I bought into Black Stone Minerals ($BSM) a couple of months ago. While it is not a "growth", the dividends provide a nice return. I look at them as a "defensive" component of my portfolio. Whatdaya think?
What they do & who they are:
Black Stone Minerals owns and manages oil and natural gas mineral interests. It owns mineral interests in approximately 16.8 million gross acres, nonparticipating royalty interests in 16.8 million gross acres, and overriding royalty interests in 1.8 million gross acres located in 41 states in the United States. Black Stone Minerals, L.P. was founded in 1876 and is based in Houston, Texas.
Current price: $15.77 / share
Currently on track for paying a 12.35% dividend this year.
0 Net debt.
P/E (forward): 8.68
Market cap: $3.3B
The company hedges oil & gas, to provide predictable results. It is a “limited partnership”. I went deep at $15.00. I see the main risk is the price of oil/gas, but it seems like their active hedging of oil & gas mitigates a big downward movement.
Thoughts?
[link] [comments] https://www.reddit.com/r/stocks/comments/13xmu25/bsm_am_i_missing_something/
Login to add comment
Other posts in this group
Please use this thread to discuss your portfolio, learn of other stock tickers, and help out users by giving constructive criticism.
Why quarterly? Public comp
When you sell a stock to buy another stock, do you prefer to set the estimated amount of the capital gains taxes aside in a money market or do you think it better to
Saving for retirement is crucial, but relying solely on a 401(k) might not be enough due to high inflation. Consider investing in growth stocks, especially in the tec
I’m think this is not a good investment as there is no chatter at all on the 52 week low. They are involved in a class action lawsuits by investors and credit card co
Sorry if this is the wrong sub. Let’s say I had $1 million in VOO but I wanted to sell half of it to buy SCHD. It would suck to pay taxes on $500k. So how would you g
Hey guys, I did a deep dive into Crocs. In this analysis, I will do a brief breakdown of the company and go over some quantitative data, qualitative data and estimate
