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Strategies & Market Trends : Value Investing

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To: E_K_S who wrote (33135)	12/30/2008 2:45:24 PM
From: E_K_S	of 78667

Started a position in ENBRIDGE ENERGY MGMT (NYSE: EEQ) to add to my other gas distribution companies. I have about 6.5% of the portfolio allocated to this sector. finance.yahoo.com My strategy is to build up my EEQ holdings to represent a 2.5% position in the portfolio which should bring my sector weighting to around 8%. EEQ also trades options so I am looking at possibly writing some covered calls and selling some out of the money naked Puts to generate income and lock in a lower average cost basis. ========================================================= Also added a few more shares of PENN WEST ENERGY TRU (NYSE: PWE). The company is selling near its all time lows. The company recently reduced their payout to $0.28/month which still yields over 30% at the current rate. The dividend could be cut another 25% to $0.21/month if oil stays in the $35/barrel range. That would still yield a whopping 20%. Todays purchase brought my Oil & NG portfolio sector weighting to 30%. This is my largest sector weighting in the portfolio. These are the Oil and NG companies I presently hold: finance.yahoo.com Cash reserves are about 25% of the portfolio which I plan to slowly reduce and replace with high yielding preferred stocks and other dividend generators. EKS

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