CorEnergy Infrastructure Trust (CORR) represents a unique approach to gaining energy exposure. As a REIT, CORR can be favorably held in accounts that cannot hold MLPs and the contractual nature of CORR’s revenues goes a long way to protect against the vicissitudes of energy prices. We like the company, but there are certain aspects of its business that are keeping us away for now. This article will cover the good and bad aspects of CORR and what changes could make it opportunistic.
Good aspects of CORR
- Integrity
- Visibility with long contracts
- Utility level