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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

Portfolio: Highlights from the Data Deluge

Results from the Portfolio and High Yield Energy List companies are now all in. The most important takeaways are all of our recommended companies are executing on conservative business plans and their dividends are safe and well covered with cash flow. They’re also fully adjusted to the current stage of the energy price cycle, and increasingly well position to capitalize on the recovery we see unfolding the next several years.

Energy Earnings: Few Surprises But Good Ones

Last year, energy investors faced a perfect storm. Demand for refined products collapsed in the face of measures to contain an historic pandemic, at the same time producers abruptly began to prioritize free cash flow over output.

The result was a business meltdown for all but a handful of best in class companies. And even they were forced to dramatically shift strategy, as plunging share prices and pressured credit ratings all but cut them off from capital markets on reasonable terms.

This year is shaping up as a far different animal. Even sector leaders like Portfolio members Enterprise Products Partners (NYSE: EPD), Pioneer Natural Resources (NYSE: PXD) and Schlumberger Ltd (NYSE: SLB) still haven’t made it back to pre-pandemic levels. But we have seen some very impressive gains across the board off the late October 2020 lows. And that price momentum has accelerated so far in 2021.

Energy Bull Market: Positioning for the Next Phase

The nearly five-month long rally in energy stocks has taken a well-earned pause.

After racing to a nearly 90 percent return since Halloween 2020, the diversified S&P 500 Energy Sector Index has backed off a little less than 7 percent from the 52-week high. The midstream focused Alerian MLP Index has given back about 5 percent of its nearly 60 percent jump. And the S&P Oil & Gas Exploration Index is off about 6 percent after a more than 120 percent leap.

Despite their gains the past few months, many energy stocks up and down the value chain still trade in a lower range than they did the last time crude oil held above $50 a barrel, or natural gas was at $2 per million British Thermal Units for an extended period. And share prices are well below levels typical of the last time we saw $60 oil or $2.50 gas.

Feature: The View from the North

It’s been almost two years since we published a major feature piece on Canada’s energy sector: A Q&A that focused on Australian companies as well. And over that time, much of our coverage universe in both countries of producers, drillers, midstream service providers and even downstream companies have rated sells.

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  • Live Chat with

    Elliott and Roger on Oct. 28, 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

    • 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