Profit From the Black Gold Rush with This Stock

Oil hit a fresh two-year high this trading week, reaching upwards of $88 a barrel.

One way to profit from the current "black gold rush" is to find growing oil companies that also pay attractive dividends.

Marine Petroleum Trust (Nasdaq: MARPS) is one of these gems.

Established in 1956 as a way to efficiently administer oil and natural gas leases off the Louisiana shore, the Texas-based royalty trust offers a healthy 5.9% yield.

As a royalty trust, the company receives revenue from its interests in oil and gas wells and is legally required to distribute at least 90% of its distributable income (revenue less expenses) to shareholders as distributions. Income and distributions vary mainly based on changes in oil and natural gas prices and production volume.

Technically, MARPS is sky rocketing. The stock is in a steep accelerated uptrend and recently bullishly broke a multi-year basing pattern. (more)