• Twitter
Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
  • Roger S. Conrad

Checking Up But Not Checking Out

By Elliott H. Gue on Feb. 9, 2013

There remains a great deal of confusion and misinformation about US trusts and how to value these securities.This misunderstanding often leads to mispricing, giving savvy investors opportunities to buy high-quality royalty trusts at attractive valuations and elevated yields. 

The two royalty trusts in our Focus List pulled back after announcing disappointing production and distribution numbers. Although we anticipated SandRidge Permian Trust’s (NYSE: PER) fourth-quarter hiccup, SandRidge Mississippian Trust II’s (NYSE: SDR) shortfall came as a surprise. In this issue, we update our valuation models and buy targets for both stocks.

We also do a deep dive into our favorite capital equipment company’s fourth-quarter and full-year results and revisit our investment thesis for the stock–a name that stands at the nexus of a number of growth trends related to the end of easy oil.

Energy & Income Advisor

Your complete guide to energy investing, from growth stocks to high-yielders.

In October 2012, renowned energy expert Elliott Gue launched the Energy & Income Advisor, a twice-monthly investment advisory that's dedicated to unearthing the most profitable opportunities in the sector, from growth stocks to high-yielding utilities, royalty trusts and master limited partnerships.

Subscribe today to receive a sample issue of EIA
  • Live Chat with

    Elliott and Roger on Jun. 29, 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.


    • 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