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  • Roger S. Conrad

Feature Article

Endangered Dividends List

There were no dividend cuts announced in our coverage universes since the previous issue of Energy and Income Advisor. That’s because declaration dates for winter payouts aren’t until next month. But there is growing reason to expect far fewer reductions this year than in 2020, or in fact any year since oil prices first broke under $100 per barrel for the cycle back in mid-2014.

Portfolio: From the Bottom Up

Brookfield Renewable Corporation (NYSE: BEPC)—the C-Corp spinoff of Brookfield Renewable Energy Partners (NYSE: BEP)—has returned nearly 110 percent since hitting the market on July 24. That pairs with the more than 70 percent return in Brookfield’s limited partnership units.

New Picks for Big Gains

One of the simplest ways to monitor the health of the global oil market is to watch the shape of the oil futures curve. Since the end of October, we’ve seen one of the fastest and most dramatic shifts in the futures curve in the past 20 years.

Endangered Dividends List

There have been no additional dividend cuts in our Energy and Income Advisor coverage universe since the previous issue posted. Unfortunately, that’s the result of being in between quarterly earnings reporting and dividend declaration dates, rather than any real signs of strength from the companies on our list.

We have become more confident in the ability of several EDL companies to hold payouts level in 2021. That’s induced us to upgrade them to buys, despite remaining risk.

Portfolio: Surveying November Gains and a Tax Loss Strategy

Despite backing off about 7 percent on the last day of the month, shares of Concho Resources (NYSE: CXO) finished November up nearly 40 percent from where they started. The rally followed a solid Q3 earnings report in late October, which was released about a week after the announcement that ConocoPhillips (NYSE: COP) would acquire the company at the ratio of 1.46 COP per share of CXO.

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    Elliott and Roger on May. 26, 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