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Author: desertdaveataol Big funky green star, 20000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 922  
Subject: Re: Atlas Pipeline or Genesis Energy? Date: 10/22/2008 1:58 PM
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Any opinions on stocks such as Atlas Pipeline or Genesis Energy? Or are we all doomed and would it be best not to speculate on these sorts of stocks?

It's generally best to give the ticker symbol of stocks to eliminate the possibility of confusion.

http://finance.yahoo.com/lookup?s=Atlas+Pipeline

http://finance.yahoo.com/lookup?s=genesis%20energy

I like your logic. Pipelines make their money transporting oil and gas no matter what the owner of that o&g is getting for it so their profits are more or less stable. They make money whether gasoline is selling for $4.00 a gallon or $2.82 a gallon. The fly in the ointment being if our economy slows down to the point where less o&g are being transported.

The only pipelines I own are BPL & TRP. As you can see, BPL is yielding around 9.45% at today's prices.

http://finance.google.com/finance?q=NYSE%3ABPL

And BPL has been paying a dividend since 1988:

http://finance.yahoo.com/q/hp?s=BPL&a=11&b=17&c=...

TRP is a new purchase for me. It's a Canadian pipeline which you can buy through the NYSE. It too has been paying a dividend since 1988 although I haven't owned it anywhere near that long.

http://finance.yahoo.com/q/hp?s=TRP&a=11&b=30&c=...

TRP's yield is 4.40% but I own it as a hedge against the American dollar. Since our glorious leaders seem intent on inflating the greenback until it bursts I'm betting the Canuck buck will not inflate nearly so much. Keep in mind that the Canadian government takes 15% off the top of your distributions when they are paid, but you can get it back (as credit against your US taxes) by filing a form with your 1040 on April 15th.

http://finance.google.com/finance?q=NYSE%3ATRP

You've got the right idea. There is a wealth of information here at TMF waiting for the taking. Explore, read new boards, read back posts and you'll learn a lot.

FWIW I limit myself to 1000 shares (some people use a $ limit) of any one stock so as not to be too exposed if any one stock or sector goes down for a while.

I also buy only dividend paying stocks. I mean, as Wendy over at the METAR board says: Would you work for a company that said it MIGHT pay you an UNDETERMINED amount SOMETIME in the future, MAYBE?

That's what you're doing when you buy a stock that doesn't pay dividends.
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