T. Boone Pickens Quietly Buying This Stock. If you follow the energy business, you know T. Boone Pickens. In the 1960s, he struck it rich searching for oil. In more recent decades, Pickens has found as much success inside the boardroom, both as a corporate raider and now as a hedge fund manager. Needless to say, the man swings a big stick in the industry. For this reason, I always watch where he’s putting new cash to work. In recent quarters, the billionaire has increased his ownership in a number of pipeline partnerships.
One of his largest positions: a 125,000 share stake in Buckeye Partners, L.P. (NYSE:BPL). With a yield topping 9.6%, income hunters should take note. (Source: “Hedge Fund – BP Capital 13F Holdings,” Insider Monkey, last accessed January 12, 2018.) Pipelines represent a “pick and shovel” play on the country’s oil boom. New “fracking” techniques have unlocked vast quantities of energy across the United States. Oil production has more than doubled over the past 10 years, according to numbers by the U.S. Energy Information Administration.
Source: Income Investors
Related Articles:
- 6 Dividend Stocks Headed In The Right Direction
- Are The Dividends Safe For These High-Yielding Stocks?
- Who Owns The Top Dividend Stocks?
- Wealth is a Journey, Dividend Stocks Can Take You There
- 3 Higher-Quality, High-Yield Dividend Stocks
This Stock Pays Billionaire T. Boone Pickens a 9.6% Yield
Posted by D4L | Tuesday, February 06, 2018 | ArticleLinks | 0 comments »________________________________________________________________
Subscribe to:
Post Comments (Atom)
~
Popular Posts Last 30 Days
-
In an attempt to put a lid on inflation, the Federal Reserve has stated that it intends to raise its benchmark federal-funds rate by 0.25% a...
-
This article comes from a recent Preferred Share Update on The REIT Forum. Be advised that share prices are constantly changing, so it's...
-
But aside from its track record as a Dividend Aristocrat with 27 consecutive years of payout hikes under its belt, there's another reaso...
-
Dividend growth stocks are among our favorite investment groups because you get so much bang for your buck. Not only do the companies pay di...
-
This is a clear recipe for investors to follow, and will lead us quite naturally to two recent stock recommendations from Morgan Stanley’s a...
-
Dividend Kings, stocks with at least 50 consecutive years of dividend growth, are favorites of many income investors. High-dividend yields c...
-
Dividend utility stocks might seem bad for your portfolio during high inflation and rising interest rates. However, the sector has done well...
-
If you have contemplated selling shares of some of the companies you own this year, you likely aren't alone. Considering how volatile th...
-
Companies that have either been through past downturns or have the pricing power to offset the costs of inflation provide a crucial element ...
-
Dividend reinvestment plans, or DRIPs, can be effective ways to accumulate shares of high-quality companies for those with limited capital t...
0 comments
Post a Comment
Post a Comment
Note: Only a member of this blog may post a comment.