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

Portfolio: New Energy Upcycle Still in the Early Stages

By Elliott H. Gue on Apr. 1, 2021

In the feature article of our last issue, “The View from $60 Plus Oil,” we outlined our constructive outlook for crude oil prices based on three primary drivers: Recovering global demand, continued supply discipline from OPEC+ and restrained growth from the US shale producers.

While front-month West Texas Intermediate futures prices pulled back as much as 12.6% from their closing highs in early March to their late March closing low, out outlook remains largely unchanged.

We view the recent commodity price pullback as normal volatility – trading noise – rather than the symptom of some deterioration in the fundamentals. Moreover, speculative long positions in the WTI and Brent futures market had become somewhat stretched in February:

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 Oct. 28, 2021

  • 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.

    Experts

    • 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