Listen: California, MLP And Pacific Gas discussed on Best Stocks Now
"Well, we'll stay in California year for a bit. How 'bout Pacific Gas and electric today? P C G, which may have been one of the causes one of the major causes of the big fires that hit California PC G. Remember, the old utility mantra for widows and orphans genie has traded thirteen million shares today the stock is down twenty two percent. That's a utility where does that put the dividend yield or they did away with their dividend yield. They are now mulling bankruptcy. For some of all of their businesses as they face billions of dollars in potential liability related to the California wildfires in two thousand and seventeen and two thousand eighteen when is the last time a utility utility, Electra cities supplier filed for bankruptcy. Well, that's what's happening at PC G today. Barons. They like the the pipeline. You know, I've been looking at the pipeline stocks myself. I personally don't like the individual MLP's because you get stuck with those partnership returns at the end of the year. But some of these e t apps that by the Ps and get around that like a Leary in MLP that thinks out a nice little rally here recently. I was looking at it last week was preparing my newsletter the dividend yield right now on that ETF is eight point six percent. Eight point six percent. You are at the mercy of oil prices though, well has rallied back up to forty eight dollars per bearable. Let's not forget it got down to twenty five or twenty six couple of years ago. So you still have that downside risk. But having said that you. You know, it might be time to look at the. The companies that provide transportation storage and processing of energy there. Several. ETF that get around including a LP which get around that that necessitates that necessarily falling of a partnership return. Barron's also likes apple man. I've heard so many upgrades in the last two months before."