Vanguard Natural Resources Inc. (fka VNRRQ)

[Timothy Smith]

Considering VNR pays 8.24%/year in distributions on a monthly basis, shareholders could double their initial investment in roughly 8.5 years, assuming share price and distribution rate stay static.

In fact, I feel investors could beat this static estimate, as share price and distribution payouts should increase with continued acquisitions, guided by VNR's experienced leadership.

In addition, 85% of natural gas production is hedged through the first half of 2017, and 80% of oil production hedged through 2015. These hedges offer pricing stability, which ensure additional safety to VNR's already low risk asset portfolio.

At an estimated 5.0x EBITDA/CapEx ratio for 2012, VNR's shares seem attractive relative to peers in the group. I am watching VNR for an entry point.

http://seekingalpha.com/article/928101-vanguard-natural-resources-an-impressive-mlp-with-monthly-distributions