Weekend Nov 3 2019
|
name |
symbol |
yield |
|
Alerian mlp |
AM:P |
843 |
|
Canadian Nat Resources |
CNQ |
4.49 |
|
Mesa Royalty |
MTR |
12.45 |
|
MVO Oil Trust |
MVO |
16.43 |
|
Permian Basin |
PBT |
10.91 |
|
BP Prudhoe Bay |
BPT |
28 |
See my latest weekly newspaper column in the previous post. Above is a list of Master Limited Partnerships with their current dividend yields. No those are not typos, the prices are so low that has driven the yields so high. All but CNQ are in single digits. The most conservative approach is Alerian, 73% of holdings are in ten different MLPs.
PBT has been around since 1980.
Here is a monthly chart all the way back to the $140 price of oil and then its crash levels.AS you can see the price is now close to the 2009 and 2016 crash level. This pretty well sums up why I think this is a likely low.
xes
Okay the monthly chart has not turned up yet but..
Halliburton
The August low was followed by two inside m months.
Abraxas AXAS
AXAS is actually making money, trading at a 1.2. P/E, trading at 34% of book value. It closed up nearly 10% Friday.
it may be that drilling comes back in time to save it but let's avoid it for now.
ACWX NOn US Equities
After a near two year correction, foreign markets are making a comeback.This also supports the idea that oil prices are ready to advance.
Well we could go on but I like energy as it has been the laggard and now is coming back. Tech stocks have been on a tear but are too high priced for me.
Bellweather Apache APA makes 9 % move Friday
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