alix: heidi ma midstream -- i am a midstream diamond company. give me money. about? >>. yes. requirements. we do b2b. our framework is very risk mitigated. we look at the credit and check market references. but we look primarily at the collateral which is quite safe even with declining prices. you will never see more than 10% to 12%. alix: you take a look at the future, at some point when the commodity autumns, it will plot them way --it will claw themselves higher. do you feel these midstream companies will pay up for the flexibility of the cash, or go back to the banks where they pay less but have more military issues? >> they will continue to come to us because our solution is not just lending. when the diamonds are in our possession, we also help with marketing solutions for borrowers. while it is in our possession, we help with distribution and the complete on the channel approach to tb, e-commerce, retail so they are not as getting liquidity, they are getting inventory turn and increased probability. that whole solution is the reason why i think they wil

noble midstream is actually one of the bigger wins. i think that people should be looking at those companies that midstream partnerships are back and they're very valuable because there's a lot of oil and natural gas being shipped around the country. turns out this group has bounced back. now, it's not anywhere back to where it was even a year ago. >> no. >> judge has the guy we want investigate for the house on the american downgrade committee, wedbush guy on, he's on the scott wapner show, maybe they'll subpoena -- was it the subpoena that made it or is he coming onto talk about it? >> i think he's just coming on -- >> you are coming on the show. >> phas that stock down about half of 1%. symbol for alpha by the way is still goog. >> just a punch in the face. come here and explain why that man doesn't know what he's doing. come on the judge's show, or come on "mad money." >> right. >> we refute -- >> carl mentioned this at&t that downgrade from ubs having a bit more impact on those shares. att down about 1.25% this morning. i thought

over my right shoulder noble midstream partners.n times over subscribed. >> very big yield. >> got 75%, listing here 12.5 million shares at 22.50. so they're raising $280 million. it does look like it's actually going to be higher. 24 to 26. >> have done well here, look, there's need for pipeline. i was looking at rbn today put out a piece about how inventory numbers are not really following because we're exporting the same as we're importing. we spend a lot of time on wednesdays -- i no longer regard as that value. the midstream companies in the pipeline business have been the best place to be for wealthy individuals to try to get that money. magellan by far the best. >> in this area hard to imagine you could do an ipo at all. the proceeds going to help pay a distribution to noble. >> but the yield's good. noble i happen to -- you know, noble's a very good company. >> is it? >> it's a very good company. and i think the one i like, mike been on "mad money" a bunch of times but noble historically remember they have some terrific asse

how come upstream is different than downstream, midstream? >> i think energy infrastructure as a whole, the congress has, frankly, distributed responsibility for different elements of infrastructure among multiple agencies. dea, department of energy, department of state has some. those particular issues that you raise certainly are not in department of energy's bailiwick. >> should they be? should they be in your bailiwick? you be the big king of the jungle, so to speak? >> i think that would be an interesting discussion between the congress and the administration. >> thank you. that's my questions. i yield to the ranking member. okay, to mr. pallone. ranking member of the full committee for his five minutes of questions. >> thank you, mr. chairman. mr. secretary, i wanted to ask you some questions on lng, particularly related to language in the energy bill on lng exports that is concerning me. as you know, applications for lng export have been increasing in recent years. since revising the approval process for lng applications in 2014, d.o.e

i prefer enterprise and magellan midstream partners but i have to admit kmi can come back. oil, i think, can range 40, 50, 40, 50, and when it goes down to the 40 level, you get kmi at 20. i'm okay with it now. how about tim in florida. tim. >> caller: hey, jim. hello from the space coast. internet, bofi. >> you know what? this thing is just a giant short squeeze, and i don't want to play it. i mean if you want a bank stock, we like citigroup for my action alerts charitable trust. that's the one i find is the cheapest. david in ohio. david. >> caller: jim, how are you? got a question here for you. >> sure. >> caller: i bought fireeye at 43. it's down to 14. lost about 35k. should i hold or sell? >> no, no. fireeye has got new management. we want to see if they can turn it around. there was so much hot money in that thing. don't expect anything until you see two good quarters in a row. jay in texas. jay. >> caller: thanks for taking my call. my question is on sarepta therapeutics. >> all right. sarepta is a tough situation because there were articles yesterday about a guy fr

i prefer enterprise and magellan midstream partners but i have to admit kmi can come back., i think, can range 40, 50, 40, 50, when it goes down to the 40 level, i'm okay with it now. tim in florida. tim. >> caller: hey, jim. hello from the space coast. my stock is -- >> we like citigroup for my action alert charitable trust. david in ohio. david. >> caller: jim, how are you? got a question here for you. >> sure. >> caller: i bought fire eye. >> you want to hold it. fire has got new management. we want to see if they can turn it around. there was so much hot money in that thing. don't expect anything until you see two good quarters in a row. jay in texas. jay. >> caller: my question is on ser ep tuesday. >> a tough situation because there are articles yesterday from a guy from the fda. pieces of research today from the guy saying people in the fda are still against it. i think this thing all the way up at 30 is a little bit too dicey. ron in nevada. ron. >> caller: how are you doing, jim? >> i'm doing well, ron. how are you? >> caller: i'm good. i got a stock, ren. >> my go

noble midstream, which is an oil and gas mlp, they tried going public in september.enly now oil is stabilized. they have a yield that's 7.5%. the book closed early. demand is very strong. i wouldn't be surprised if price is at the high end of the range. this will be a test for the ipos with a test score of oil and gas overall. >> thanks very much. >>> bring in the closing bell. from the nasdaq from the company of economic development, and the national association of investment trust. all yours. >>> welcome to the "closing bell," everybody, i'm kelly evans. the s&p dropping just about a point, but the nasdaq managing to stay positive today, as a matter of fact, averaging 18 points. closing at 51.73. for the s&p, 21.25 is the closing level there. for the dow, still hanging onto that 18,000 number. 18,034, a drop of about a fifth of a percent today. and there's one luxe lady who is making bank. paris hilton gives us her take on traveling the world, her successful business empire, and yes, donald trump. and that's coming up. >>> joining the panel in the meantime, back wi

so certainly the safest of the asset classes in midstream in terms of expected growth over the next call it decade. so nice diversification play from enbridge on the spectra side they combine into a larger entity. they have at the margin access to some incremental capital, particularly from canadian investors. and that incremental capital, you know, again, at the margin but important when you're talking about a growth backlog that at a minimum is $20 billion and kind of as possibilities range all the way up to about $60 billion. >> brandon -- >> very sizable. >> hey, brandon, it's brian. i got to jump in. there was something else that happened a few days ago we did not cover, didn't get any attention because it was enbridge and a partner buying a piece of a piece. but to me it might be more interesting and relative more long term than this deal that is enbridge and eep buying a controlling stake in the dakota access pipeline from the bakken. all the hype over the keystone, right? you can't get the keystone done. won't this deal give enbridge the ability to bring canadian and bakken crude

noble midstream, comes out of noble, a pipeline company, oil and natural gas. 12.5 million shares, itas supposed to price tomorrow night. now, they tried in december to price. they weren't able to. they had a 6.2% dividend yield. they suddenly announced they're coming and changed the dividend yield to 7.5%. what happened? the thing sells out. they actually closed the book early, which is a very good sign and announced suddenly we're going to price this thing tonight. i wouldn't be surprised if this prices right at the top end of the market $21 or so. which goes to show you this was the first mlp in a year, more than a year, that if you price it with the right dividend yield for dividend hungry investors, you get interest. the thing closed early. i'll keep an eye on that, talk about that first thing tomorrow morning. ipo market i said this before, but actually we are getting some numbers, some names coming out tomorrow night bank of nt, the biggest bank in bermuda, going to price right down here, lot of interest in that. everbridge also pricing as well. next week valvoline out, alf bea

only do oil don't and we invest across the energy spectrum with a lot of power .nvesting, refining, midstreamt of the strategy. if we were narrow just doing oil or just in the u.s. -- it moves around a lot. we want a very broad scope to invest. we want to build and buy. oil fromt is exploration, development, building power plants from scratch. we actively mitigate risk. --nkfully, we were able to we are a net seller of the energy folio in 2014, selling $3 billion worth. we did not buy anything, new deals, we invested in existing portfolios with no new investment in 2015. if anything, you would be encouraged to submit that right away. we were cautious. we stopped people believing oil prices that we did not. those people ended up making investments in 2015. it was a false rally with oil prices collapsing in the summer. now, this year, things were low enough for long enough that we 1,000,000,005. 2/3 in oil deals. david: we will have a new president coming up. without asking what your election,s on the energy is front and center. how do you accommodate two different approaches for the next four

that means we are going to have changes and change these horses midstream. and also on the state department working with the military, working with our intelligence services, i'm not convinced we exactly have that right yet. and i think that that will -- that change has to happen pretty soon going forward. and the next president is going to inherit i think dysfunctional is too strong a word but a layered burr cattic national security council operation decision-making process that i don't think works for the better of our national security. they will have to go in and change that and neither one of will taken that issue. >> a bureaucracy in progress. we are tight in time but i want to squeeze in one question. we got a quick one from the back. >> rachel eleven son walt man. i am interested in terms of the conversation about dhs and whether that money was well spent. of course dhs sent millions and millions of dollars to fusion centers with very little oversight and it seems that that money did vary a little. and i am interested if you think that money was well

that means we're going to have some changes and change these horses midstream. also on the state department working with intelligence services i'm not convinced we exactly have that right yet. that change has to happen pretty soon going forward and the next president is going to inherit -- i think dysfunctional is too strong a word, layered democratic national security council operation decision-making process that i don't think works for the better of our national security. they are going to have to go in and change that. not either one of them will tackle that issue. it's a big one. >> beaurocracy in progress. a frightening image. tight on time but i want to squeeze in one question. from the back tell us who you are. >> with the brennan snowe center for justice. interesting in conversation about dhs and whether that money was well spent. of course dhs sent millions and millions to fusion centers with very little oversight and seems that money did vary little especially when you're talking about counter-terrorism. i'm interested if you think that money was well

how come up stream is different than down stream, midstream?> i think energy infrastructure as a whole, the congress has, frankly, distributed responsibility for different elements of infrastructure among multiple agencies. dea, department of energy, department of state has some. those particular issues that you raise certainly are not in department of energy's bailiwick. >> should they be in your bailiwick? you be the big king of the jungle, so to speak? >> i think that would be an interesting discussion between the congress and the administration. >> thank you. that's my questions. i yield to the ranking member. okay, to mr. pallone. ranking member of the full committee for his five minutes of questions. >> mr. secretary, i wanted to ask you some questions on lng, particularly related to language in the energy bill on lng exports that is concerning me. applications for lng export have been increasing in recent years. since revising the approval process for lng applications in 2014, d.o.e. has been able to quickly approve applications after fe

then she upgrated the server midstream and nobody at the state department stopped her which is malpracticend their part. also when it comes to the military how can you say that you're serious of stopping isis and stopping the next san bernardino, the next orlando, the next 9/11, the next ft. hood, how you be serious and rule out ground troops? if you could stop that, you have people on the ground now. 4,100 on the ground right now. and you're ruling out ground troops? it's an insult to our intelligence and not practical. >> basically if you like the way the country is going now, vote for hillary clinton and if you don't, vote for trump. >> it wasn't just an e-mail account, but a gizmo in her basement, she said it's never been hacked. although, you know -- >> they don't know that. >> she said, maybe it did happen. >> giving you a preview of the debates. >> there was an interesting observation by jason chaffetz who revealed yesterday of the 12, 13 gizmos, her devices, do you know where she got them? she bought them on ebay. she bought them on ebay because she liked the older technology repor