1/27/22 Capitalist Times Investing Live Chat
Elliott Gue & Roger Conrad will host their monthly Live Chat for subscribers Thursday, Jan. 27, 2022 at 2 PM Eastern. Please feel free to send your questions in advance to service@capitalisttimes.com
We hope you’ll join us!
Six Great Energy Picks for 2022
For energy investors, 2021 will go down as one of the best ever. Benchmark North American crude oil started the year priced well under $50 a barrel but finished at around $77, after spending much of it over $80. Natural gas went from under $2.50 per million BTUs to nearly $6.50, before settling at $3.76.
More than anything else, the commodities’ strength was responsible for lifting the S&P 500 Energy Index and Alerian MLP Index to memorable gains of 53.6 and 39.1 percent, respectively. And as we highlight throughout this issue, a well-chosen portfolio of individual energy stocks did even better.
Wise stock picking in energy mattered just as much in 2021 with the cycle turning higher as it has the past several years when the downside prevailed. And the same will be true in 2022 as the cycle enters its next phase.
Our Top Six Picks for 2022
One of the most common questions we receive from readers—especially during our monthly webchats—is what our “absolute top pick” is at any given moment. And as many of you have no doubt noticed, we typically bob and weave a bit in our answers.
12/30/21 Capitalist Times Investing Live Chat
Elliott Gue & Roger Conrad will host their monthly Live Chat for subscribers Thursday, Dec. 30, 2021 at 2 PM Eastern. Please feel free to send questions in advance to service@capitalisttimes.com
We hope you’ll join us!
11/30/21 Capitalist Times Investing Live Chat
Elliott Gue & Roger Conrad will host their monthly Live Chat for subscribers Tuesday, Nov. 30, 2021 at 2 PM Eastern. Please feel free to send questions in advance to service@capitalisttimes.com
We hope you’ll join us!
Portfolio: Bumping Up the High Yield Energy List
May 2019 was a tough time to launch our High Yield Energy Target List, on the eve of the historic collapse of oil and gas prices. But 30 months in, we’re at a decidedly better place in the energy cycle. Our paper losses have become big gains. In fact, we’re at a point that justifies shuffling the deck a bit in favor of increasing yield.
The Cycle Broadens
All 21 energy stocks in the S&P 500 have reported quarterly earnings, beating aggregate earnings expectations by more than 14%, the second highest of any sector in the S&P 500.
Overall, energy stocks have tended to sell off around 1.6% on average in the five trading days following their release. Nonetheless, that looks like little more than a minor bout of profit-taking when you consider energy remains the top-performing groupmind the S&P 500 on a trailing 12-month, year-to-date and even quarter-to-date basis.
As we’ve written before in Energy & Income Advisor, the producers tend to lead in the early stages of a new energy upcycle with the rally then broadening out to include other groups like services and refiners. We see clear evidence in Q3 results that we’re reaching that inflection point for several key groups.
Two for the Watchlist
As noted in the portfolio update this week, our only oil and gas services recommendation in the model portfolio right now is Schlumberger (NYSE: SLB). That’s been the right move as shares in SLB are the top-performing of the Big 3 services names over the past year.
10/28/21 Capitalist Times Investing Live Chat
Elliott Gue & Roger Conrad will host their monthly Live Chat for all subscribers Thursday, October 28, 2021 at 2 PM Eastern time. We hope you’ll join us!
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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