Increasing Stake in Encore Energy Partners

I decided to up my stake in Encore Energy Partners LP (ENP). With their current price at $18.73 and a dividend of $2.05, their current dividend yield stands at 10.94%. With earnings per share of $5.43, they have sufficient earnings to continue current payouts and provide for possible future increases. When you add in a price to earnings of just 3.4 and the tax advantages on earnings from limited partnerships, I think it will work out great for increasing cash flow while controlling tax liabilities.

Based in Fort Worth, Texas, Encore Energy Partners principal activity is to acquire, exploit and develop oil and natural gas properties and to acquire, own and operate related assets. Its assets consist primarily of producing and non-producing oil and natural gas properties in the Elk Basin of Wyoming and Montana and the Permian Basin of West Texas. It operates in the United States.

To learn more, you can visit their website at: http://www.encoreenp.com/