+ Watch CHKM
on My Watchlist
low p/e high yield, safe play
Positive Stock for the next few years
Expecting natural gas use to increase over time.
chk is a top natural gas company that runs chkm a limited master partnership that returns a 6% dividend. Long term pick with upside that I like.
I love any company that transports vital products around the country. I also love high dividend rates, and am extremely fond of companies that have a stock price which has room to grow. CHKM fits all of these criteria as a company/subsidiary of CHK. CHKM owns the natural gas and oil pipelines which move product from the drilling fields to transportation centers. There is a flat rate for transportation of the product, with increased profit coming from increased transportation rates. Given the huge capital expenditure necessary to build thousands of miles of pipeline, it is unlikey that CHKM will face competition from any upstart company. Also consider that CHK currently owns several thousand miles of additional pipelines likely to be transferred to CHKM, the value of this company will only rise. Natural gas will become THE fuel of the future, at least until we finally pull our heads out and start getting serious about renewable sources. NG heats our homes, fuels electricity utilities, and can be compressed to form a liquid fuel which reduces emissions when used in vehicles. CHK owns some of the most abundant NG fields in the nation, and will only pump more NG as the economy improves and demand increases. MLPs have some interesting (confusing) tax issues, but otherwise, this one has price appreciation potential as well as steaming dividend which also will be on the rise. The 5% they just paid was prorated because the company is only a couple months old. Wait for the full quarter to reap 6% or more. I'm in for the long haul.
New MLP just declared it's first dividend with a rate of 5.3% It has room to grow
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