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.
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.
Elliott and Roger on Jan. 29, 2021
Balanced portfolios of energy stocks for aggressive and conservative investors.
Our take on more than 50 energy-related equities, from upstream to downstream and everything in between.
Our assessment of every energy-related master limited partnership.
Roger Conrad’s coverage of more than 70 dividend-paying energy names.