You are viewing the chat in desktop mode. Click here to switch to mobile view.
X
Return toCapitalist Times
12/30/21 Capitalist Times Investing Live Chat
powered byJotCast
Prev Page View Full Chat
salvatore
6:47
Hi  Roger/Elliot     We appreciate your dedication and advise and wishing all of us  a  Healthy  and prosperous New Year .                                That  being said  I still own shlx , do you believe there is a reason no  internal information is being offered on the companys future .Your thoughts are highly appreciated.
AvatarRoger Conrad
6:47
The same to you Salvatore! I don't see a lot of reason to hang onto Shell Midstream--which looks more and more like a takeunder target for 68.51% owner Shell. The parent is not dropping anything down and without that there's no real hope for a lift in distributable cash flow. In fact, the partnership is unlikely to cover what it pays now this year or in 2022. The assets are valuable. But it's hard to see these shares making much headway going forward--you're much better off in one of the Model Portfolio midstreams that by contrast have big upside to a volumes recovery.
Ken in Phx
6:48
I have been a subscriber since before your were in your current form. As another year rolls around I want to thank you for the education you have provided, the excellent advice and recommendations, and especially for these chats. I have met you both in industry meetings, and you are as generous with your time and insights in that sort of venue as well. This week, Elliott's Alert on energy prices was a master class. Thank you. Thank you. Thank you. May you prosper in 2022 and beyond.
AvatarRoger Conrad
6:48
Thank you Ken!.
Tom S
6:49
Two suggestions for additions to the REIT Sheet:  GOOD and EQR.  You have been a great help to me over the years.
AvatarRoger Conrad
6:49
Thanks Tom. I actually do already cover Equity Residential (NYSE: EQR). I rate it a hold, mainly because of a very high valuation though risks are low. I will take a look at Gladstone, though as I've indicated I'm not generally high on mortgage REITs--even those making loans backing industrial properties.
Jeff
6:50
Hi Roger, thank you and Elliott for answering all my questions today.  This monthly chat is really great.  I can't believe I have been a subscriber of your service for 12 years.  Back when you were with the other publisher.  Your research has been great for all that time.  All the best  Jeff
AvatarRoger Conrad
6:50
Thanks Jeff. We really appreciate your business over all this time. Here's to a great 2022 for all of us!
AvatarRoger Conrad
7:00
Here’s one from the remaining emails:
 
Q. Seasons Greetings. Folks, may the New Year bring you peace, happiness, and prosperity. And speaking of prosperity -- I would like to hear your thoughts about Magellan Midstream Partners (NYSE: MMP). I am assuming (hoping?) that the Omicron variant and the wide suspension of airline travel are temporary phenomena and that MMP's dividend will survive unscathed. Personally, I see the current weakness in the stock as a buying opportunity
 
Second, there's a great deal of analyst talk these days about the need to have "global exposure." I subscribe to several of your services, and I have positions of many of your recommendations for utilities, telecoms, energy, and materials that are internationally oriented. I find it curious, however, that you do not seem to recommend any international agricultural stocks or industrial stocks (apart from ABB) that focus on European or Asian markets. Are closed end funds the way to play such sectors? 
And third, in your recent REIT SHEET you advise investors to "look elsewhere" rather than picking up shares of office REITS, with the exception of SL: Green Realty (NYSE: SLG). Yet, you do recommend Highwoods Properties (NYSE: HIW) as a buy <$48. Do you have additional thoughts on HIW? Also, a little while ago, you mentioned that you might add VICI Properties (NYSE: VICI) to your coverage, but I see that Gaming & Leisure (NSDQ: GLPI) is the only REIT for this niche. I'd appreciate it you would compare VICI with GLPI. Many thanks for all you do.--Jeffrey H.
 
A.Hi Jeffrey. I have talked quite a bit about Magellan and other midstreams today. They specifically do have a high exposure to refined products, including jet fuel. But so far, gasoline demand has remained very robust this holiday season, and despite the number of cancelled flights it appears to be offsetting the impact on overall volumes. I also see the current weakness as a buying opportunity though I always caution about overloading on an particular
7:01
stock.
 
Regarding global exposure outside essential services, that’s not really what we do in Conrad’s Utility Investor—or outside energy in Energy and Income Advisor. In CUI Plus, several of the companies earn substantial income outside the US—Vodafone has no US income. I’m always considering others, however. By the way, I did recommend taking our rather substantial profit on ABB in the most recent update, which posted earlier this week.
 
Finally, I am still planning to add VICI to the REIT Sheet coverage universe. I do still prefer GLPI as the smaller of the two and more likely takeover target. Thanks again for the suggestion. As for Highwoods, it’s a niche company in what I consider a key region (Atlanta/Research Triangle of NC) and it’s focused on industrial properties—not your typical “office properties” REIT.
7:04
And the last of the emailed questions:
 
Q. What is Roger's 2022 top takeover candidates that can be purchased for a premium?—Kurt C.
 
A. Hi Kurt. I haven’t yet made such a list for 2022. Look for something of this nature in an upcoming issue, though I have talked about candidates in both Conrad’s Utility Investor and The REIT Sheet recently. In any case, my main rule for takeover targets is to never buy something I wouldn’t want to own if there were no deal. So basically any company I recommend with a market capitalization of $10 billion or less could be considered a potential takeover target.
 
Andrew
7:04
Hi Roger and Elliott - I don't have a question this time, just wanted to say thank you for being such calm voices all these years and helping me and my family. I wish you and Sherry and your families a wonderful new year.
AvatarElliott Gue
7:04
Thank you so much for the kind words and for being a subscriber. Happy New Year!
D
7:07
Any insight to AY?
AvatarRoger Conrad
7:07
Atlantica Yield should give us another solid Q4 earnings report early next year and I would expect to see more mid-to-upper single digit percentage dividend growth in 2022 as the company adds more assets. I would also look for the stock--which has been flat this year I think due to a high valuation from 50% plus gains in 2020--to return to an upward trajectory, now that business growth has caught up with the price.
RBB / Robert Blum
7:09
Any general thoughts about GMRE (Global Medical / REIT) ? Also, do you have any suggestions for reliable sources regarding money/banking or economics (such as G Gammon or M Maloney). Your down-to-earth, substantive information has been deeply appreciated. And, wish you guys (+Sherry) the best for a safe and happy new year in a twisted environment. Take care.
AvatarRoger Conrad
7:09
Thank you Robert. I did answer your question on GMRE a bit earlier in the chat--basically that I prefer Medical Properties Trust (NYSE: MPW) or Alexandria REIT (NYSE: AREA). But I will take a look at including it in the next REIT Sheet. Thanks again for participating today.
AvatarRoger Conrad
7:11
Well we've come to the end of the queue for this month. Thanks again to everyone who participated. As always, we will be sending you a link to the complete transcript of all the Q&A, and it will also be posted on the EIA and CUI websites for your perusal.
Here's to a great 2022 everyone!
Connecting…