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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