Inergy, L.P. (NYSE:NRGY)
CAPS Rating:
The Company is engaged primarily in the sale, distribution, storage, marketing, trading, processing and fractionation of propane, natural gas and other natural gas liquids.
The Company is engaged primarily in the sale, distribution, storage, marketing, trading, processing and fractionation of propane, natural gas and other natural gas liquids.
Recs
NRGY is one of the fastest growing MLP's in the US. It is often misunderstood and tied too closely to commodity fluctuations. It continues to buy infrastructure- therefor it's income is largely fee based. These guys have integrity, are highly driven, and have put together a team like no other. NRGY has continued to grow the company even in this ugly environment. I look for the stock to go as high as 45-50 in the next year, while continuing to increase it's dividend.