Alerian MLP ETF

It is a US pipeline play. He thinks it will be in a trading range for several years. It is at the bottom of a trading range right now with a great distribution yield, so that is how he is playing it. He still likes it and owns it and bought a little more on tax loss selling.

A tax complication says that the distributions from MLPs are considered business income, so you could be subject a 40% withholding tax. If you're American, the MLPs could have a nice bounce. If global growth stabilizes, energy names could do quite well.

He did recommend it a while ago when fracing became a big thing in the US. He exited when momentum indicators began to rollover. While the oil and gas sector remains and energy stocks remain cheap, he has yet to see any indication of breadth returning to the space. Energy continues to be a place that is not attracting investment. The risk is that energy has become a mass manufacturing business. Any tick up in oil prices attracts more supply quickly. He will wait to see a real positive turn. Yield 9%

This is the way he is playing the US energy sector. He is starting t nibble again. He thinks the dividend is good and safe. He would nibble into the tax loss selling as it happens this week.

US Pipelines. This is a candidate for tax loss selling. He expects more pressure between now and mid-December and then it will be a good buy.

There is a risk of tax loss harvesting on this ETF. He is not at his limit in this position yet. It is the best way to harvest yield and play US energy in a defensive way.

(A Top Pick Oct 16/18, Down 9%) The yield is about 8% and it is well supported. Stick with the dividend on this one.

(A Top Pick Aug 07/18, Down 12%) A commodity down turn impacted this. Pipes and mid-stream assets in the Permian, where there is still some good tailwinds. He continues to own it. No fundamental reason to step away. Pays an 8% dividend.

He bought it for the 8% yield, not growth. He expects it to stay within $9-11 for the next five years. He sells in the upper range and buys back in the lower.

The master limited partnership trust. The yields are very high because they pay all the yields of the holdings out. We will be very well supplied in the US for oil. Sell at $11 and collect 6-7% for Canadians in yield after tax.

This is highly correlated to the energy sector. He owns a lot of this. This could hit $11 if the oil price continues to surge. He's been accumulating this at lower prices and will reduce his exposure towards that level--and doesn't expect the price to break out. Warning: this is a very sensitive sector, meaning it will underperform during a market pullback. This stock is more a trade than an investment.

A U.S. pipeline? The US has a better regulatory environment than Canada. He's not famliar with US pipeline names. AMLP pays around 8% dividend. He's long owned this. It bounced back well after December. Caveat: this is American, so you benefit from Canadian taxation rules.

He likes the the oil midstreamers. This trades sideways but you get a high single-digit yield. They have the pricing power with pipeline constraints and rising oil prices.

He likes midstream and pipe sector in the US -- shale is booming. He likes the yield, but wouldn't defend it on that alone. He added to it recently as energy demand is improving.

Cautious about energy. Constrained capacity, demand is holding up globally, OPEC making the right noises in Saudi. Definitively a more conservative play. Stock price has gone down with the market. Market performer with a great yield at 8.3%. Fundamentals really are well supported here.