Endangered Dividends List
There have been no dividend cuts announced in our energy stock coverage universes since the previous issue of Energy and Income Advisor. Three companies, however, halted what had been consistent quarterly distribution growth.
Expect Q3 Results to Confirm Sector Values
Earnings season in the energy sector is about to get under way. And wherever companies reside on the value chain, we expect to hear a lot about investment discipline.
Halliburton Co (NYSE: HAL) will be one of the first to release numbers and update guidance on October 21. But management of the energy services giant has already signaled there will likely be a more cautious tenor to its comments, after announcing the layoff of 650 workers across the Rockies region this week.
Endangered Dividends List
Dynagas LNG Partners (NYSE: DLNG) has arranged a new $675 million credit facility with lenders to refinance a $470 million term loan and $250 million in senior notes maturing in November. The new debt deal should enable the company to continue its recovery, with six LNG tankers operating under multi-year charters.
Endangered Dividends List
Since our previous issue of Energy and Income Advisor, there have been no distribution cuts in our various coverage universes. That’s likely to have changed by mid-October, following the next round of dividend declarations by Endangered Dividends List companies.
Why We’re Still Bullish on Energy Transfer LP
What’s it going to take for Energy Transfer LP (NYSE: ET) to get a little respect?
Positioning Today for Tomorrow’s Energy Prices
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.
Endangered Dividends List
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.
Endangered Dividends List
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.
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Live Chat with
Elliott and Roger on Oct. 29, 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
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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