Is Antero Midstream Corporation (AM) a Smart Long-Term Buy?
Bonhoeffer Capital Management, a value-oriented investment management firm, published its fourth-quarter 2020 Investor Letter – a copy of which can be downloaded here. A net return of 20% was recorded by the fund for the fourth quarter of 2020, outperforming its MSCI World benchmark that delivered a 15.9% return. You can view the fund’s top 5 holdings to have a peek at their top bets for 2021.
Bonhoeffer Capital Management, in their Q4 2020 investor letter, said that, as natural gas prices are rebounding, Antero Midstream Corporation (NYSE: AM)’s cash flows become more secured. Antero Midstream Corporation, based in Denver, Colorado, operates and develops midstream energy assets to service Antero Resources’ production of natural gas. It currently has a $4.5 billion market capitalization. Since the beginning of the year, AM delivered a 22.70% return, impressively extending its 12-month gains to 126.32%. As of March