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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 Threat

By Roger S. Conrad on Sep. 12, 2016
Soft commodity prices, declining oil and gas production in some regions, counterparty risk and elevated costs of capital have threatened midstream master limited partnerships’ distributions over the past two years.

Quench Your Thirst for Yield

By Roger S. Conrad on Sep. 12, 2016
An undemanding valuation and solid growth prospects make this European utility a good buy for aggressive investors.

Calling All Income Investors

By Roger S. Conrad on Sep. 12, 2016
This Canadian telecom giant continues to generate ample free cash flow while paying a generous dividend and outspending its rivals on investments in network quality.

Utility M&A Update

By Roger S. Conrad on Sep. 7, 2016
Consolidation continues apace in the utility sector, as operators seek to take advantage of frothy stock prices to improve their economies of scale and increase their exposure to growing demand for natural gas. We update our takes on the various pending acquisitions involving the more than 200 essential-services stocks that we cover in our Utility Report Card.  

09/06/16: Blockbuster Acquisition Creates Unexpected Buying Opportunity

By Roger S. Conrad on Sep. 6, 2016
Enbridge's acquisition of Spectra Energy Corp gives savvy investors an opportunity to buy this high-quality master limited partnership.

Utilities Sell Equity at the Right Time and for the Right Reasons

By Roger S. Conrad on Aug. 26, 2016
The recent spate of equity issuance is yet another sign of frothy valuations in the utility sector, but these moves set the stage for future growth. Investors should bide their time and wait for a pullback to buy our favorite utility stocks.

An Ounce of Preparation

By Roger S. Conrad on Aug. 25, 2016
Utility stocks continue to trade at elevated valuations. We revisit our investment strategy for this environment.

Another Strong Earnings Season

By Roger S. Conrad on Aug. 14, 2016
Second-quarter earnings are in for most of the more than 200 essential-service companies in our coverage universe. You can find our analysis of these results in this month’s update to the Utility Report Card. One quarter’s results won’t make or break most companies, but this earnings season was of particular importance for two reasons. By most valuation metrics, utility stocks trade at levels not seen the early 1960s; this earnings season provided a reality check to see if the companies’ underlying fundamentals lived up to the market’s lofty expectations. Growth has also stalled out in some industries and economies this year. The past quarter’s earnings and management teams’ outlooks for the remainder of the year provide an early test of how vulnerable companies could be in a bear market or recession. The vast majority of the names that we cover continue to deliver the goods as businesses, with most meeting or exceeding their guidance. Although some companies earned higher buy targets and we feel more comfortable with some names that had landed in our doghouse, many of the stocks in our Utility Report Card trade at unsustainably high valuations. At these levels, the risk of a pullback remains elevated.

Play It Cool

By Roger S. Conrad on Aug. 13, 2016
With utility stocks trading at lofty valuations in the latter stages of a bull market, investors should exercise caution.

A Portrait of Consistency

By Roger S. Conrad on Aug. 13, 2016
Economies of scale and an experienced management team have enabled this master limited partnership to generate steady distribution growth despite huge swings in propane prices.

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