After scrutinizing second-quarter results for all the companies in our International Coverage Universe, we’ve updated our comments on these names and our ratings.
This year has been much kinder of Canadian and Australian energy stocks, in part because of their home currencies have arrested their fall relative to the US dollar—a major headwind to share prices and dividends over the past two years.
Meanwhile, stabilizing oil and gas prices have enticed buyers back to the energy sector, with stronger upstream and midstream operators catching the biggest bids.
The stocks in our International Portfolio have benefited from these trends, with our conservative sleeve well in the black and a handful even trading above our buy targets.
Our aggressive picks fared the worst during the selloff late last year and in early 2016, but have rallied hard this year. Shares of Enerplus Corp (TSX: ERF, NYSE: ERF), for example, have roughly quadrupled off their low in late January 2016. ARC Resources (TSX: ARX, OTC: AETUF), Peyto Exploration & Development Corp (TSX: PEY, OTC: PEYUF) and Vermilion Energy’s (TSX: VET, NYSE: VET) stocks have almost doubled since they bottomed earlier this year.
Here are some of our key takeaways from second-quarter results and commentary from the Canadian and Australian names that we track in our International Coverage Universe.
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 Jul. 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.