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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

A New Trend in Utility M&A?

By Roger S. Conrad on Jun. 23, 2017
Does Eversource Energy's recently announced acquisition of Aquarion Water mark the start of a new trend in utility mergers and acquisitions?

Revisiting our Picks and Pans for 2017

By Roger S. Conrad on Jun. 12, 2017
The January 2017 issue of Conrad’s Utility Investor highlighted our top picks and pans across the various industries covered in our Utility Report Card. Here’s an update on how these pairs have fared.

Distinguishing the Buys from the Sells

By Roger S. Conrad on Jun. 12, 2017
Despite lofty valuations in the utility sector, 16 of our Portfolio holdings still trade below our buy targets. We highlight some of our favorite opportunities for conservative and aggressive investors.

In Scale We Trust

By Roger S. Conrad on Jun. 10, 2017
Superior scale gives this propane distributor a big competitive advantage.

No Cuts, But Plenty of Risks

By Roger S. Conrad on Jun. 10, 2017
Avoid these stocks with endangered dividends.

Life after the Merger

By Roger S. Conrad on Jun. 10, 2017
A simplification transaction should put this midstream operator on the path to success.

Enjoying the Run-Up, But Preparing for the Cooldown

By Roger S. Conrad on Jun. 10, 2017
The Dow Jones Utility Average hit an all-time high this month, raising the bar of expectations to levels that will be difficult to meet, let alone beat. Investors may be in for a bit of déjà vu: The sector last reached these lofty heights in summer 2016, at which point the Dow Jones Utility Average suffered a roughly 15 percent pullback. This correction propelled our position in ProShares UltraShort Utilities (NYSE: SDP)—an exchange-traded fund that’s designed to deliver 2 times the Dow Jones US Utilities Index’s inverse daily return—to a roughly 25 percent profit. Over the past year, these gains have evaporated with the sector’s run-up. But with the Dow Jones Utility Average trading at historically unsustainable valuations, we’re comfortable holding a hedge position that will thrive when the sector inevitably reverts to the mean. Will utility stocks suffer a pullback this summer? The answer depends, to a large extent, on the direction of the US stock market, which has climbed higher while shrugging off political turmoil and middling economic growth. Most of the companies covered in our Utility Report Card will report second-quarter results in late July and early August, creating the potential for company-specific sell-offs. The Federal Reserve’s monetary policy could also give investors an excuse to take profits; however flawed, the conventional wisdom holds that rising interest rates represent a headwind for utility stocks and other dividend-paying equities. Of course, the market can always remain irrational for months—or even years. Although many of our Portfolio holdings trade above our buy targets (a high-quality problem), the market isn’t bereft of opportunities—this issue highlights some of our favorite investment ideas. That said, investors may want to consider taking a partial profit off the table in some of their highest flyers. Better buying opportunities will come again.

Final Earnings Notes for Q1

By Roger S. Conrad on Jun. 5, 2017
We take a look at the handful of Portfolio holdings that reported first-quarter results after the May issue hit the web.

On the Prowl at the MLP Association’s Annual Investor Conference

By Roger S. Conrad on May. 31, 2017
Over the past 12 months, the difference between the top and bottom performers in the Alerian MLP Infrastructure Index amounted to about 60 percentage points. Capturing this upside requires on-the-ground intelligence, which is why we attend the MLPA Association's annual investor conference every year.

05/30/17: Take the Cash

By Roger S. Conrad on May. 30, 2017
AES Corp announced the redemption of its 6.75% Series-C preferred shares.

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