Monday, February 16, 2015

New purchase : Vanguard Natural Resources

New position started in portfolio - Vanguard Natural Resources (NYSE:VNR)

http://www.vnrllc.com/Vanguard/Vanguard_Natural_Resources,_LLC___NYSE__VNR.html

Publicly traded limited liability company focused on the acquisition and development of mature, long-lived oil and natural gas properties. Primary business objective is to generate stable cash flows allowing us to make monthly cash distributions to unitholders, and over time to increase monthly cash distributions. Properties are located in the Permian Basin in West Texas and New Mexico, the Big Horn Basin in Wyoming and Montana, the Arkoma Basin in Arkansas and Oklahoma, the Williston Basin in North Dakota and Montana, Mississippi, and South Texas.

VNR pays dividend monthly. Starting yield at 9%

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