IXC - BGR: Bullish As Energy Sector Sentiment Turns Positive (Rating Upgrade)
2024-03-15 07:59:50 ET
Summary
- BGR offers a 6.2% yield and monthly distribution through a diversified portfolio of large-cap global energy stocks.
- The price of oil has climbed to a 5-month-high, driving a new wave of positive sentiment into the sector.
- We are bullish on BGR which should continue delivering positive returns.
The BlackRock Energy & Resources Trust ( BGR ) invests across a portfolio of global energy stocks through a closed-end fund structure. The attraction here is the actively managed strategy that offers a 6.2% yield and monthly distribution, and favorably outperforming benchmarks over the past year....
BGR: Bullish As Energy Sector Sentiment Turns Positive (Rating Upgrade)