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Positioning Today for Tomorrow’s Energy Prices

By  Roger S. Conrad
Issue No.156 . Sep. 17, 2019

Through much of August and early September, benchmark US oil prices continued to defy conventional wisdom of an impending decline, hanging in the same mid-50s per barrel trading range they’ve held since late January. Meanwhile, natural gas has rebounded more than 20 percent from early August lows, squeezing the elevated ranks of short sellers.

Energy prices’ resiliency this summer hasn’t convinced too many investors to jump back into sector stocks. But a number of producers, midstream operators, service companies and even MLPs have now made noticeable bounces off last month’s nadir even before last weekend’s drone strike on Saudi Arabia.

Energy Commentary >>

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  • Endangered Dividends List

    By Roger S. Conrad on Sep. 17, 2019

    In addition to Antero Midstream Corp (NYSE: AM) discussed above, we’re also adding Dynagas LNG Partners (NYSE: DLNG) and Summit Midstream Partners (NYSE: SMLP), less than a year after they came off the EDL following deep dividend cuts.

  • Energy Strategy Roundtable

    By Elliott H. Gue on Sep. 17, 2019

    Talking Point #1: What's the risk of recession and a demand led collapse in oil prices over the next 12 months?

    EG: I continue to believe fears of recession are overblown in the US. In fact, I’m seeing some tentative signs the US economy is stabilizing and we may see some improvement in data over the next few months.

  • Energy Outlook Post Q2 Earnings

    By Elliott H. Gue on Aug. 24, 2019

    Talking Point #1: How much should we worry about the possibility of stalling or even falling production growth in North America for producers, drillers, midstream and downstream companies we own?

    EG: Ironically, I think falling US production would be a huge positive for most of the upstream (producers) and services companies we recommend.

  • Endangered Dividends List

    By Roger S. Conrad on Aug. 24, 2019

    As we pointed out in our August 14 Energy Commentary “The Hammer Falls on Sanchez: Who’s Next,” Sanchez Midstream Partners (NYSE: SNMP) has eliminated its quarterly dividend. We now believe there’s a better than even chance it may have to follow its general partner Sanchez Energy (OTC: SNECQ) into bankruptcy.

  • Endangered Dividends List

    By Roger S. Conrad on Aug. 9, 2019

    There have been no dividend cuts in our Energy and Income Advisor coverage universe in the brief time since the previous issue went to post. Rather, the majority of EDL members have elected to maintain the same payout rates for at least another quarter.
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    Elliott and Roger on Aug. 27, 2019

    • Portfolios & Ratings

    • Model Portfolios

      Balanced portfolios of energy stocks for aggressive and conservative investors.

    • Producers and Drillers

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

    • MLPs and Midstream

      Our assessment of every energy-related master limited partnership.

    • International Coverage

      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