WPZ, Williams Partners LP Yielding 11.6%

With our recent posts on oil and currencies in mind, we've gone long Williams Partners LP (WPZ) which currently yields 11.6%

Here's a look at the long-term probable support area, blow the red line:

 

 

In this chart we see a "declining wedge" pattern, which normally resolves upward.

It'd be safer, on a technical basis, to buy if it closes above $35, but considering the high yield it pays, at least for now, we're happy to buy some and perhaps more if it drops materially.

 WPZ closed today at $29.22






We receive no remuneration or incentive directly or indirectly in any way, shape, or form for buying or selling the positions we do, or for mentioning any positions or publicly traded companies in this blog. If we hold existing positions we divulge the fact. This blog is merely a diary of some of our thoughts and trades and is in no way whatsoever to be considered investment advice of any kind. Always without fail consult a competent, experienced, and honest broker or investment advisor before making any investment or speculative decisions.

Please presume that we, she, he, I, it, them, they, us and you are purely fictional characters and that everything written in this blog is satire intended for comedic amusement only, and not to be taken seriously in any way. Just like "real" analyst proclamations. Thank you.


To be notified when this blog is updated : Please e-mail christianguinness@hotmail.com with "Subscribe to blog" in the subject line or click here to do so automatically if your computer is configured accordingly. We have never shared our mailing list with anyone, nor will we. Please note that we only send update notifications when a trade idea is diarized or updated materially, not if a blog entry only contains general commentary.