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home / news releases / DCP - FEN: Not A Good Value Today


DCP - FEN: Not A Good Value Today

  • 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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