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  • Roger S. Conrad

The New Energy Crisis

By  Elliott H. Gue
Issue No.198 . Oct. 1, 2021

For the first time in four decades, inflation is a key risk in the US and other developed economies.

Indeed, according to the University of Michigan survey, US consumers expect annualized inflation of close to 3% over the long haul, a full 1% above the Fed’s 2% target level.

Meanwhile, more than 50% of small businesses in the National Federation of Independent Business (NFIB) survey reported that job openings were hard to fill in the month of August 2021, the highest reading in the history of this survey dating back to 1973.

Rising labor costs prompted FedEx (NYSE: FDX) to slash guidance in September while expectations for Q3 2021 US economic growth have plummeted since August as many fret that rising prices are beginning to pinch the consumer.

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  • A New Energy Supercycle

    By Elliott H. Gue on Oct. 1, 2021

    Earlier this month, the Petrol Retailers Association (PRA), an organization representing almost 70% of gasoline stations in the United Kingdom, reported that two-thirds of the nation’s stations were out of petrol (called gasoline on this side of the Atlantic).

  • Endangered Dividends List

    By Roger S. Conrad on Oct. 1, 2021

    There have been no dividend cuts since the previous issue of EIA. There are also no additions to the list in advance of the release of Q3 results, which for our coverage universe should mostly be reported in the next three to five weeks.

  • Portfolio: Updating our Targets

    By Roger S. Conrad on Oct. 1, 2021

    Considering our sanguine outlook for commodity prices, we’re updating our buy under target prices for several stocks in our portfolio universe including raising our buy under price for EOG Resources to $90, Pioneer Natural Resources to $175 and Occidental Petroleum to $32.

  • Cashing in on Canada’s Budding Energy Renaissance

    By Roger S. Conrad on Sep. 17, 2021

    Next month marks the 15-year anniversary of the so-called “Halloween Massacre”—when Canada’s then Prime Minister Stephen Harper reversed a pledge not to tax income trusts, and brought the investment boom to an abrupt end.

  • Endangered Dividends List

    By Roger S. Conrad on Sep. 17, 2021

    There have been no dividend cuts since the previous issue of EIA, leaving the year-to-date total at nine. We are, however, making several changes to the Endangered Dividends List to reflect the impact of Q2 earnings, guidance updates and market developments.

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    Elliott and Roger on Oct. 28, 2021

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    Experts

    • Elliott H. Gue

      Founder and Chief Analyst: Capitalist Times and Energy & Income Advisor

    • Roger S. Conrad

      Founder and Chief Analyst: Capitalist Times and Energy & Income Advisor