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DCP - FEN: Not A Good Value Today
July, 11 2021 08:52 AM
DCP Midstream LP
FEN is one of the more popular midstream closed-end funds on the market. The fund is reasonably well-diversified, although it does appear to be betting pretty heavily on a recovery in the demand for refined products. The long-term fundamentals for midstream companies are reasonably positive despite the Biden Administration's hostility towards them. The fund appears to be overdistributing as its NAV declined in both 2020 and 2019, one of which was a good year for the industry. The fund appears to be overvalued at the present price. For further details see:
FEN: Not A Good Value Today
Stock Information
Company Name:
DCP Midstream LP
Stock Symbol:
DCP
Market:
NYSE
Website:
dcpmidstream.com
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