Q1 earnings and guidance updates for the Model Portfolio and High Yield Energy List are now all in. The exception is contract renewable energy company Northland Power Inc (TSX: NPI, OTC: NPIFF), which has recently affirmed guidance.
Not surprisingly, all of our companies showed at least some negative impact from COVID-19 fallout, some a lot more than others. Importantly, what we saw was very much in line with our expectations. It also by and large supported the thesis that these are the companies with the resilience to survive this worst of all worlds for energy, combining a supply glut with unprecedented demand destruction to drive down prices and sector activity.
These companies’ resilience will be tested again this year, as global markets slowly and painfully come back into balance. But their solid performance so far as businesses—combined with actions to preserve capital the rest of the year—increase our confidence they will ride this out.
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 May. 28, 2020
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.