Vanguard Natural Resources Inc. (fka VNRRQ)

[ciciagt]

..Finding High Yield in Unlikely Places
By Bret Jensen | TheStreet.com – Tue, Apr 3, 2012 5:30 AM EDT
..

"...Vanguard Natural Resources VNR acquires and develops oil and natural gas properties in the U.S., including the Appalachian and Permian Basins.

Four reasons VNR is a solid play for income investors at under $28 per share:

1.It yields a robust 8.5% and has grown its quarterly distribution by approximately 100% over the past four years.
2.The stock is selling for around 7x operating cash flow and more than tripled cash flow from FY2009 to FY2011.
3.Consensus earnings estimates for FY2012 and FY2013 have increased more than 10% over the past two months.
4.Insiders have been net insider buyers of the stock over the past year and the stock sells for just over 11x forward earnings, which is cheap given its 8% plus yield..."
http://finance.yahoo.com/news/finding-high-yield-unlikely-places-093000511.html