Roger S. Conrad

Roger S. Conrad is editor of Utility Forecaster, the nation’s leading advisory on essential services stocks, bonds and preferred stocks. His proprietary safety rating system evaluates the prospects of every significant electric, natural gas, telecommunications and water company, including utility-based mutual funds and foreign utilities. Roger’s penchant for detailed research and his studied insights into utilities markets have garnered him a wide audience of subscribers—not to mention a bevy of industry awards for his perceptive reporting, commentary and investment advice.

He brings the same enthusiasm and intelligence to Roger Conrad’s Canadian Edge, an Internet-based publication devoted to uncovering lucrative investment opportunities in Canadian royalty trusts. Roger’s exhaustive coverage of how recent changes to Canada’s tax laws will affect these companies has earned him a reputation as one of the leading authorities on Canadian trusts. Subscribers and the national media often contact him for information on the latest economic developments and investment opportunities north of the border.

Roger is also associate editor of Personal Finance and co-editor of The New World, a subscription-based service that seeks opportunities for equity investors in the natural resource markets across the world.

He holds a bachelor’s degree from Emory University and a master’s degree in international management from the American Graduate School of International Management (Thunderbird). In addition, he is the author of Power Hungry: Strategic Investing in Telecommunications, Utilities and Other Essential Services and coauthor of The Agile Investor and Market Timing for the Nineties with Stephen Leeb. He is also an avid outdoorsman and baseball fan.

Content Posted by Roger S. Conrad

Unfolding Trust Conversions

Roger Conrad, Editor of Canadian Edge, talks about unfolding trust conversions and the market's positive view.

Alberta Wants to Compete

The new royalty regime itself is an acknowledgement that front-end investment--particularly where innovative extraction techniques are absolutely critical to success, as in the long-lived Pembina field--in conventional production often demands new technology.

3/15/10: Bird Flies High

Bird Construction Income Fund (TSX: BDT-U, OTC: BIRDF) is the 23rd distribution-paying Canadian income trust to announce a no-cut conversion. That it had the financial power to absorb new taxes was certainly no secret.

3/11/10: More Painless Conversions

As long as a producer trust has solid and undervalued assets under the ground, I’m going to stick with it, no matter what management does on the dividend. No-cut conversions, however, make the process easier and considerably more profitable in the near term.

Canada's Real Gold Medal

Canada's prudence obscures what could be an explosive upside in coming years--particularly for US-based investors who will get the added benefit of putting greenbacks to work in loonie terms.

End Game

Stronger commodity prices should keep all things Canadian on the upside in 2010. The approaching end game on trust conversions to corporations, however, will likely have the greatest influence on share prices in the near term.

Trust Conversions: Flashing Bullish

Trust conversions have not just been relatively benign for investors. A growing number are actually generating windfall gains.

Solid Ener-Prises

Enerplus is Canada’s oldest income trust, and management fought as hard as anyone to keep the sector’s favorable tax laws in place. The affirmation of its dividend in the face of new taxes is further proof that, although the laws have changed, Enerplus’ pro-investor policies will endure.

The Canadian Edge

The relative strength of the Canadian economy is reflected in the generally solid fourth-quarter and full-year 2009 earnings numbers being put up by our Canadian Edge Portfolio Holdings.

Yellow, Davis + Henderson and 2011

For the first time in quite a while, no How They Rate companies were forced to cut distributions due to weakening businesses.