Anyone adding or initiating new position ?hi all ,
This was on my radar and I initiated a small position at yield of over 9.6% . There is so much uncertainty around mid-stream players and the impact Biden win could have on the pipelines. I foresee more downward pressure in near term but view as an opportunity over long term. My view is based on the following
- strong management team focussed on increasing shareholder's value
- above average yield of 9.6%
- yield well covered by cash flow
- potential to be aquired by big player means more premium/upside
- Buffet's investment into Dominion Energy ( gas infrastructure company)
would help the group if you could share your thoughts. thanks