Black Stone Minerals: Well Covered 10.5% Yield And Debt Free Balance Sheet Make This A Buy
MTXMTI(MTX) Seeking Alpha·2024-08-11 17:07
mysticenergy It is pretty difficult to find 10.5% yielding, near debt free businesses in today’s market. We initially purchased BSM here for more details on why we like this high free cash flow royalty-driven MLP. It is excellent as a bond replacement and currently up 8.1% per year since we wrote it up in January 2019. We consider BSM a lower risk investment as it has no debt, with potential upside should natural gas prices improve off of near multi-decade lows. Investors do receive a K-1, which we view ...