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These stocks are not for the faint of heart and the risk-averse.
Magellan Midstream Partners is a high-quality master limited partnership that yields 6.9%.
The issue is not CHK's debt, but whether it can service the debt, and the company's robust hedge book and the recent uptrend in natural gas pricing CHK show that it should be.
When an issue this big comes to market, institutions and fund managers make room in their portfolio ahead of the IPO. This means oil names will be a source of shorts in any portfolio.
Energy Transfer appears bargain-priced, and is available for just 9.3-times this year's estimated earnings while yielding close to double its normalized rate.