Macro issues will continue to drive stock prices in the energy sector until second-quarter earnings season gets into full swing. Here are two short plays to hedge your portfolio.

Recent volatility in shares of Frontier Communications (NYSE: FTR) has more to do with technical factors than the fundamental strength of the underlying business.

Frontier Communications’ (NYSE: FTR) purchase of rural phone lines from Verizon Communications (NYSE: VZ) was met with skepticism and a 20 percent decline for its stock. But experienced management is poised to make the deal work for shareholders.

A lot of bad news is priced into the stock of Exelon Corp (NYSE: EXC)–too much, in fact. Now’s the time to pick up this high-quality power producer at a steep discount.

BP’s (NYSE: BP) spill in the Gulf of Mexico will constrain the Super Oil’s ability to pay a dividend at least until 2011. Risk-takers may have something here, but income seekers are better off elsewhere.

A mid-June vote by the FCC sets the regulatory agency on a potential collision course with Internet heavyweights AT&T (NYSE: T), Verizon Communications (NYSE: VZ) and Comcast (NSDQ: CMCSA), Congress and the federal courts.

Plenty of market pundits have declared the death of “buy and hold.” Recent experience reminds us that sticking with solid companies for the long haul is the best way to build and maintain wealth.

Fear-driven selling has left this collection of high-quality companies yielding 7, 8 and 9 percent. Here’s the secret to chasing yield.

Tim Guinness, the London-based manager of Guinness Atkinson Global Energy (GAGEX), shares his take on the oil spill’s impact and the future of the US energy sector.

Southern Company (NYSE: SO) will use federal loan guarantees to finance two nuclear reactors on its site in Waynesboro, Georgia.