InvestorsHub Logo
Boards
News
Market Data
Markets
Discover
Discover
AI Subscribe Login/Register account icon
S&P 500
5,718.57
(
0.28%
)
US TECH 100
19,307.60
(
0.05%
)
Dow Jones
42,124.65
(
0.15%
)
Brent Oil
73.60
(
-0.39%
)
Bitcoin
63,415.60
(
-0.33%
)
Post# of 116670
Next 10
Reply Private New
Public Reply Private Reply New Post
Keep Last Read
Replies (1) Keep Next 10 Report Keyboard Shortcuts
Replies (1) Next 10 Prev Next

researcher59

Send PM Follow Ignore
Followers 322
Posts 32199
Boards Moderated 22
Alias Born 12/30/2004

researcher59

Member Level

Re: None

Tuesday, 11/23/2021 11:03:51 PM

Tuesday, November 23, 2021 11:03:51 PM

Post# of 116670
SHLX (11.81) looks attractive with a yield of 10.2%. Shell Midstream partners owns pipelines and storage facilities for oil transport. Q3 EPS of $0.29 was impacted by outages and damage from hurricane Ida, but the company recently announced it's back at full operating capacity.

Beware, the quarterly distribution was cut from $0.46 to $0.30 in the spring, but that allowed cash flow coverage to hit an impressive 1.6 in Q2, though it fell to 1.0 in Q3 due to the hurricane. It should rebound significantly in Q4 and more in Q1, so the $0.30 distribution appears safe.

I've recently been accumulating a position.

https://www.shellmidstreampartners.com/static-files/9d06e46e-b69d-4688-916b-cd385f7e2ae2
Public Reply Private Reply New Post
Keep Last Read
Replies (1) Keep Last Read Next 10 Report Keyboard Shortcuts
Replies (1) Next 10 Prev Next
Join InvestorsHub

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.

Sign Up