Jim Cramer comments on how rising 30-year rates affect energy stocks
1 report, 1 independent
Updated Oct 6
AI-generated briefing. Brind wrote this from the reports listed below. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.
What happened
Jim Cramer reported that rising 30-year interest rates are causing Enterprise Products Partners to be weaker than expected. He noted that the 30-year rate is headed toward 6% or 6.25%.
From cnbc.com
Why it matters
The increase in interest rates raises the cost of capital for companies in the energy and midstream sectors. This trend could impact the valuation and financing costs of major energy players.
From cnbc.com
Who's involved
- Jim CramerProvided financial commentary on the impact of rising interest rates
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- YPFSpeculative
YPF could face higher financing costs due to rising interest rates.
- Energy TransferSpeculative
Energy Transfer might see an increased cost of capital for midstream industry competitors.
- ExxonMobilSpeculative
ExxonMobil might see a reduced value of its 40% stake due to rising rates.