VNR bonds

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Vanguard Natural Resources Bonds: Throwing The Baby Out With The Bathwater

Dec. 12, 2014 7:06 PM ET | 3 comments | About: Vanguard Natural Resources, LLC (VNR)

Disclosure: The author has no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. (More...)

Summary
•VNR's bonds have declined sharply in the last two months, along with the whole oil & gas industry.
•At current prices, the 2020 bonds offer investors an 11.9% yield to maturity.
•Stress tests show that VNR can service the bonds even if oil drops to the low $40 range.

http://seekingalpha.com/article/2752905 ... 2&uprof=46

[dan_s]

Very good post. Thanks.

Breitburn (BBEP) also has its 8.25% Series A Cumulative Redeemable Perpetual Preferred Units (BBEPP) that pay monthly dividends of $0.171875. This monthly distribution is equal to an annual distribution of $2.0625 per Series A Unit. They closed Friday at $19.85.