• Energy and Income Advisor
  • Conrads Utility Investor
  • Capitalist Times
  • Twitter
  • Seeking Alpha
  • Roger S. Conrad

US and Canadian oil and gas producers have long coveted exports of liquefied natural gas (LNG) as a potential release valve for the domestic oversupply of natural gas, a product of the industry’s aggressive drilling in the Marcellus Shale and other prolific unconventional resource plays.

Although surging output from US shale fields enabled the US to offset declining volumes from the Gulf of Mexico and overtake Russia as the world’s leading producer of natural gas, upstream operators’ drilling success hasn’t necessarily translated into financial outperformance.

Robust production from prolific unconventional fields sent North American natural-gas prices spiraling lower, while the no-show winter of 2011-12 increased this oversupply and depressed prices even further in the first half of 2013.

Prices have recovered somewhat in the new year, thanks to robust demand for heating during the frigid 2013-14 winter. However, the price of the commodity has merely recovered to historically depressed levels from ultra-depressed levels.

Looking for arbitrage opportunities, the US oil and gas industry pushed hard for the Dept of Energy to approve increased LNG exports via specialized tankers. A quick glance at the difference between Henry Hub prices and international prices underscores the appeal of US LNG exports to companies on either side of the trade.

In this issue, we survey the push for LNG exports in North America and highlight our favorite plays on this trend, as well as some names to avoid.

Next Issue Date : May. 5, 2014View Past Issues

FREE
Energy in Pictures >>

FREE
Energy Investing Weekly >>

  • Live Chat with

    Elliott and Roger on Apr. 28, 2014

  • Portfolios & Ratings

    • Model Portfolios

      Balanced portfolios of energy stocks for aggressive and conservative investors.

    • Coverage Universe

      Our take on more than 50 energy-related equities, from upstream to downstream and everything in between.

    • MLP Ratings

      Our assessment of every energy-related master limited partnership.

    • International Coverage Universe

      Roger Conrad’s coverage of more than 70 dividend-paying energy names.

    Experts

    • Roger S. Conrad

      Founder and Chief Analyst: Capitalist Times and Energy & Income Advisor

    • Elliott H. Gue

      Founder and Chief Analyst: Capitalist Times and Energy & Income Advisor

    • Peter Staas

      Managing Editor: Capitalist Times and Energy & Income Advisor