Wednesday, July 17, 2013

NTI: My Favorite Oil Stock — With a 20% Yield

Rarely, if ever, does a stock yielding over 20% annually get overlooked by most investors…

But that’s just what’s happening with the refining and retail company, Northern Tier Energy LP (NYSE: NTI).

After coming on to the scene in July 2012 at nearly $14 per share, NTI surged over 110% by March. It’s since declined and stayed in the mid-$20 range.

The chief reason for this decline is a pessimistic outlook in Northern Tier’s ability to sustain such a high dividend over a substantial period of time.

You can see that in the company’s stock performance.  (more)

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