Welcome to yet another edition of TheFoxForceJournal
Our featured stock is Vangaurd Natural Resources picked by oldfashionedway @ $28.19 on 8/23/12 for a stock gain of +13.28%.
I'm going to divest from the usual format of the Jounal just a bit-
So put on your PJ's and huddle up around in a circle...
It's storytime boys and girls-
So I'm sitting in this bar (shocker) in downtown Chicago wearing my 2013 Stanley Cup Champion Blackhawks t-shirt and hat. The dude next to me noticed that I was a fan so we start bs'ing about hockey and the Hawks. Well as the coversation unfolds turns out the dude was a millionaire accountant, who also happens to be a member of the Blackhawks alumni.
Since he was an accountant I steered the conversation to money and stocks. He said that he made a ton of money on energy stocks, it's something that everybody needs.
Well those words are now ingrained in my head and my next stock purchase will be an energy company with VNR being a strong possibility (I love those monthly dividends).
Vanguard Natural Resources, LLC, through its subsidiaries, engages in the acquisition and development of oil and natural gas properties in the United States. It owns properties and oil and natural gas reserves primarily located in nine operating areas: the Arkoma Basin in Arkansas and Oklahoma; the Permian Basin in West Texas and New Mexico; the Big Horn Basin in Wyoming and Montana; the Piceance Basin in Colorado; South Texas; the Williston Basin in North Dakota and Montana; the Wind River Basin in Wyoming; the Powder River Basin in Wyoming; and Mississippi. As of December 31, 2012, the company had total proved reserves of 152.2 million barrels of oil equivalent, as well as owned working interests in 2,266 net productive wells and approximately 785,085 gross undeveloped acres. Vanguard Natural Resources, LLC was founded in 2006 and is headquartered in Houston, Texas.
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