Gordon ReidEnergy Transfer LPETDON'T BUYOct 22, 2024

Has long owned it. Expect a 6-8% dividend. Remains a core name in the midstream area. Was upgraded today.

The $331M fund trades at a tiny premium to NAV. Fees are 0.35%. Five year annualized is 20.82%, One year is 3.31%. Indicated yield 4.77%. It owns 30 securities in the infrastructure sector, and we like its holdings. Energy Transer is the biggest position at 8.57%. Midstream processing companies is its main focus. We would be quite comfortable owning this for an investor looking for sector exposure.
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We'll continue to see $50 oil with no increase in drilling and higher wages. ET and VNOM pay nice dividends and trade cheaply; she's fine to hold them for now.

A top natural gas play and pays over a 7% dividend yield.

A major natural gas player and great long-term performer. Shares have nearly tripled over the last 5 years. Pays a 7.5% dividend.

The government is holding up the ethane from China because Trump wants rare earths in return, a mistake in his opinion. Ethane is a common you can get anywhere. This has hurt ET, but he likes the stock which pays a great yield.

Pays a good dividend. Pipelines are a great business.

Pick your spots in energy. This is a pipeline. This is up 45% this year and pays a 7% dividend yield. Stay capital-lite.

Pays an 8% yield. Is the only way to feed electricity to the growing data centre industry.

Lots of chop. If it can get above $16.40, will accelerate. Whole space has been pretty volatile and is getting interesting. More activity in Middle East will change the story a bit more. Yield of nearly 8%.

She doesn't want to own energy broadly, but loves this. 90% of their EBITDA is fee-based. Fantastic. It's all about volumes. And it pays an 8% dividend yield.