Upstream Update
We revisit four legacy upstream holdings and reassess their current appeal and upside potential in a market where energy prices remain lower for longer.
Upstream Takeover Targets
Some of the biggest winners from mergers and acquisitions activity in the US upstream space have been the acquirers. Deal flow will continue to focus on assets and private-equity outfits monetizing their investments. We prefer names with solid balance sheets and exposure to franchise assets with low production costs; these names will continue to take market share, outperform their and grow their inventories of potential drilling locations.
Big Time
Our favorite integrated oil companies’ bulletproof balance sheets are huge advantages in an environment where oil prices remain lower for longer. Big Oil has endured a great deal of criticism about massive capital expenditures and limited production growth, but unlike cash-strapped producers these companies have the wherewithal to address their shortcomings.
More CAPEX, More Problems: A Survey of Big Oil
When casual investors think of the energy stocks, one of the Seven Sisters—BP (NYSE: BP) NYSE: BP), Chevron Corp (NYSE: CVX), Eni (NYSE: E), Exxon Mobil Corp (NYSE: XOM), Royal Dutch Shell (NYSE: RDS B), Statoil (NYSE: STO) and Total (NYSE: TOT)—likely springs to mind.
But these Western energy giants have come in for a great deal of criticism over the past several years, as investors lose patience with the industry’s massive capital investments and limited production growth.
Big Oil: Picks and Pans
We assess the growth prospects of the West’s seven major integrated oil companies, highlighting our favorites and the names investors would do well to avoid.
Why SeaDrill Still Rates a Sell
We dropped SeaDrill (NYSE: SDRL) from our Focus List in September 2013, when the stock had surged to $45.00 per share–more than $12.00 above the current quote. But investors who haven’t joined Energy & Income Advisor still own the stock; here’s why we currently rate SeaDrill a Sell.
Don’t Follow Warren Buffett’s Lead on ExxonMobil
Berkshire Hathaway’s massive investment in ExxonMobil Corp made headlines, but individual investors have better options.
Focus List — Less is More
We bring more focus to the Energy & Income Advisor Focus List.
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Live Chat with
Elliott and Roger on Apr. 26, 2018
Portfolios & Ratings
Model Portfolios
Balanced portfolios of energy stocks for aggressive and conservative investors.
Coverage Universe
Our take on more than 50 energy-related equities, from upstream to downstream and everything in between.
MLP Ratings
Our assessment of every energy-related master limited partnership.
International Coverage Universe
Roger Conrad’s coverage of more than 70 dividend-paying energy names.
Experts
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Roger S. Conrad
Founder and Chief Analyst: Capitalist Times and Energy & Income Advisor
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Elliott H. Gue
Founder and Chief Analyst: Capitalist Times and Energy & Income Advisor
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Peter Staas
Managing Editor: Capitalist Times and Energy & Income Advisor