In which I look at the commodities Russia produces, how markets have been affected by its invasion of Ukraine and subsequent sanctions, and what the investment implications are for you
DEAD MONEY IN PIPELINES? The recent price rises over the past year, particularly oil & gas, probably shouldn't be a surprise to anyone. Still, it looks like I've managed to position myself in such way, as to miss-out on a sizeable chunk of the price action.
The past 10+ years have been dreadful for energy investing - I've been no exception! (I got burned by coal & still bear the scars).
In an effort to reduce risk & collect some dividends along the way, I decided to change tact and set a portion in the US oil & gas pipelines - up until mid 2020 it seemed reasonable, with limited downside during the crash, dividends continued to be paid & even increased along the way.
The situation has changed rapidly since then however, (particularly inflation), so those 6 & 7% yields don't quite cut it anymore without any major appreciation in share price.
By far my largest pipeline position, is Kinder Morgan (KMI) & a bit of a disappointment to be honest, then Enbridge (ENB), and some smaller positions in Pembina Pipeline Corp (PBA), The Williams Companies (WMB) and Oneok (OKE). I also took a punt at Cheniere (LNG) (gas liquefaction, which HAS been delivering more recently).
My dilemma, is whether to trim my positions in KMI & ENB and try to grab more of the tail in the current commodities bull or just leave alone - "Strong & Stable" to quote from a short lived British P.M.?
DEAD MONEY IN PIPELINES? The recent price rises over the past year, particularly oil & gas, probably shouldn't be a surprise to anyone. Still, it looks like I've managed to position myself in such way, as to miss-out on a sizeable chunk of the price action.
The past 10+ years have been dreadful for energy investing - I've been no exception! (I got burned by coal & still bear the scars).
In an effort to reduce risk & collect some dividends along the way, I decided to change tact and set a portion in the US oil & gas pipelines - up until mid 2020 it seemed reasonable, with limited downside during the crash, dividends continued to be paid & even increased along the way.
The situation has changed rapidly since then however, (particularly inflation), so those 6 & 7% yields don't quite cut it anymore without any major appreciation in share price.
By far my largest pipeline position, is Kinder Morgan (KMI) & a bit of a disappointment to be honest, then Enbridge (ENB), and some smaller positions in Pembina Pipeline Corp (PBA), The Williams Companies (WMB) and Oneok (OKE). I also took a punt at Cheniere (LNG) (gas liquefaction, which HAS been delivering more recently).
My dilemma, is whether to trim my positions in KMI & ENB and try to grab more of the tail in the current commodities bull or just leave alone - "Strong & Stable" to quote from a short lived British P.M.?