BGR News and Press, BlackRock Energy and Resources Trust From 04/02/20

BlackRock Energy&Resources Trust (NYSE: BGR ) declares $0.068/share quarterly dividend , in line with previous. Forward yield 4.08% Payable April 30; for shareholders of record April 15; ex-div April 14. See BGR Dividend Scorecard, Yield Chart, & Dividend Growth. More n...

Pres. Trump tells CNBC he spoke to Russia's Putin and Saudi's Mohammed Bin Salman and expects the two countries to announce a 10M-barrel production cut and potentially a 15M-barrel cut. More news on: The United States Oil ETF, LP, Energy Select Sector SPDR ETF, iPath S&P GSCI Crude O...

Crude oil ( CL1:COM ) cruises higher a day after Pres. Trump said he expected Saudi Arabia and Russia would reach a deal soon to end their oil price war and Russia's Pres. Putin called for cooperation among producers. More news on: Crude Oil Futures, Exxon Mobil Corporation, Chevron Corp...

The BlackRock Energy & Resources Trust (NYSE: BGR ) is a closed-end fund that invests in energy sector stocks. The strategy here includes the use of options to enhance income in support of the fund's monthly distribution that currently yields 13.1%. What we like about BGR is that the por...

The U.S. shale industry's high-pressured wells and short drilling time mean the group is well positioned to benefit if the current oil price plunge causes long-term damage to production capacity, resulting in a price jump when demand returns, says Goldman analyst Damien Courvalin, offering...

Author's note : This article was released to members on March 24, 2020, and includes a rare reposting of our weekly commentary and actionable ideas. The Weekly Closed-End Fund Roundup will be put out at the start of each week to summarize recent price movements in closed-end fund se...

The energy sector ( XLE +4% ) takes an unaccustomed spot at the top of the S&P sector leaderboard, as U.S. oil futures firm with Pres. Trump and Russia's Pres. Putin agreeing to talks aimed at stabilizing energy markets. More news on: Energy Select Sector SPDR ETF, Noble Energy,...

U.S. crude oil (CL1: COM) settled at its lowest level since February 2002 , -6.6% to $20.09/bbl, as analysts forecast that quarantine measures are leading to the biggest-ever decline in oil demand. More news on: United States Brent Oil Fund, LP, The United States Oil ETF, LP, Energ...

The Environmental Protection Agency says it will ease enforcement of a range of legally mandated public health and environmental protections, saying industries could have trouble complying with them during the coronavirus. More news on: Energy Select Sector SPDR ETF, SPDR S&P Oil &am...

Making an appearance on CNBC , hedge-funder Leon Cooperman says his largest "out-of-consensus" bet is on energy (NYSEARCA: XLE ). "A lot of these stocks are selling at a fraction of underlying asset value." More news on: Energy Select Sector SPDR ETF, WPX Energy, Inc., Parsley Energy, In...