+ Watch CORR
on My Watchlist
Recent REIT conversion with underlying lease-back energy assets. Forward yield should be around 9.5% at current price of $6.30. Thesis involves continued acquisitions at capitalization rates of ~10% and gradual price appreciation to normalized yield of 4-5%. Largely based on TMFDeej's coverage:http://tmfdeej.whotrades.com/blog/43930679673http://tmfdeej.whotrades.com/blog/43985135587
This is a pipeline REIT that I am reading lots of interesting articles about. Want to follow this in CAPS for a while before I decide whether to initiate a position in real life.
Commodity prices don't have a big impact on earnings, business is pipelines for natural gas and oil storage. Over 8% yield. Great that it is a REIT for Roth IRA.
Small energy infrastructure with growth ambitions and great dividend.
Gathering lines have a relatively short life compared to pipelines. Pipelines and tank farm can have 20+ years life.
Div. (Yield) $0.52 (7.3%)Current Yield . . . . . . 8.4%
See my pitch here: http://caps.fool.com/Blogs/for-deej-thoughts-on/787934#commentsForm
collect div while wait to transform into REIT
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