Dan,
What do you think of BEP, I keep waiting for it to crash in one of these downturns.
It's been very good to me for about a year, pays more than 4%.
But it's above where I bought it and I hate to chase a position that's gone up.
Am I silly for waiting?
BEP a Brookfield LP
Re: BEP a Brookfield LP
Brookfield Renewable Partners L.P. (BEP) owns a portfolio of renewable power generating facilities primarily in North America, Colombia, Brazil, Europe, India, and China. The company generates electricity through hydroelectric, wind, solar, cogeneration, and biomass sources. Its portfolio consists of approximately 19,000 megawatts of installed capacity. Brookfield Renewable Partners Limited operates as the general partner of Brookfield Renewable Partners L.P. The company was formerly known as Brookfield Renewable Energy Partners L.P. and changed its name to Brookfield Renewable Partners L.P. in May 2016. Brookfield Renewable Partners L.P. was founded in 1999 and is headquartered in Hamilton, Bermuda.
In the last 3 months, 9 ranked analysts set 12-month price targets for BEP. The average price target among the analysts is $51.81. Their price targets range from $47 to $74.
It is trading today at more than 15X operating cash flow per share, so very expensive compared to the midstream companies that I follow.
I don't follow it and I'm not a fan of renewable energy companies.
In the last 3 months, 9 ranked analysts set 12-month price targets for BEP. The average price target among the analysts is $51.81. Their price targets range from $47 to $74.
It is trading today at more than 15X operating cash flow per share, so very expensive compared to the midstream companies that I follow.
I don't follow it and I'm not a fan of renewable energy companies.
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group
Re: BEP a Brookfield LP
Thanks.
I can't in conscience buy it now, as it's one of my few greenies, up 19% since I bought.
Even during the crash it didn't go red, guess I'll just hold the small position I have.
Also holding VNOM, RRC, OMP, NS, MPLX, MMP, GDP, GPOR, ENLC, CPE, also have PRT, LNG, and (don't laugh) XOM.
When the crash happened my entire portfolio was at one point down 60%, much worse than 2008.
But it was too late to sell anything: I was too chicken to buy with the small cash in accounts.
My deer-in-headlights strategy was not too bad because it's now down only 38%,
and even that is better than it looks because I have a position in Chris Wang's hedge fund,
(Remember him from InvestFests?)
which has been thankfuly very good the last two months.
I can't in conscience buy it now, as it's one of my few greenies, up 19% since I bought.
Even during the crash it didn't go red, guess I'll just hold the small position I have.
Also holding VNOM, RRC, OMP, NS, MPLX, MMP, GDP, GPOR, ENLC, CPE, also have PRT, LNG, and (don't laugh) XOM.
When the crash happened my entire portfolio was at one point down 60%, much worse than 2008.
But it was too late to sell anything: I was too chicken to buy with the small cash in accounts.
My deer-in-headlights strategy was not too bad because it's now down only 38%,
and even that is better than it looks because I have a position in Chris Wang's hedge fund,
(Remember him from InvestFests?)
which has been thankfuly very good the last two months.