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CRT - Cross Timbers Royalty Trust: This 13%-Yielding Energy Stock Can Double Over The Next 2 Years
Cross Timbers Royalty Trust
Cross Timbers Royalty Trust (CRT) is a small-cap oil and gas trust whose stock price has been under pressure in the last two years, partly due to the slump in the price of oil caused by coronavirus. As a result, the stock is now offering a 13% dividend yield. However, the demand for oil is recovering at a fast pace and is likely to return to its pre-COVID-19 level within the next two years. Such a recovery will provide a strong tailwind to the price of oil, and thus, CRT can double