EOG

The Best Years Are Ahead

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By Brian Nelson, CFA — The wind is at our backs. — The Federal Reserve, Treasury, and regulatory bodies of the U.S. may have no choice but to keep U.S. markets moving higher. The likelihood of the S&P 500 reaching 2,000 ever again seems remote, and I would not be surprised to see 5,000 on the S&P 500 before we see 2,500-3,000, if the latter may be in the cards. The S&P 500 is trading at ~4,100 at the time of this writing. — The high end of our fair value range on the S&P 500 remains just shy of 4,000, but I foresee a massive shift in long-term capital out of traditional bonds into equities this decade (and markets … Read more

Valuentum Exclusive Yearly Round Up

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Select the following link to access the Annual Exclusive Call. Select HERE to Access the Exclusive Call Recording ———- Transcript Provided Below. President of Investment Research Brian Nelson: Ladies and Gentlemen, Thank you for your attendance. Today marks three years since we first launched the Exclusive publication. The Exclusive is our premiere offering for sophisticated investors and builds upon our successes of the past, not only in establishing one of the first methodologies that successfully blends enterprise valuation with behavioral valuation and technical and momentum indicators, but also in making such a process available to individuals, financial advisors and institutional investors in full transparency. The Exclusive publication is in many ways an extension of the strong performance of both the … Read more

ICYMI — Video: Will Hasty Policy Facilitate the Next Leg Down, or Do We Have It Coming Anyway?

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President of Investment Research and award-winning author of Value Trap: Theory of Universal Valuation Brian Nelson explains how US policymakers are stuck between a rock and a hard place, and how the market may be factoring in too high of a probability of a return to normalcy before 2021. This and more in the latest video report. Summary Make sure you review Value Trap on Amazon. Do so here. We think those that bought equities near the bottom of this swoon may be looking to take profits at present levels. The market is currently reflecting an 80%-85% probability of a return to normalcy before 2021, which we believe is too high at this time. Our main concern is that government … Read more

Dividend Increases/Decreases for the Week of November 8

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Below we provide a list of firms that raised their dividends during the week ending November 8. The dividend reports of covered firms on this list will be updated shortly with the new information. To access our dividend reports use the ‘Symbol’ search box in our website header. Firms Raising Their Dividends This Week                          Air Lease (AL): now $0.22 per share quarterly dividend, was $0.21. Aker BP (AKRBF): now $0.600 per share quarterly dividend, was $0.174. American Financial (AFG): now $4.00 per share special dividend, was $0.80. Arch Capital (ACGL): now $5.00 per share special dividend. Artesian Resources (ARTNA): now $0.3014 per share quarterly dividend, was $0.2955. Atmos Energy (ATO): now $0.87 per share quarterly dividend, was $0.81. … Read more

Chevron’s Promising Cash Flow Growth Outlook

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Image Source: Chevron Corporation – May 2021 IR Presentation By Callum Turcan The outlook for the global energy complex is bright and getting brighter as public health authorities utilize widespread coronavirus (‘COVID-19’) vaccine distribution efforts to put an end to the pandemic. We added shares of Chevron Corporation (CVX) to the Best Ideas Newsletter and Dividend Growth Newsletter portfolios on June 27 (link here) in order to gain exposure to the ongoing recovery in the global energy complex via a high-quality integrated oil major. Shares of CVX yield ~5.1% as of this writing. Asset Overview Chevron’s collection of upstream assets (involved in the extraction of raw energy resources from the ground) includes operations all over the world with some notable … Read more

Newsletter Portfolio Idea Chevron Focused on Returning Cash to Shareholders

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Image Shown: Newsletter portfolio idea Chevron Corporation is very shareholder friendly. We view its capital allocation priorities quite favorably. Image Source: Chevron Corporation – May 2022 IR Presentation By Callum Turcan Our newsletter portfolios remain overweight energy names as these companies are well-positioned to ride out inflationary pressures and geopolitical turbulence while generating substantial free cash flows and returning “gobs” of cash to shareholders. We include Chevron Corporation (CVX) in our Best Ideas Newsletter, Dividend Growth Newsletter, and High Yield Dividend Newsletter portfolios as the firm has placed a great emphasis on keeping its capital expenditures contained, improving its cost structure, and cutting down on its debt load while returning “gobs” of cash to shareholders. Financial Overview At the end … Read more

Dividend Increases/Decreases for the Week of November 4

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Below we provide a list of firms that raised their dividends during the week ending November 4. The dividend reports of covered firms on this list will be updated shortly with the new information. To access our dividend reports use the ‘Symbol’ search box in our website header. Firms Raising Their Dividends This Week                Air Lease (AL): now $0.20 per share quarterly dividend, was $0.18. Amcor (AMCR): now $0.1225 per share quarterly dividend, was $0.1200. American Financial (AFG): now $2.00 per share special dividend, was $0.63. AmerisourceBergen (ABC): now $0.485 per share quarterly dividend, was $0.460. Arbor Realty Trust (ABR): now $0.40 per share quarterly dividend, was $0.39. ARC Resources (ARX:CA): now CAD 0.15 per share quarterly dividend, was … Read more

Black Gold! Crude Oil Prices Leap to ~$50

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Key Takeaways: After being negative throughout much of the collapse in energy resource prices during 2014-2015, Valuentum has been market-neutral on the energy sector since October of last year, and the newsletter portfolios have participated in the bounce in energy shares from January 2016 via the Energy Select Sector SPDR (XLE). The Dividend Cushion ratio, which is a forward-looking cash-flow based metric of dividend health, flagged the risk of every dividend cut, without fail, in the Independent Oil & Gas industry in advance of the event: Anadarko (APC), Cenovus (CVE), Cimarex (XEC), Devon Energy (DVN), Noble Energy (NBL), and Range Resources (RRC). We’ll walk through the degree of capital cuts across the Independent Oil & Gas industry, the group’s efforts … Read more

ExxonMobil’s Great Earnings Report and Promising Growth Outlook

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Image Shown: An overview of ExxonMobil Corporation’s strategy to generate shareholder value going forward. Image Source: ExxonMobil Corporation – Second Quarter of 2021 Earnings IR Presentation By Callum Turcan We added shares of ExxonMobil Corporation (XOM) as an idea to both the Best Ideas Newsletter and Dividend Growth Newsletter portfolios back on June 27 (link here) to gain greater exposure to the ongoing recovery in the global energy complex. On a day-to-day, month-to-month basis, raw energy resources pricing (crude oil, natural gas, and natural gas liquids) will bounce around (commodity prices are inherently volatile). However, what we have been interested in the most is the sharp recovery seen in raw energy resources pricing since the start of 2021. That includes … Read more

Big Energy Earnings Roundup

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Image Source: Exxon Mobil Corporation – Third Quarter 2019 Earnings Presentation By Callum Turcan In alphabetical order by ticker: COP, CVX, RDS, TOT, XOM ConocoPhillips On October 29, upstream super-independent ConocoPhillips (COP) reported third quarter earnings for 2019. Its adjusted underlying oil and gas output rose by 7% year-over-year to over 1.3 million BOE/d in the quarter. Conoco sold off most of its UK operations (through a deal announced in April 2019), which were primarily represented by mature offshore oil and gas fields and a stake in the Clair oilfield, raising approximately $2.2 billion in net cash proceeds when the deal was completed in the third quarter. That transaction will see Conoco’s upstream output move lower sequentially in the fourth … Read more