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Peter Staas is managing editor of the Conrad’s Utility Investor and Energy & Income Advisor. He earned a BA from the State University of New York at Binghamton and co-authored a textbook about real estate valuation models that’s used by federal bank examiners. Peter Staas also served as managing editor of Personal Finance, MLP Profits and The Energy Strategist, where he honed his understanding of global energy markets under the tutelage of investing experts Elliott Gue and Roger Conrad.

Articles

MLPs: Review and Outlook

We explain why we remain selectively bullish on master limited partnerships in 2018, discuss key opportunities and areas of risk, analyze trends in mergers and acquisitions, and highlight our favorite picks for the coming year.

Surveying the Oil-Field Services Landscape

The tale of two cycles looks set to continue for another year. Drilling activity may have bottomed in the international markets, but pricing pressure will persist until price deflation improves break-evens and upstream operators have more confidence in the outlook for oil prices. Meanwhile, some US exploration and production companies may moderate their spending increases relative to last year, but this short-cycle market remains the best bet for incremental growth and pricing gains in 2018–especially if our call for oil prices to average between $55 and $60 per barrel pans out. Given our preference for US exposure at this point in the cycle, we review the challenges, opportunities and market dynamics in three prominent onshore service lines through the lens of companies’ third-quarter results: contract drilling, pressure pumping and proppant.

Paradigm Shift in MLP Land

Big changes are afoot in the midstream segment. Many master limited partnerships appear to have taken Enterprise Products Partners LP’s lead and shifted their focus to building distribution coverage and reducing equity. We explore which names will be able to make this transition with relative ease and which names face more of a slog to put themselves on a path to sustainability.

10/26/17: Buying Opportunities

The recent selloff in master limited partnerships reflects concerns about moderating production growth in the US onshore market and worries that excessive leverage will lead to more pain for equity investors. These fears aren’t entirely unwarranted, but they do create buying opportunities.

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  • Live Chat with

    Elliott and Roger on May. 31, 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

    • Roger S. Conrad

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

    • Elliott H. Gue

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

    • Peter Staas

      Managing Editor: Capitalist Times and Energy & Income Advisor