Thanks Alex. Much food for thought. I am a relative latecomer to this and in my rush to start an income generating portfolio (~3/2011) will likely take a beating during the next real big pullback. I am even on KMP even though I've owned it for a few years. I have a cost basis of 117 on CVX and 60 on COP. I really like the energy space but also own JNJ, PG, KO, T, AAPL, GE etc. I am generating a reliable income from my 70k portfolio and could pay my property tax bill with it ~$2500, however I automatically DRIP everything. For that reason I won't sell, instead I'll add to lower cost basis and use cash secured puts for COP if it gets near 60. I'll look at your options closely-they look interesting! Thanks for your response.
Joe
Edit: TGP looks good. Only thing is 122% payout ratio-will dig deeper, it could be just a one time event. NGL fleets are certainly increasing in size so earnings should be headed upward.
Joe
Edit: TGP looks good. Only thing is 122% payout ratio-will dig deeper, it could be just a one time event. NGL fleets are certainly increasing in size so earnings should be headed upward.