Canada’s Comeback
Canadian energy stocks have rallied hard with oil and gas prices, but investors should remain cautious, stick with our strategy and focus on high-quality names.
Good Bond Hunting
Although bonds lack the liquidity of equities and require more up-front capital to purchase, income-seeking investors shouldn’t overlook the opportunities in this corner of the energy market. Because bonds have a higher position in the capital structure than stock, a company usually privileges its interest payments over dividends or distributions to investors who own common shares or units.Bondholders also benefit more from dilutive equity issuance than shareholders.
The Conservative Party: A Show of Strength from Lower-Risk MLPs
Our favorite conservative MLPs posted fourth-quarter results that demonstrate their staying power and growth prospects.
MLP Equity Issuance: Past and Present
Overall equity issued by energy-focused master limited partnerships (MLP) declined by 58 percent last year; we expect this trend to continue in 2016.
MLPs: Evolution, Not Extinction
The recent wave of general partners acquiring the master limited partnerships under their auspices doesn’t reflect a fatal flaw in the structure or this relationship.
Take a Walk on the Demand Side
The opportunity in the midstream space has shifted to the demand side.
MLP Strategy Update
The recent relief rally hasn’t changed our outlook for the MLP space and investment strategy. Despite the severity of the selloff and rapidity of the recovery, even our favorite publicly traded partnerships could find themselves engulfed in another maelstrom of indiscriminate selling. Not only will squeezing out the excesses of the past take time, but a number of headline risks will continue to haunt the space over at least the next 12 months.
09/29/15: Digesting Yesterday’s Big Midstream Deal
Energy Transfer Equity LP finally prevailed in its pursuit of Williams Companies. Here’s our take.
Get out of My Dreams and into My Portfolio
There’s more pain coming for MLPs in the near term, creating a real buying opportunity for investors with a longer time horizon. To help you out, we’ve created a list of Dream Buy Prices for our favorite MLPs in an effort to take advantage of any panic that might ensue if our forecast pans out and oil prices suffer another leg down.
MLPs to Avoid
How can you tell which midstream MLPs are worth holding and which positions are worth folding?
Live Chat with
Elliott and Roger on Jun. 29, 2022
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
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Elliott H. Gue
Founder and Chief Analyst: Capitalist Times and Energy & Income Advisor
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Roger S. Conrad
Founder and Chief Analyst: Capitalist Times and Energy & Income Advisor