Joe Gemino
Joe Gemino, CPA, is a senior equity analyst for Morningstar.
Latest
New Permit Moves Keystone XL Forward
Our fair value estimates for TransCanada and Enbridge are unchanged.
Enbridge Hikes Dividend, Remains Deeply Undervalued
It has a wide moat and an attractive yield, and now's the time to invest.
Energy: Oil Prices Remain Unsustainably High, With U.S. Shale Growth Still Looming
The market continues to underestimate the capacity of the shale industry to eventually throw oil markets back into oversupply.
Enbridge Is a Rare Triple Threat
Enbridge is seeking to acquire all public shares of its remaining sponsored vehicles--and we like the move.
Cenovus Sells Assets, Still A Bargain
We think this is a good move for Cenovus because we don’t ascribe much value to its non-oil sands exploration and development assets.
Strong Quarter for Undervalued Enbridge
We are maintaining our fair value estimates and wide moat rating for the firm.
Energy: Despite Geopolitical Wildcards, the Reckoning Is Still Coming for U.S. Shale Producers
The longer the delay, the worse the supply onslaught becomes.
Concerns About Enbridge's Dividend Are Overblown
The wide-moat company is on course to boost its dividend and offers hefty upside.
What the Market's Missing on TransCanada
The company offers a compelling midstream opportunity and a strong dividend yield.
Energy: Looming U.S. Shale Supply Should Temper Optimism
Huge output decline boosts near-term fundamentals, but lofty prices likely to trigger dangerous shale growth later.
Cenovus Is a Steal
We think the market is overreacting to the news of lower first-quarter production.
Enbridge's Growth Portfolio Is Underappreciated
And the company continues to reward investors with annual dividend growth.
Energy: A False Sense of Security for Oil Markets
The inevitable resumption of production growth in the U.S., coupled with expansion in Libya and Nigeria, will likely nudge crude stockpiles higher again in 2018.
Energy: All Roads Point to Oversupply in 2018
Nothing is certain in the world of oil, but a crude awakening for energy investors could be near.
Energy: Despite OPEC Cuts, a Crude Awakening Is Near at Hand
OPEC output cut extensions don't appear to be enough to balance the oil market.
The Market Is Missing Cenovus' Potential
The company's not getting enough credit for its SAP technology cost reductions and conventional production growth.
Energy: Coming Shale Growth a Major Threat to Oil Prices
Rapid U.S. production growth is looming and puts the nascent oil price recovery at risk.
Despite Trump Approval, Hurdles Remain for TransCanada
The narrow-moat firm's Keystone XL project still faces several obstacles.
Canadian Natural Resources Gets Bargain With AOSP Deal
The market isn't giving the company enough credit for the recent acquisition.
Oil Sands Producers Set to Become More Competitive
Next-generation solvent technology is lowering costs, and the long-term impact could be immense.
Energy: OPEC Adds a Plot Twist, but Ending Is Unchanged
Improved near-term fundamentals come at a cost.
Energy: Rally in the Works, but It Won't Last Long
We expect a medium-term oil price rally in 2018 but remain bearish on long-term oil prices.
Spectra Deal Fortifies Enbridge
The deal allows the wide-moat energy company to diversify its operations toward natural gas while protecting its dividend growth.