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It’s hard to tell from the volatility of sector stocks. But third quarter earnings season is going well for best in class energy companies up and down the value chain.

A lot of oil and gas in North America is still bottlenecked by transportation constraints. That’s hampering producers in many places, notably the booming Permian Basin. Canada, meanwhile, is in a virtual depression with Western Canada Select recently fetching less than $20 a barrel and natural gas at the AECO hub going for just 48 cents per million BTU.

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  • Round Table: Our Take on Q3 Earnings So Far

    By Roger S. Conrad on Nov. 7, 2018

    Are you concerned by the large number of energy company dividend cuts we seem to be seeing this earnings season? - Roger Conrad: Let’s get one thing straight right up front. There’s no such thing as a “good” dividend cut. When a company reduces its payout, investors lose income and share prices typically fall to reflect the lower amount. That’s why we want to avoid stocks at risk of dividend cuts and it’s the reason we have an Endangered Dividends List.

  • Endangered Dividends List

    By Roger S. Conrad on Nov. 7, 2018

    Buckeye Partners (NYSE: BPL) is cutting its quarterly distribution for the first time in its 30-year plus history, from $1.2625 to 75 cents per unit. That’s a -40.6 percent reduction starting with this month’s payment, an amount right in line with our expectation.

  • Roundtable: Energy and the Stock Market

    By Elliott H. Gue on Oct. 25, 2018

    Roger Conrad: A month ago, we talked about the super majors as really a breed apart in the energy business, particularly for anything to do with long-term business resiliency. A lot of that has to do with balance sheets. I mean there are plenty of sovereign governments that can’t match the Aaa credit rating ExxonMobil (NYSE: XOM) draws from Moody’s.

  • Endangered Dividends List

    By Roger S. Conrad on Oct. 24, 2018

    Endangered Dividends List companies are vulnerable for different reasons like cash flow, elevated debt levels, revenue pressure etc. This edition of the EDL table is expanded by five names since the previous issue of EIA.

  • The Outlook for Gas

    By Elliott H. Gue on Oct. 3, 2018

    Since the end of 2011, the average weekly closing price for front-month US natural gas futures is roughly $3.15/MMBtu, in-line with the current price of $3.12/MMBtu. In the short term, US gas storage levels are at the lowest levels in 15 years, supply growth is constrained and demand remains robust. That could lead to a spike in NYMEX gas futures to $4/MMBtu or higher this winter.

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  • Live Chat with

    Elliott and Roger on Oct. 29, 2018

  • Portfolios & Ratings

    • Model Portfolios

      Balanced portfolios of energy stocks for aggressive and conservative investors.

    • Coverage Universe

      Our take on more than 50 energy-related equities, from upstream to downstream and everything in between.

    • MLP Ratings

      Our assessment of every energy-related master limited partnership.

    • International Coverage Universe

      Roger Conrad’s coverage of more than 70 dividend-paying energy names.

    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