Antero Midstream Corp. (AM) for High Yield - Sept 25

Post Reply
dan_s
Posts: 34471
Joined: Fri Apr 23, 2010 8:22 am

Antero Midstream Corp. (AM) for High Yield - Sept 25

Post by dan_s »

Antero Midstream Partners LP -- Moody's upgrades Antero Midstream's notes to B3, revises outlook to stable

Weakness in the front month (OCT20) HH futures contract has frightened some investors away from AR and AM. As I explain in my daily updates, the pullback in the October contract is the result of paper traders getting stuck with too many long positions that they must close before the contract expires. The paper traders cannot take physical delivery of the gas, so they must roll their positions forward. By the end of October, the front month HH contract will be DEC20 and it is trading for $3.28 today.

AM is in good shape and their $0.3075/quarter dividend should be secure. Annual dividend yield is now over 23%.

AM is a C-Corp, so dividends are taxable as regular dividends. It is suitable for an IRA account.
Dan Steffens
Energy Prospectus Group
Post Reply