Pioneer Southwest
Energy Ptrs LP owns and acquires oil and gas assets in New Mexico and off shore
Texas. PSE was formed in 2008. Since
then it has grown profits per share from $2.02 to $2.24 and its dividend per
share from $.81 to $2.04 while earning a 30-50% return on equity.
(1) a huge
inventory of drilling opportunities,
(2) solid growth
in production.
Negatives:
(1) its exposure
to natural gas,
(2) fluctuations
in energy prices,
(3) unsuccessful
drilling and cost overruns.
PSE is rated B++
by Value Line, carries a 20% debt to equity ratio and its stock yields 7.8%.
Statistical Summary
Stock Dividend Payout # Increases
Yield Growth Rate Ratio
Since 2008
PSE 7.8% 2% 55% 2
Debt/ EPS Down Net Value Line
Equity ROE Since 2001 Margin Rating
PSE 20% 54% 1 58% B++
Ind Ave 43 14 NA 18
NA
Chart
Note:
PSE stock made good progress off its March 2009 low, quickly surpassing the
downtrend off its June 2008 high (straight red line) and the November 2008
trading high (green line). Long term the
stock is in a trading range (blue lines).
The wiggly red line is the 50 day moving average. The High Yield Portfolio owns a 50% position
in PSE. It is currently on the High Yield
Buy List. The lower boundary of its Sell
Half Range
01/13
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