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Roger S. Conrad needs no introduction to individual and professional investors, many of whom have profited from his decades of experience uncovering the best dividend-paying stocks for accumulating sustainable wealth.

Roger built his reputation with Utility Forecaster, a publication he founded more than 20 years ago that The Hulbert Financial Digest routinely ranked as one of the best investment newsletters. He’s also a sought-after expert on master limited partnerships (MLP) and former Canadian royalty trusts.

In April 2013, Roger reunited with his long-time friend and colleague, Elliott Gue, becoming co-editor of Energy & Income Advisor, a semimonthly online newsletter that’s dedicated to uncovering the most profitable opportunities in the energy sector.

Although the masthead may have changed, readers can count on Roger to deliver the same high-quality analysis and rational assessment of the best dividend-paying utilities, MLPs and dividend-paying Canadian energy names.

Articles

Dominion Energy: Beyond the Scana Merger

By Roger S. Conrad on Dec. 15, 2018
This week, Dominion Energy (NYSE: D) is set to reap the reward for its bold takeover of Scana Corp (NYSE:SCG) as the South Carolina Public Service Commission has approved the merger.

Utility Stocks Hold the Line, But Beware High Valuations!

By Roger S. Conrad on Dec. 10, 2018
So far in fourth quarter 2018, the Dow Jones Utility Average has returned 5.4 percent. That’s against a -9.3 percent loss by the S&P 500. Utilities are also now well ahead for the full year, after lagging behind for most of it. I’m not surprised money is flowing into essential service companies, given the level of investor fear of a potential recession, bear market and US/China trade war. And utilities’ strong third quarter results, which I again highlight in the Utility Report Card, confirm their businesses will hold up again if the worst does happen. On the other hand, this is a world where stock market ownership has been increasingly concentrated into fewer hands. In this case, it’s giant exchange traded funds that are managed by passive strategies, governed by what appear to be remarkably similar algorithms. That means a lot of money moves in a hurry, and not always for good reason. Favorite stocks like NextEra Energy (NYSE: NEE), for example, have been driven relentlessly higher to nosebleed valuations. Meanwhile, “risk off” moves have tanked most high yielders, most recently Amerigas Partners (NYSE: APU).

ONEOK Inc: High Growth Midstream in the Sweet Spot

By Roger S. Conrad on Dec. 10, 2018
In little more than a decade, shale-drilling technology has converted the US to a net exporter of energy. And frac water recycling, more efficient proppants and use of information technology continue to drive down costs, increasing industry staying power.

Dominion Energy Gets Ready to Roll

By Roger S. Conrad on Dec. 10, 2018
It’s been an up and down 2018 so far for Conservative Holding Dominion Energy (NYSE: D). Downside began shortly after New Year’s, following a daring takeover bid for SCANA Corp (NYSE: SCG). That was just as South Carolina regulators and legislators were turning utilities into election year punching bags for cancelling the Summer nuclear construction project.

Flight to Quality Shifts Risks

By Roger S. Conrad on Dec. 10, 2018
It’s “risk off” time again in the US stock market. Stocks of companies considered resistant to US/China trade war pressures and a possible recession are catching bids at their most frenetic pace in two years.

Approaching Dividend Cuts Will Bring Clarity

By Roger S. Conrad on Dec. 10, 2018
Dominion Energy (NYSE: D) reached a “definitive merger agreement” to buy out minority unitholders in its Dominion Midstream Partners (NYSE: DM) affiliate. The final terms reduce the effective distribution cut in the first year of the deal to a bit less than 15 percent. That includes the additional distribution payment of 36.9 cents and Dominion Energy’s expected 10 percent dividend increase in January.

Electric Utilities Face the New Abnormal

By Roger S. Conrad on Nov. 18, 2018
California's historic Camp Fire, so far has claimed more than 60 lives, and estimates of damage to property are in already in the tens of billions. With super-dry conditions in the west and hurricanes in the east recurring more frequently," US utilities now face an increasing challenge ensuring grid resiliency and safety in a new abnormal of violent weather.

Inside EEI 2018: Post-Conference Report

By Roger S. Conrad on Nov. 16, 2018
Every year about this time, I attend the Edison Electric Institute’s Annual Financial Conference. It’s an invaluable opportunity to gain investing insights from unmatched access to industry executives, vendors, credit raters and institutional analysts.

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ABOUT ROGER CONRAD

Roger S. Conrad needs no introduction to individual and professional investors, many of whom have profited from his decades of experience uncovering the best dividend-paying stocks for accumulating sustainable wealth. Roger b