2/25/21 Energy & Income Advisor Live Chat
Elliott Gue and Roger Conrad will host their monthly Live Chat for subscribers Thursday, Feb. 25, 2021 at 2 PM Eastern time. We hope you’ll join us!
Feature: Q4 Earnings Roundtable
We follow up last month’s Q&A with comments based on what we’ve seen in energy companies’ Q4 results and guidance for 2021, since the previous issue of EIA earlier this month. Save the date for our next members-only web chat on February 25 starting at 2 pm for more on individual companies and other questions.
Portfolio: More Numbers, Guidance and a Merger
Energy Transfer LP (NYSE: ET) is buying fellow High Yield Energy List member Enable Midstream Partners (NYSE: ENBL) in an all-stock deal valued at $7.2 billion, including assumed debt. The purchase includes the general partner interest held jointly by Centerpoint Energy (NYSE: CNP) and OG&E Energy (NYSE: OGE), both companies’ combined nearly 80 percent limited partner interest and the remaining publicly traded shares.
Energy Stocks: Bullish on Dividends
The vast majority of energy companies have yet to report Q4 earnings and to update investors on guidance. Most have, however, now declared their dividends for winter quarter 2021. And encouragingly, all that have so far have elected to either maintain or increase payouts.
To be sure, the number of energy companies growing dividends is still small, especially relative to a few years ago. We continue to expect more of the best in class companies and MLPs to follow Enterprise Products Partners’ (NYSE: EPD) lead in returning to a policy of regular increases. But given concerns about the economy and the sector’s inability to raise capital on reasonable terms, managements will likely stay conservative with their cash this year.
Feature Q&A: Q4 Earnings So Far and What to Expect from the Rest
As the world’s premier oil services company, Schlumberger Ltd’s (NYSE: SLB) earnings often provide valuable clues about the near and long-term direction of the energy business. What stands out from the company’s Q4 numbers and guidance?
1/28/21 Energy & Income Advisor Live Chat
Elliott Gue and Roger Conrad will host their monthly Live Chat for subscribers Thursday, Jan. 28, 2021 at 2 PM Eastern time. We hope you’ll join us!
Feature Roundtable: A Closer Look at Energy Policy in 2021
In the previous issue of Energy and Income Advisor, we stated our view that prospective changes in energy policy in 2021 would not be catastrophic for the oil and gas industry, regardless of who won the Georgia runoff elections for the US Senate.
Portfolio: Deep Dive on Strategy
Energy is arguably the most deeply cyclical industry in the S&P 500 and the downcycle that started in 2014 has been the deepest downturn the industry has faced since at least the second half of the 1980’s.
Rock Bottom Prices Ready to Rise
The year just passed will go down as one of the most turbulent for energy investors. There were dramatic ups and downs for prices of the raw commodities, including a brief but for some devastating period of negative benchmark oil prices.
Share prices up and down the oil and gas value chain dramatically underperformed the broad stock market, even while anything smelling of renewable energy was bid to the sky. There were also more sector dividend cuts than any period in history, in large part because the year was a final reckoning for many of the companies launched during the IPO boom of the previous decade.
It was a year when many investors threw in the towel for oil and gas entirely. In fact, tax selling is likely responsible for stalling what had been a respectable rally from early November.
Live Chat with
Elliott and Roger on Feb. 25, 2021
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
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Elliott H. Gue
Founder and Chief Analyst: Capitalist Times and Energy & Income Advisor
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Roger S. Conrad
Founder and Chief Analyst: Capitalist Times and Energy & Income Advisor