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  • Roger S. Conrad

Portfolio: Time for Some High Grading

By Elliott H. Gue on Mar. 3, 2020

Q4 earnings and guidance updates are now all in for EIA Actively Managed Portfolio and High Yield Energy List companies. As we pointed out in the February 20 Alert “Q4 Verdict: Our Midstream Distributions are Safe and Worth Buying,” investors in general have handed out little or no reward when companies reported good news.

Conversely, they’ve severely punished companies that posted disappointing news, though as coronavirus fears have spread the selling has extended even to companies that beat guidance as well.

The result is it’s hard to draw any conclusions from current market action about where real risk lies in the energy sector. That’s especially true when the question is dividend safety. Neither are hostile capital markets nearly as much a threat to companies’ growth and sustainability as they were in 2015-16, as companies increasingly self-finance scaled back CAPEX plans.

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  • Portfolios & Ratings

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      Balanced portfolios of energy stocks for aggressive and conservative investors.

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      Our take on more than 50 energy-related equities, from upstream to downstream and everything in between.

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      Our assessment of every energy-related master limited partnership.

    • International Coverage

      Roger Conrad’s coverage of more than 70 dividend-paying energy names.


    • 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