Preferred Stock

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dan_s
Posts: 34648
Joined: Fri Apr 23, 2010 8:22 am

Preferred Stock

Post by dan_s »

Below is an article that discusses four pfd stocks on the market by E&P companies. Always take a hard look at the balanced sheet before you consider any pfd stock. You want to make sure they can pay the dividends. ATPG should make it if oil prices stay high but the balance sheet is a mess.

http://seekingalpha.com/article/375911- ... urce=yahoo

EPM is debt free and generating a lot of free cash flow. Their pfd stocks looks very attractive to me.

I also like the Gastar (GST) pfd that is now paying dividends at over 10.7%. Their dividends are paid monthly and they are tax free return of capital. Symbol is GST-PA on Yahoo Finance.

Gastar Exploration 8.625% Serie (GST-PA)-AMEX
20.00 0.11(0.55%) Feb 17, 4:00PM EST
Dan Steffens
Energy Prospectus Group
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