JotCast | August 2026 Capitalist Times Live Chat

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August 2026 Capitalist Times Live Chat

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Roger Conrad

5:47

Higher energy prices definitely help all producers. And reserves outside the Middle East are more valuable now than they were six months ago. So its bullish.

Lawman

5:48

What are the pros and cons for holding vs.elling AES?

Roger Conrad

5:48

I think the merger is going through. The main reason to hold is to collect the difference to $15 a share and additional dividends. That's still the advice in CUI.

Lawman

5:49

A marijuan REIT, IIPR, is paying a dividend of around 13%. Do you know anything about this company? Is it likely to be able to sustain this dividend?

Roger Conrad

5:49

I cover it in the REIT Sheet. The dividend has been thinly covered for about a year but management has maintained it. I think it's pricing in a cut.

Lawman

5:50

What are your thoughts on the future of nuclear? Other than CCJ, do you recommend any uranium producers such as PALAF or DNN?

Roger Conrad

5:50

Not at this time. We like nuclear long-term but there's been a great deal of hype recently. And outside of Cameco, there's not much real earnings.

Lawman

5:51

Do you like Japaneese or Eurpopean stocks in comaprison to US stocks?

Roger Conrad

5:51

Some European and Japanese stocks--particularly energy. Check out the latest issue of Energy and Income Advisor posted this week.

Alex M.

5:52

Gentlemen, what are your thoughts on some of the mortgage REITs (e.g., NLY, KREF, AGNC, TRTX, etc.) and their preferred shares as income strategies? Thanks.

Roger Conrad

5:52

I generally advise steering clear of these, despite the attractive yields. NLY did raise its dividend this year but several others have cut. it's not a stable sector. For some exceptions, check out the REIT Sheet that will go to press early next week.

shelll

5:53

Is it time to bail out of NBR with a profit or continue a roller coaster ride.

Roger Conrad

5:53

It's not a stock we hold in the EIA portfolio but producers are generally in a good place the next few years.

Maynard D

5:55

Good afternoon to all. A few weeks ago Brookfield announced that it was going to take measures to combine BEP and BEPC. I own shares in both. It will apparently require a shareholder vote. My questions about all this: 1. how do you recommend that we vote? 2. This will create a taxable event, won't it? 3. I may have missed your coverage of BEP and BEPC, but I haven't seen a profit-taking price mentioned. At what point would you consider selling either or both of them? Thank you

Roger Conrad

5:55

I recommend you vote yes to the conversion. It will not create a taxable event for either BEP or BEPC holders. And my buy-in price is 40, well above the current price.

Profit taking prices for all stocks covered in CUI are shown in the Utility Report Card table, They're shown in EIA tables as well as for the REIT Sheet.

Guest

5:57

Hi Roger: Some months ago you mentioned a possibility of PAA being acquired. 1. What circumstances would have to occur for that to happen? 2. Who could be the potential acquirers? 3. Would PAA have to stay small in capitalization (unlike MPLX)? 4. Has that likelihood changed in the last few years? Thanks.

Roger Conrad

5:57

No, despite the gains in the share price, Plains is still a small to mid-sized midstream company. The sale of the Canadian NGL assets has also simplified operations and cut debt. So I think it's more attractive than ever as a takeover.

As for who would buy, I think Enbridge is a candidate but there are others. The main thing is I don't mind owning PAA/PAGP even if no deal ever occurs.

Frank

5:58

Circling back to "Returning Cash to Shareholder through Buybacks", buybacks increase the value for remaining shareholders, debt reduction lowers interest expense, but only dividends return cash to shareholders. More shares can be issued at a later date, new debt can be taken out, but only dividend checks arrive in my mailbox (in the olden times) and cannot be taken away or reversed. Geraldine Weiss (Investment Quality Trends) had a book out called "Dividends Don't Lie". Returning cash in the form of dividends is what keeps many retired individuals solvent. I've had great success with NEM, but unless I sell shares, which I'm loathe to do, I see no lift to my cashflow. Now midstreams and Royalties make me smile

Roger Conrad

5:58

Newmont actually did raise its dividend this year. And the longer gold prices stay elevated, the more likely they'll raise again. I have taken money off the table in CUI Plus' weighting of NEM a couple times already and may do so again.

JVA

5:58

Thanks very much you guys for once again fielding readers' questions.

Roger Conrad

5:58

Thank you for joining us today.

Maynard D

6:00

If I'm looking at the most current info, your "profit taking price" for Conoco COP is $120 and the price is now $130. Chevron CVX is at its profit-taking price of $200. Devon DVN is only a few dollars away from its profit-taking price. Is it about time to sell these three or did I misunderstand something along the way? Thanks

Roger Conrad

6:00

Yes. These are good prices to take some money off the table in these stocks--depending on the size of your position. These aren't recommendations to liquidate--just pare back.

Guest

6:00

Roger: Is there any "legitimate" reason why MPLX still trades below 60 even after it has confirmed the 12.5% increase in their $4.31 distribution starting with their Nov. 2026 payout? At a new distribution of $4.85 at $60/share, that yield is 8.08%. That is magnificent. Does MLPX not get the "respect" that ET, PAA and EPD receive? I do not get it. Please explain if you are able. Thanks!!!

Roger Conrad

6:00

I think MPLX will trade at some discount to other midstreams so long as it's majority owned by Marathon Petroleum (MPC).

Don R

6:02

I'm looking for some new buy ideas on stocks that have sold off some. AVA, PEG, CEG. Also thoughts on FLNC which has sold off quite a bit. In the REIT sheet, thoughts on VMRK and MAA. What is it going to take to get GLPI to break out. Other than the big dividend it's been stuck in the 40s trading range for a few years. Any plans to cover VICI. Thank you.

Roger Conrad

6:02

I do cover VICI in REIT Sheet. I like VMRK--the union of EQR and AVB and will have more on it in the issue. Also like MAA. I think Fluence is OK for aggressive investors at the current price. Avista would be my favorite of the three utilities.

Jim T

6:03

Roger, I,m thinking of adding to AQNand VST

Roger Conrad

6:03

I think that's a good idea for both. They had solid Q2 results and are cheap.

Jim T

6:03

What are your 6 months and Long-Term outlook for Venture Global. It seems to be trading in the $12 - $14 range .

Roger Conrad

6:03

Hi Jim. Venture is getting more contracts and executing on construction. It's trading around our highest entry point. But we think it can go a lot higher so long as the company executes.

Fred

6:05

I'd like to add more International dividend stocks to my IRA but a lot of countries have onerous taxes that can't be recovered in an IRA. I know Canada and Great Britain have reciprocal agreements, but is there anyway to make that foreign tax go away in an IRA? (ie. Enel)

Roger Conrad

6:05

Hi Fred. Not really unfortunately. In fact, sometimes brokers will over withhold taxes that can be difficult to get back.

One way to look at this is just assume the tax is taken out when you look at yield. I think a number of companies are still attractive on that basis. BTW, Hong Kong stocks are not withheld as well.

Jim T

6:06

My previous message got truncated. What is your mid-term (6 mos to 1 yr) outlook for AQN and VST. Thanks for all your splendid work. Jim T.

Roger Conrad

6:06

I have a great deal more confidence giving you a 3-5 year target than a 6-12 month one. Longer term, I think VST is 200 plus and AQN is 10-12.

Al C

6:07

WELL Welltower senior housing... your comments ... PE is very high

Roger Conrad

6:07

Hi Al. I track it in REIT Sheet. My view is there are other senior housing REITs that are more attractive than WellTower at this time--higher yields and more upside.

Dan E

6:09

Hi Roger, I am considering adding either BEP or BEPC prior to their reorganization of becoming one publicly traded corporation. Which of the two would best capture the current spread between the two since each share/ unit would be traded in on a one for one basis. Thanks for your thoughts.

Roger Conrad

6:09

I would basically just buy whichever is cheaper on a given day. They're pretty closely priced so there's not nearly as much advantage to betting on closing the gap as there was just a few months ago. But they are worth the same in the share merger.

Willy

6:10

Roger, any thoughts on CTRI, a MDU spinoff? Would they not be a beneficiary of the utility build out? The stock is trending near it’s lows for the year.

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