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Our Views On Super Majors

By  Roger S. Conrad
Issue No.134 . Sep. 22, 2018

In this issue of Energy and Income Advisor, Elliott and I highlight another Roundtable. This time, it’s our views on the giants of the energy investing universe: Super majors, the world’s biggest non-government oil and natural gas producers.

Following the template of our past Roundtables, we focused our comments on several key talking points: (1) Our general view of super majors as investments now; (2) Super majors’ success (or lack thereof) in keeping up with the latest technologies, processes and investment opportunities in the energy space; (3) The importance of super majors’ ongoing diversification efforts, (4) The relative importance of litigation, regulation and political turmoil to our analysis of super majors and (5) Our top recommendations of the super majors.

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  • Endangered Dividends List

    By Roger S. Conrad on Sep. 22, 2018

    Ferrellgas Partners (NYSE: FGP) has exhausted a $50 million reserve for paying distributions. Under its debt covenants, the propane distributor MLP will have to suspend its distribution entirely, until the consolidated fixed charge coverage ratio recovers.

  • Roundtable: Our Views On Super Majors

    By Roger S. Conrad on Sep. 22, 2018

    Talking Point #1: What’s your general view of the super major oils at this time? • Roger Conrad (RC): I became a shareholder of Chevron Corp (NYSE: CVX) when it acquired the former Texaco, which I believe was actually the first stock I ever bought. I was fresh out of business school and made an investment in Texaco’s dividend reinvestment plan, and I’m happy to report that I literally make more in dividends every year than my original investment.

  • Model Portfolios: Simplifying our Strategy

    By Roger S. Conrad on Sep. 4, 2018

    Starting in September, we’re taking a giant step to simplify our Energy and Income Advisor Portfolio strategy. Our 3 Model Portfolios are divided into “Conservative” and “Aggressive” Holdings. The Conservative stocks are intended to be bedrock positions, where our objective is long-term capital appreciation and in most cases a rising stream of income. The Aggressive stocks carry more risk but also more upside potential and often very high yields to reward your wait.

  • Roundtable: Our Views on Q2 Earnings, Picking Permian Basin Targets, MLP Corporate Conversion, 2018 Political Risks and More

    By Elliott H. Gue on Aug. 23, 2018

    Talking Point #1: The Permian Basin of West Texas and New Mexico - Roger Conrad (RC): Elliott, a lot has happened in the energy sector since the Roundtable discussion you and I had following MLP & Energy Infrastructure Conference. But the most striking development to me is how, despite what seems to be an endless legion of skeptics, the action in the Permian Basin just keeps heating up.

  • A 30,000 Foot View of the Global Energy Industry Today

    By Elliott H. Gue on Aug. 8, 2018

    Oil services giants Halliburton (NYSE: HAL) and Schlumberger (NYSE: SLB) are two of the most important energy companies to watch during quarterly earnings season. That’s not because they’re the biggest companies in the energy patch; after all, super oil Exxon Mobil (NYSE: XOM) is nearly 4 times the size of Schlumberger by market capitalization. However, no companies have more insight into trends in the global energy industry, new technologies gaining traction in the field and producer activity levels than these two firms.

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