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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

Fortum Cuts, Southwest Gas Warns

By Roger S. Conrad on Mar. 10, 2023

Fortum OYJ (Finland: FORTUM, OTC: FOJCF) is breaking its annual dividend for calendar 2023 into two semi-annual payments for April and October. The total of 91 Euro cents is an effective 20 percent cut from 2022’s annual payment of EUR1.14 per share. Management telegraphed a reduction late last year, when the largesse of the German government allowed it to escape the meltdown of Uniper SE. The company ultimately exited the power generation company and energy retailer it had spent years pursuing with a loss of roughly EUR6 billion.

Real Answers to Your Renewable Energy Questions

By Roger S. Conrad on Mar. 10, 2023

No doubt about it: The so-called culture war has spread to energy. And as a result, pretty much everyone has an opinion on complex challenges that have historically been left to engineers, physicists and finance guys. The inevitable result: There are literally voices attacking every available energy resource. And from the basic economics of various energy sources to environmental impact it’s all seemingly up for debate.

Southern Company’s Dream Deferred: Does Nuclear Have A Future?

By Roger S. Conrad on Feb. 22, 2023
Southern Company (NYSE: SO) has deflated investor hopes yet again, announcing it would postpone the startup of the first of two nuclear reactors under construction at the Vogtle site in Georgia.

Four More Report Q4: Here’s What You Need to Know

By Roger S. Conrad on Feb. 15, 2023

Four more Conrad’s Utility Investor portfolio companies have now reported their Q4 results and updated guidance and all of them generally affirmed longer-term earnings growth guidance.

The Best Surprise is None for 2023 Guidance

By Roger S. Conrad on Feb. 11, 2023
Thursday, I posted the February issue of Conrad’s Utility Investor. Since then, a trio of portfolio companies have reported Q4 results and updated their 2023 guidance. The best news for all three recommendations was a lack of meaningful surprises.

Looking Abroad for Utility Values

By Roger S. Conrad on Feb. 9, 2023

The S&P 500’s nearly 9 percent year-to-date return and the resilient labor market are raising hopes the US will avoid a recession and deeper slide for stocks this year. I’m not entirely convinced.

Inflation remains untamed and the Federal Reserve will keep pushing interest rates higher to rein it in. And Q1 results we’ve seen so far show pressure on earnings, including some essential services companies.

America Movil: High Percentage Bet on Emerging Markets with a Big Dividend

By Roger S. Conrad on Feb. 9, 2023

Mexico’s Peso is up almost 9 percent against the US dollar since the beginning of 2022. That’s as the US Dollar Index (DXY) is up 8 percent, and has gained even more against the Euro and other developed world currencies. The Peso’s strength has made Aggressive Holding America Movil (Mexico: AMXL, NYSE: AMX) a sector outperformer over the past year.

TC Energy: Quality Infrastructure on the Cheap

By Roger S. Conrad on Feb. 9, 2023

Major infrastructure projects are vulnerable to big cost increases in inflationary times. So while disappointing, TC Energy’s (TSX: TRP, NYSE: TRP) announcement this month of a 30 percent increase in construction costs for its Coastal GasLink natural gas pipeline is hardly surprising.

Seven Takeaways from 2023’s Grand Opening

By Roger S. Conrad on Feb. 9, 2023

There’s nothing like a solid start to the year to get investors excited for what’s to come. Some use January’s results as a benchmark, others the first six weeks of the year. But whatever the gauge, at this point it looks like the S&P 500 is off to one of its better beginnings in 2023.

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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