Fear Rules But Q2 Earnings Measure Up
Second quarter results and guidance updates are now all in for Actively Managed Portfolio companies. Investors fleeing energy aren’t paying attention to the mostly positive numbers and guidance we’ve highlighted. But they continue to indicate a powerful reversal higher, particularly if oil prices can hold their summer trading range of $50 to $60 a barrel.
Around the Portfolios
Fourth-quarter earnings season was anything but uneventful for some of our Portfolio holdings.
Why Kinder Morgan’s Results Matter
Midstream heavyweight Kinder Morgan (NYSE: KMI) kicked off fourth-quarter earnings season for the energy sector last week. Here are our thoughts.
Focus List Update And Noteworthy Portfolio Developments
Since its reinstatement in early December 2016, the Energy & Income Advisor Focus List has generated an average total return of 9.6 percent, outperforming the S&P 500 Energy Index’s average loss of 4.5 percent over an equivalent holding period. We dig into fourth-quarter results from companies on our Focus List and in our Model Portfolios.
Schlumberger vs Halliburton
We delve into fourth-quarter results and management commentaries from oil-field-service giants Schlumberger and Halliburton to form a complete picture of the trends playing out in North America and international markets.
Second-Quarter Earnings: Highlights from the Portfolio
Second-quarter earnings season is in full swing. We analyze the results and outlooks for a number of our Portfolio holdings that have reported.
Schlumberger and Halliburton Call the Bottom: Now What?
Schlumberger and Halliburton’s management teams called a bottom in the North American oil-field services market, but the timing, pace and magnitude of the recovery may disappoint investors.
The View from the Oil-Field Services Industry
Schlumberger’s wide-ranging earnings calls have long provided investors with useful insights into bigger-picture trends and developments affecting the energy value chain, thanks to the firm’s forthright management team and the breadth of its oil-field service offerings. In these uncertain times, investors should heed CEO Paal Kibsgaard comments on the supply-demand balance in global oil markets and the various forces pushing and pulling crude prices.
Key Takeaways from Schlumberger’s First-Quarter Earnings Call
Schlumberger’s quarterly earnings call usually includes loads of useful insights for energy investors; the company’s most recent conference call was no exception.
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Live Chat with
Elliott and Roger on Aug. 27, 2019
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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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