|Day Low/High||0.00 / 0.00|
|52 Wk Low/High||1.24 / 46.00|
Shares of the E&P rose 40% this week in this left-for-dead sector.
Bet against short-sellers who think the oil firm is going broke.
Expect both E&Ps to have the necessary liquidity for their next preferred payouts.
In this market, I'll lay low and accumulate double-digit yields.
And it's not the commodity prices themselves that drive my belief.
When yields are over 20% in companies I believe in, I'm buying.
I have created a portfolio of eight energy company preferred stocks.
I loaded up on Magnum and Gastar preferreds today.
Despite production misses, I still like the preferred shares of Miller and Torchlight.
Its unconventional drilling is fueling the stock's price.
For myself, as an income-fund manager, validation is sweet.