PYPE - NuStar Energy: 10% Yield Is Nice But Don't Count On Growth

May, 26 2022 12:28 PM ETRACS NYSE Pickens Core Midstream Index ETN due August 20 2048

NuStar Energy is one of the largest crude oil pipeline operators in the United States.
NuStar management continues to be optimistic about the company's forward growth potential, but I do not see that as particularly likely.
The company's customers are not willing to dramatically increase production, which poses some real problems to NuStar's plans.
The global demand for crude oil is only expected to increase by 7% over the next twenty years, which is not particularly impressive.
The 10.22% yield appears to be sustainable, but this will probably be the only return an investor will reasonably get.

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Company Name:	ETRACS NYSE Pickens Core Midstream Index ETN due August 20 2048
Stock Symbol:	PYPE
Market:	NYSE