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WIND AND SUN: ENERGY PLAY

March 28, 2016

Yellen and the Fed are indicating rates will say low.  This is good for preferred stocks and we are looking at PFXF which is an etf that holds preferreds excluding financials.

Preferreds act similar to long term bonds.  Since it now appears we will have low rates forever preferreds make sense…especially because they pay nice dividends.  We have NOT been buying this segment but it’s now more appealing.

PFXF pays a very nice dividend and we may buy in the near future.

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http://www.judicialwatch.org/press-room/press-releases/judicial-watch-obama-family-2015-honolulu-christmas-vacation-cost-taxpayers-3590313-in-flight-expenses-alone/

“The American people have every right to be appalled that Barack Obama wastes their precious tax dollars on an endless stream of golf vacations, political fundraisers, and exorbitant vacations,” said Judicial Watch President Tom Fitton.  “The Obama travel issue is about abuse of office, abuse of the taxpayer, and contempt for the rule of law.”

To date, the known travel expenses for the Obamas and Vice President Joe Biden have exceeded $78,003,292.44.

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(We purchased NEP at $26.37 and this issue has spiked up.  It is now too late to buy.)

Tomorrow we are buying NEP an energy play in the alternative space, namely the wind and sun.  This is NOT the money losing solar panel companies:  it is a major utility company investing in clean energy projects with stable cash flows.

Plan on owning this for the next five years.  Dividends approx 5% ++++ we think the stock price will increase substantially.

A growth-oriented limited partnership formed by NextEra Energy, Inc., NextEra Energy Partners, LP (NYSE: NEP) acquires, manages and owns contracted clean energy projects with stable, long-term cash flows.

We own interests in wind and solar projects in North America, as well as natural gas infrastructure assets in Texas. The renewable energy projects are fully contracted, use industry-leading technology and are located in regions that are favorable for generating energy from the wind and sun. The seven natural gas pipelines in the portfolio are all strategically located, serving power producers and municipalities in South Texas, processing plants and producers in the Eagle Ford Shale, and residential, commercial and industrial customers in the Houston area. The NET Mexico Pipeline, the largest pipeline in the portfolio, provides a critical source of natural gas transportation for low-cost, U.S.-sourced shale gas to Mexico.

NextEra Energy Partners’ intends to take advantage of favorable trends in the North American energy industry, including the ongoing trend of clean energy projects replacing aging or uneconomic projects, demand by utilities for renewable energy to meet state renewable portfolio standard requirements and the improving competitiveness of clean energy relative to other fuels. We plan to focus on high-quality, long-lived projects operating under long-term contracts that are expected to produce stable long-term cash flows. We believe our cash flow profile, geographic and technological diversity, cost-efficient business model and relationship with NextEra Energy, a recognized clean energy leader, will provide us with a significant competitive advantage and enable us to execute our growth strategy.

Please take our ten second POLL 

GO TO Core Portfolio for current holdings:  All positions were purchased at specific prices and are on HOLD and should not be purchased now unless otherwise indicated.

Go here to see our suggested financial websites.

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