• Capitalist Times
  • Energy and Income Advisor
  • Twitter
  • 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

Resolution for 2017: Don’t Be Afraid to Buy Low

By Roger S. Conrad on Dec. 11, 2016
Buying a stock when others are selling can be just as challenging psychologically as taking a profit on an investment that seems to rally every day. However, these incremental moves can help to juice your portfolio’s returns during periods of volatility. Paying close attention to valuation worked well for us in 2016 and will again in 2017, when we’ll learn the extent to which an expansionary fiscal policy can prolong the bull market and accelerate economic growth. This month’s feature article highlights 10 trends that could drive returns for the more than 200 essential-service stocks in our coverage universe.  

Agility Test

By Roger S. Conrad on Dec. 11, 2016
Volatility defined this year’s action in utility stocks, giving agile investors an opportunity to juice their returns by buying and selling a bit more than usual.

More Midstream Cuts

By Roger S. Conrad on Dec. 11, 2016
Sunoco Logistics Partners LP's proposed acquisition of Energy Transfer Partners LP will result in a stealth distribution cut of 27 percent for the latter's unitholders. Meanwhile, Ferrellgas Partners LP slashed its payout by 81 percent. Readers who follow our Endangered Dividends List would have avoided this pain.

Thanks, Illinois!

By Roger S. Conrad on Dec. 11, 2016
A transformational deal enabled this power company to resume regular dividend growth. Now, Illinois lawmakers have granted the company zero-emission credits to ensure that its nuclear power plants in the state don't run at a loss.

Inside the Black Box

By Roger S. Conrad on Dec. 11, 2016
All business development companies are a bit of a black box, but the recent selloff in this stock reflects overdone concerns that the incoming Trump administration will pursue policies that curtail investment in renewable energy.

Deal Talk

By Roger S. Conrad on Dec. 5, 2016
We sift through the pending acquisitions involving companies in our Utility Report Card and highlight some potential takeover targets.

Big Tech and Electric Utilities Go a Courtin’

By Roger S. Conrad on Dec. 1, 2016
What does the utility sector’s budding relationship with big tech mean for investors?

11/21/16: Another Stealth Distribution Cut

By Roger S. Conrad on Nov. 21, 2016
This morning, Sunoco Logistics Partners LP announced the all-stock acquisition of Energy Transfer Partners LP--a transaction that dramatically changes the acquirer's profile and results in a 27 percent distribution cut for the target's unitholders. Here's our take.

The Correction Continues, But Don’t Blame the Election

By Roger S. Conrad on Nov. 16, 2016
The S&P 500 Utilities Index has tumbled in the wake of the 2016 election, as the conventional wisdom holds that the results were bad for utility stocks. Rising interest rates and the prospect of improved economic growth if the Trump administration delivers on its promised fiscal stimulus have given portfolio managers an excuse to rotate out of utility stocks and into cyclical fare. Unsustainably high valuations made this decision all the easier. Conrad’s Utility Investor subscribers who followed our lead over the summer and took partial profits on their big winners and added exposure to ProShares UltraShort Utilities (NYSE: SDP) should be doing reasonably well, all things considered. This exchange-traded fund, which delivers two times the Dow Jones US Utilities Index’s inverse daily performance, has rallied by about 25 percent—and we see the potential for more upside. However, the most important point to take away from this issue of Conrad’s Utility Investor is that the underlying business conditions for our favorite utilities haven’t changed. The sector remains in excellent financial shape and has its best growth prospects in decades. Unfortunately, valuations remain frothy. Election 2016 has created far more opportunity than risks for best-in-class utilities. But potential regulatory tailwinds are only one of the many factors that will drive returns going forward.  

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