06/27/14: Good Stocks on the Rise
We review some of the emerging themes in Canada and Australia’s energy industries, raise our buy targets on several names in our International Portfolio and swap one laggard for a long-term winner that could benefit from a near-term upside catalyst.
Trusts, Popular and Unpopular
Here’s our take on a handful of royalty trusts about which readers often ask.
Pacific Coast Royalty Trust: Under the Hood
Pacific Coast Royalty Trust is the only trust in our Model Portfolios for a reason.
Staying Focused
In the previous issue of Energy & Income Advisor, we reviewed the performance of our Focus List in the second quarter and the first half of 2013 and made a few changes, swapping out shares of marine-seismic provider Petroleum Geo-Services (Oslo: PGS, OTC: PGSVY) and small-cap contract driller Pacific Drilling (NYSE: PACD). Our high-grading of the Focus List continues.
04/26/13: Trust Update
After yesterday’s close, SandRidge Permian Trust (NYSE: PER) and SandRidge Mississippian Trust II (NYSE: SDR) announced their quarterly distributions for the three months ended Feb. 28, 2013.
Royalty Trusts and the Affective Fallacy
Disappointing well results from Chesapeake Granite Wash Trust (NYSE: CHKR) have shaken investors’ confidence in the structure, leading to selling pressure in units of other oil and gas trusts.
Trust Test: Updating Our Valuation Models
We update our valuation models to reflect the fourth-quarter production and distributions announced by the two oil and gas royalty trusts in our Focus List.
02/05/13: Trust Update
Disappointing results have different implications for the two oil and gas royalty trusts in our Focus List.
A Deep Dive into SandRidge Permian Trust
We update our valuation model for SandRidge Permian Basin Trust (NYSE: PER) to reflect our current outlook for commodity prices, drilling activity and production attributable to the trust. We also explore other risk factors that will drive the stock price in the near term.
Trusts and Hedges
There remains a great deal of confusion and misinformation about US trusts and how to value these securities.This misunderstanding often leads to mispricing, giving savvy investors opportunities to buy high-quality royalty trusts at attractive valuations and elevated yields. No two royalty trusts are alike, so investors who sort through filings and quarterly reports can identify the best values.
At the same time, unwary investors who gravitate toward the highest-yielding names with little regard for underlying fundamentals can and will get burned.
We prefer names that are in the early stages of their life spans and have the potential to grow their distributions in the near term.
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Live Chat with
Elliott and Roger on Aug. 27, 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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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