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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: E_K_S who wrote (56279)	11/25/2015 8:06:16 PM
From: Spekulatius	Respond to of 78714

I want to increase my MLP exposure, because I think MLP's are a good value right now and opportunities like now only cur every couple of years. I als think there are selected opportunities in the high yield sector, but overall, high yield bonds are not cheap, so one has to be very selective. A few that I found are Williams and OKE debt ( both are GP's of their respective MLP's had their debt yield 7-8%. That is not a bad yield for non-distressed bond (BB+ rated, I think) with hard asset coverage. I think there are probably more midstream opportunities in high yield debt, but snfar I have not found any. CNX (coal and NG, actually fairly well managed), yielding 14% . Better deal than the equity, I think. I looked at various E&P's but found nothing of interest. The non-distressed ones trade inline with their credit rating, the distressed ones have only a sliver of equity left, so the debt sort of is the equity and I am not interested in this. I don't think that VW debt is distressed at all.