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  • Roger S. Conrad

Roger S. Conrad needs no introduction to individual and professional investors, many of whom have profited from his decades of experience uncovering the best dividend-paying stocks for accumulating sustainable wealth.

Roger built his reputation with Utility Forecaster, a publication he founded more than 20 years ago that The Hulbert Financial Digest routinely ranked as one of the best investment newsletters. He’s also a sought-after expert on master limited partnerships (MLP) and former Canadian royalty trusts.

In April 2013, Roger reunited with his long-time friend and colleague, Elliott Gue, becoming co-editor of Energy & Income Advisor, a semimonthly online newsletter that’s dedicated to uncovering the most profitable opportunities in the energy sector.

Although the masthead may have changed, readers can count on Roger to deliver the same high-quality analysis and rational assessment of the best dividend-paying utilities, MLPs and dividend-paying Canadian energy names.

Articles

Energy’s Expanding Winners’ Circle

We’re now roughly two years into the energy upcycle—which began with North American benchmark oil prices actually in negative territory.

For most of that time, it’s paid to focus solely on the very best in class. They were the only energy stocks that were still profitable at the bottom. They were first to adjust to the current environment. And they were able to build market share during the downturn, even while less adept rivals were slashing dividends and filing for bankruptcy.

The Earnings Issue

The highest inflation rate in 40 years, increasingly hawkish global central banks, US/Russian “saber rattling” in Eastern Europe, lingering coronavirus uncertainty, approaching elections: All of these and more have contributed to a shaky opening for stocks this year, with the S&P 500 underwater by -8.6 percent.

The S&P Energy Sector Index, however, has continued to advance since our previous EIA issue and is now up nearly 23 percent for 2022. And while midstream continues to generally lag producers, refiners and other energy stocks, the Alerian MLP Index is still ahead by about 13 percent.

Bottom line is energy’s outperformance in 2021 is so far powerfully carrying over to 2022. And the simple explanation is the sector has decidedly entered a cyclical uptrend—one that based on what we’re seeing so far could be as explosive as any that have preceded it to date.

Q4 Earnings Bellwethers: What They Say About 2022

January performance proved to be a remarkably poor forecaster of full-year returns in 2021, as a small loss that month turned into a monster 28.5 percent gain. Investors can only hope for the same in 2022 with the S&P down around -9 percent year to date.

Energy stocks have so far been notable exceptions. The S&P 500 Energy Sector Index up nearly 18 percent year to date. And even long-suffering midstream energy stocks are higher, with the Alerian MLP Index’ value rising more than 9 percent even without including the massive dividends this group pays.

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  • Live Chat with

    Elliott and Roger on May. 25, 2022

  • 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