EnLink Midstream LLC (ENLC) Update - Aug 18
Posted: Thu Aug 18, 2022 3:43 pm
I have decided to drop ENLC from our High Yield Income Portfolio.
Why?
> Q2 results were fine, but I think we can do better than 4.1% annualized yield.
> ENLC is very low risk, but I don't see the same level of DCF growth as the other portfolio companies.
For A+ safety move to OKE which should be increasing dividends soon.
For A safety and higher yield move to PAGP with ~8% yield
Antero Midstream (AM) is smaller, but their relationship with Antero Resources (AR) adds a lot of safety and over 9% annualized yield
With a bit more risk and lot higher dividend yield, take a look at our five minerals/royalties companies (BSM, MNRL, KRP, STR and VNOM). BSM is the only MLP in the portfolio.
Why?
> Q2 results were fine, but I think we can do better than 4.1% annualized yield.
> ENLC is very low risk, but I don't see the same level of DCF growth as the other portfolio companies.
For A+ safety move to OKE which should be increasing dividends soon.
For A safety and higher yield move to PAGP with ~8% yield
Antero Midstream (AM) is smaller, but their relationship with Antero Resources (AR) adds a lot of safety and over 9% annualized yield
With a bit more risk and lot higher dividend yield, take a look at our five minerals/royalties companies (BSM, MNRL, KRP, STR and VNOM). BSM is the only MLP in the portfolio.