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  • Roger S. Conrad

Natural Gas Outlook and Portfolio Focus

By Elliott H. Gue on Oct. 3, 2018

The breakout of oil prices above $80 globally and $70 in North America have justifiably grabbed the headlines. But when it comes to most energy stocks, the outlook for natural gas is at least equally important to returns.

This issue of Energy and Income Advisor, we highlight current natural gas market dynamics and our near and longer-term forecast for supply, demand and prices. We then zero in on developments at several of the more natural gas heavy names in our EIA Actively Managed Portfolio and Focus List.

This issue, we’ve made several changes to our EIA coverage universes. The biggest is our MLP Ratings table has been expanded to include stocks of midstream energy companies organized as corporations.

Our move reflects recent roll-up mergers and the likelihood that more will follow. We continue to expect the vast majority of the current MLP universe to maintain their current form of organization and not to convert to corporations. And despite the largely expected offer by Dominion Energy (NYSE: D) to buy in the 39.06 percent of Dominion Midstream (NYSE: DM) it doesn’t already own, we still see little hard evidence of a coming wave of conversions and roll-ups.

Nonetheless, several large companies have elected to change structure. Shifting to a broader energy midstream coverage universe will allow us to resume coverage now of Kinder Morgan Inc (NYSE: KMI), ONEOK Inc (NYSE: OKE) and Williams Companies (NYSE: WMB). We’re also picking up coverage of the super major oil companies highlighted in the previous issue.

Finally, we’d like to once again thank EIA readers who participated in the subscribers-only on-line chat we hosted September 27. The complete transcript of all questions and answers is now posted on the EIA website. We host these events monthly and strongly encourage everyone to contribute their questions and feedback.

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.

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    • 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