Star Gas Partners, LP

My first new investment for 2010 is Star Gas Partners, an energy limited partnership. Their dividend yield is 6.50% on their recent share price of $4.14 and the company has a great deal of cash per share. Earnings are more than sufficient to maintain or increase their current dividend, so I think it will be a great addition to my regular stock portfolio.

Star Gas Partners, L.P., a publicly traded Delaware limited partnership was formed on October 16, 1995. The Company is a home heating oil distributor and services provider with one reportable operating segment that mainly provides services to residential and commercial customers to heat its homes and buildings. The general partner of the Partnership is Kestrel Heat, LLC, a Delaware limited liability company is appointed by its sole member, Kestrel Energy Partners, LLC, a Delaware limited liability company. Petro Holdings, Inc., an indirect wholly owned subsidiary of the Partnership is a Northeast and Mid-Atlantic region retail distributor of home heating oil and related services. The Company is a retail distributor of home heating oil in the United States. It also sells home heating oil, gasoline and diesel fuel. It installs, maintains and repairs heating and air conditioning equipment for its customers and provides ancillary home services, including home security and plumbing to its customers. The Company's suppliers include Global Companies, Sunoco Inc. and NIC Holding Corp. It competes with distributors offering a range of services and prices, from full-service distributors, like companies in the home heating oil business. Star Gas Partners markets its products and services under number of trademarks include such as Petro and Meenan. The Company segregates its customers in two catogories residential and commercial. It is subject to number of federal, state and local environmental, health and safety laws and regulations.