From: Elliott Gue-The Energy Strategist
Can you provide insight into the Company below?
Located in Oklahoma, this trust went public last year and owns royalty interests in 37 horizontal wells producing oil and natural gas—with a stake in 123 additional wells to be drilled over the next few years.
Already paying out an 11.1% yield, the potential returns ahead are impressive. I realistically expect yields as high as 14% as they continue to increase their dividend.
In addition, continued high oil prices and rapid distribution growth could drive up the price of the common shares, further enhancing our investment.
I sincerely believe income investing in proven energy sources is the way to go in this edgy, up-and-down market.