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  • Roger S. 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 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

Utility Earnings and the Burden of High Expectations

By Roger S. Conrad on Nov. 11, 2019

It was another strong quarter for the nearly 200 essential service companies in our Utility Report Card coverage universe. Of the 95 percent or so reporting so far, only a handful of small telecoms failed to demonstrate underlying business strength.

My number one rule in any environment is to avoid stocks and bonds of companies with weakening underlying businesses. If things are going poorly now, how bad will they get when the economy really slows and/or the cost of capital rises?

Aggressive Hoding Suburban Propane Partners (NYSE: SPH) has yet to report its fiscal fourth quarter. But each of the 38 other CUI Portfolio recommendations reported numbers that either met or beat management’s previous guidance.

Atlantica Yield Plc: Building Growth and Sharing it

By Roger S. Conrad on Nov. 11, 2019

Roughly four years ago, Atlantica Yield’s (NSDQ: AY) largest shareholder Abengoa SA (Spain: ABG) filed bankruptcy. The move restricted cash flows from facilities the pair held in common. And as a result, the yieldco was forced to suspend dividends until September 2016, when it resumed at a quarterly rate that was barely one-third the former payout.

Big Midstream for Growth and Income

By Roger S. Conrad on Nov. 11, 2019

Sustainability worries about North American shale oil and gas production, governance concerns and an ugly half-decade of dividend cuts convinced many investors to flee the midstream energy sector and never look back.

Earnings Point to Opportunity

By Roger S. Conrad on Nov. 11, 2019

US/China trade deal optimism has gained steam this month. That’s pushed up the yield on the 10-year Treasury bond to its highest level since late July. And the result has been a mini-sector rotation out of many dividend-paying stocks.

Deutsche Telekom Cuts But Real Danger Lies Elsewhere

By Roger S. Conrad on Nov. 11, 2019

Deutsche Telekom (Germany: DTE, OTC: DTEGY) cut in its annual dividend to 60 Euro cents, from last year’s 70 Euro cents rate. The move surprised us because business is good.

Utilities: The State of Regulation

By Roger S. Conrad on Nov. 11, 2019

Elections have consequences. And that goes double when you operate a heavily regulated essential services business.

For most US states and localities, 2019 has been an off year with few contested races to bring voters to the polls.

There’s Still Time to Buy Telecom’s Big Three

By Roger S. Conrad on Oct. 28, 2019

The key takeaway from third-quarter results: The Big Three of US communications are still building wealth and selling cheaply.

10/27/19 Sell PG&E Inc.

By Roger S. Conrad on Oct. 27, 2019

NextEra Rolls On, But at a High Price

By Roger S. Conrad on Oct. 23, 2019

Is NextEra Energy (NYSE: NEE) really worth 27.3 times its next 12 months’ expected earnings? Enough investors seem to think so as shares hit a new all-time this week near $240.

Kinder Delivers in Q3, Other Midstream May Not

By Roger S. Conrad on Oct. 22, 2019

What we learn from sector-wide trends is not just key to investing in Kinder Morgan Inc (NYSE: KMI), but to the entire North American energy midstream sector.

MODEL PORTFOLIOS & RATINGS

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