Decided to sell my stake in Regency Energy Partners (RGNC) for a quick 24% gain. I mentioned in an earlier post that I would consider selling if the gain went over 20%, just didn't think it would happen so soon. This frees up quite a bit of cash, so I've decided to reinvest the money in shares of ConAgra (CAG) and British Petroleum (BP). I like the dividend payouts and the long term prospects of both companies. My positions in both stocks are for the long haul, as long as the dividends hold up.
I'm still holding shares in a couple of energy limited partnerships. The dividend payouts are good on both, albeit a bit questionable due to recent earnings. Am hoping to trade out of both with a small profit, we'll see how it goes. I see from the news on CNBC.com that Warren Buffett is reiterating his advice to "buy American." I can't help but agree, since I'm still seeing what I consider bargains in some great stocks. My biggest regret is that I don't have the money to take advantage of everything I find. But I know that opportunities will always reveal themselves to people who look for them. I'm always on the look out for a great investment opportunity.
Showing posts with label Regency Energy Partners. Show all posts
Showing posts with label Regency Energy Partners. Show all posts
Friday, July 24, 2009
Wednesday, July 22, 2009
Recent Stock Trades
Decided to sell Copano Energy (CPNO) for a profit of 27%, with earnings down I am concerned about their ability to maintain their dividend payments. I will be reinvesting a portion of the proceeds from the sale of Copano in ConAgra Inc. (CAG). Their earnings per share of $2.15 per share is more than sufficient to maintain, and possibly increase, their dividend of 76 cents a share, which represents a 4% yield on the current price per share. While energy use may be declining in the current economy, people still have to eat, so upping my stake in ConAgra looks like the way to go.
For my IRA account, I'm adding more shares of AT&T (T). While their dividend payout of $1.64 represents 76% of earnings, I feel that their dividend is in little danger of being cut. AT&T is a long term holding in my personal portfolio as well.
My stake in Regency Energy Partners (RGNC) is doing well. It is up nearly 20% since my initial investment. Their dividend payout is around 62% of earnings, so I'll probably hang for the dividends unless the unless the price goes up over 20%. In that case, I would take the gain, since I initially bought the shares of the energy partnerships for short term gains. We'll see how that plays out.
For my IRA account, I'm adding more shares of AT&T (T). While their dividend payout of $1.64 represents 76% of earnings, I feel that their dividend is in little danger of being cut. AT&T is a long term holding in my personal portfolio as well.
My stake in Regency Energy Partners (RGNC) is doing well. It is up nearly 20% since my initial investment. Their dividend payout is around 62% of earnings, so I'll probably hang for the dividends unless the unless the price goes up over 20%. In that case, I would take the gain, since I initially bought the shares of the energy partnerships for short term gains. We'll see how that plays out.
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