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.
Endangered Dividends List
As we’ve pointed out, most companies were quite proactive last year adjusting to the impact of the pandemic on energy demand. And with benchmark North American oil prices pushing toward $60 a barrel this month, it’s a fair bet management teams’ confidence has increased that current dividend levels can hold.
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.
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?
Endangered Dividends List
Sometimes, the best news is no news. That’s the case so far with the latest round of dividend declarations, with zero Energy and Income Advisor coverage universe companies announcing payout cuts.
Portfolio: Numbers and Guidance from Our First Four
Four Model Portfolio companies have released their Q4 numbers and updated guidance for 2021 so far: Services giant Schlumberger Ltd (NYSE: SLB) highlighted in the Feature article, technology firm Texas Instruments (NYSE: TXN) and midstream companies Hess Midstream Corp (NYSE: HESM) and Kinder Morgan Inc (NYSE: KMI).
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.
Endangered Dividends List
There were no dividend cuts announced in our coverage universes since the previous issue of Energy and Income Advisor.
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.
Feature Roundtable: Our Outlook for 2021
What development from 2020 will have the greatest impact on energy returns in 2021? The big oil collapse in Q2 2020 is the key development this year that’s completely reset the supply equation for 2021 and beyond.
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