This blog provides comments and thoughts on the financial markets and specifically—dividend producing investments.
(Go Here For Update) (July Update: VNR is at $27.00 today. The technicals look good. This would be the place to BUY. If you want to be more cautious buy IF it hits $27.41.)
Vanguard Natural Resources LLC (VNR) is a master limited partnership (MLP) that is a great addition to a taxable account. It is paying over 8%.
VNR has been running between roughly $29.00 and $25.00 for two years (now I like that kind of stability!) and went ex-dividend in late April. Currently it’s at $28.00 and the trend is Down. This would be a great addition if we can pick up shares around $27.00.
(Update May 3: It looks like we missed the buy on VNR. It simply did not drop to my expected levels and you certainly don’t want to chase it. The next ex-dividend date (May 30) may provide another opportunity to buy VNR.)
(Update May 1: Support is $27.47 which may be a good buy also–looks doubtful VNR will get down to $27.00)
I consider this a conservative investment but as always, you should never buy more than 1% of the portfolio. This is one of those quality positions that all good financial advisors recommend for dividend investing. See my April 12 comments for another MLP that you might find interesting.
Vanguard Natural Resources, LLC, through its subsidiaries, engages in the acquisition and development of oil and natural gas properties in the United States. It owns properties and oil and natural gas reserves primarily located in nine operating areas.
I am not an investment professional. You must do your own research before buying any position. All gains or losses that you realize are based on your choices. Additional commentary is posted in the right margin under ‘Recent Posts’ and in ‘Background’ and ‘Investments’ at the top of the page. Bookmark this blog and visit often!