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Strategies & Market Trends : Dividend investing for retirement -- Ignore unavailable to you. Want to Upgrade?

To: Coolwire who wrote (32728)	6/5/2020 12:34:30 PM
From: Coolwire	Read Replies (1) \| Respond to of 34328

ENLC, a purchase I made back in 9 May is up to 86% since from $ 1.72 / Share to $3.22 / share...gaining 16.6 % today! Now yielding 11.7%. From its profile on yahoo: EnLink Midstream, LLC focuses on providing midstream energy services in the United States. It operates through Texas, Oklahoma, Louisiana, and Crude and Condensate segments. The company is involved in gathering, compressing, treating, processing, transporting, storing, and selling natural gas; fractionating, transporting, storing, and selling natural gas liquids; and gathering, transporting, stabilizing, storing, trans-loading, and selling crude oil and condensate, as well as providing brine disposal services. Its midstream energy asset network includes approximately 11,000 miles of pipelines; 20 natural gas processing plants; 7 fractionators; barge and rail terminals; product storage facilities; brine disposal wells; and a crude oil trucking fleet. The company was founded in 2013 and is headquartered in Dallas, Texas. They have long term contracts to supply hydrocarbons, mostly natural gas. at good prices. Market saw them cut dividends to $0.375/annum and with the crash in oil prices and assumed that they were headed for bankruptcy. IMHO see they have cut capital outflows, secured good credit terms, and are in a good position for even more gains. I thinking target between $7 to $6 per share.