Series: Spencer McGowan Interviews David A. Slater, M.D. – CEO and Owner of Whole Health Kinetix!


Dr. David Slater, the founder of Dallas’ Whole Health Kinetics, joins us to provide insights on the future of medical care and progress in medical innovation that is making a difference for patients right here in North Texas.
David A. Slater has been in Family Practice for over 20 years, taking care of patients in and around Irving, Grapevine, Coppell, Euless, Colleyville, Southlake, Westlake, Trophy Club and Dallas. Now, conveniently located in Addison, Dr. Slater introduces a new concept in healthcare with Whole Health Kinetix. He has always wanted to spend more time with his patients, provide customized one-on-one care, help people stay well vs. always treating acute symptoms. 
Dr. Slater is a Dallas native, a graduate of Texas A&M University and UT Southwestern Medical School and values his family time with his wife and two beautiful daughters. 
Dow Jones Industrial Average  (Year to Date)

– Courtesy of Bloomberg LP

C.B.O.E. 30 Year Treasury Bond Yield Index, 10 Year Treasury Note Yield Index, and Short-Term Interest Rate Index  (Year to Date)

 – Courtesy of Bloomberg LP

 COVID-19 Global Cases by the Center for Systems Science and Engineering (As of 4/9/2020) 

– Johns Hopkins University

iShares iBoxx High Yield Corporate Bond ETF (1/1/2007 – 4/9/2020)

– Courtesy of Bloomberg LP

 AllianceBernstein Global High Income Fund, Inc. & BlackRock Corporate High Yield Fund, Inc. – Comparative Returns (12/29/2006 – 12/31/2012)  

– Courtesy of Bloomberg LP

Headline Round Up!

*Crisis Updates
*Markets and Money Flow
*Goldman Declares Temporary 15% Jobless Rate, 34% Brief GDP Decline, Fastest Recovery in History?

 

Profit Report!

What is the Cash Flow Revolution? How did it help recover to record profits after 2002 and 2008?
Education on “Cap Rates!
Updated calculations on Net Present Value of future cash flow: What is $1,000,000 in net cash flow worth in Real Estate?:
1. Distressed market: 10-12%
2. Healthy market: 6%-7%
3. Overpriced market: 3%
For an Asset, what is the estimated 10 year outcome?
Buffett warned us in 2019 about the Bad Corporate Whipsaw Rule: Quarterly corporate insanity on long term assets driving CFO’s crazy for the next year – The unrealized Mark to Market rule.

 

Research Round Up!

Investors are invited to improve decision making with a comprehensive tour of global economics, indicators, and actual results.
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*Credit Market Opportunities
*Active Cases and Recoveries Globally
*John Hopkins Graphic Global Tour

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