Obama Says We Have Enough Pipelines - I Disagree!
NEW YORK (TheStreet) -- Almost all of us have heard the debate over the Keystone Pipeline. It was a "shovel-ready" project that could have created thousands of badly needed jobs at time when we desperately need them. This pipeline would have brought oil from one of our closest allies in Canada. Last time I checked, Canada has not burnt down any of our embassies lately.
In the most recent debate, President Obama stated that we don't need any more pipelines -- we have enough. Why then, Mr. President, am I paying almost $5.00 for a gallon of gas? It has even gotten painful to fill up my Ford Hybrid.
Doesn't Obama's stance make the existing pipeline stocks that much more valuable? Let's check out one of my favorite holdings right now in this space.
I love stocks that pay dividends. I love stocks that steadily increase their dividend over time. I also love stocks that deliver capital appreciation. If I can own a stock that delivers all three of these income streams, I am a happy investor indeed.
Many of the publicly traded master limited partnerships have been very good to investors over the years. I want to warn you however, that if you own an MLP in a non-qualified account, you will have to file an extra partnership return with your taxes each year that you own the MLP. You can get around this, if you wish, by owning one of the exchange traded funds that track the publicly traded master limited partnerships. We even now have an MLP index that you can invest in. I rank all of the various indices out there on a daily basis. I rank them on short-term, intermediate-term and long-term performance. The MLP index is ranked No. 7 overall right now. Note that it is ranked right below the Nasdaq -- not too bad!
Data from Best Stocks Now App
Among the income-and-growth-oriented accounts I manage, one of my favorite positions right now is Magellan Midstream Partners (MMP). I publish the 20 to 25 holdings in this model portfolio every weekend. Click here to get four free weeks.
Select the service that is right for you!
COMPARE ALL SERVICESAction Alerts PLUS
TRY IT FREEJim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
Product Features:
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Dividend Stock Advisor
TRY IT FREENew! $49.95/yr
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
Product Features:
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Stocks Under $10
TRY IT FREEDavid Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.
Product Features:
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
- Weekly roundups
Real Money
TRY IT FREE24/7 market commentary from Jim Cramer and 20+ veteran Wall Street gurus. Get access to the latest trading ideas on stocks, options, and ETFs as well as a real-time forum to see the pros exchanging their investment ideas.
Product Features:
- Jim Cramer + 20 Wall Street pros
- Intraday commentary & news
- Real-time trading forum
- Actionable trade ideas
Real Money Pro
TRY IT FREEAll of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
Product Features:
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Options Profits
TRY IT FREEOur options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
Product Features:
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV
