Gold Stocks Compellingly Attractive After 40% Pull Back from April Highs

Gold Stocks have pulled back 40% from their April highs as measured by the GDX, gold miner ETF. Markets are assuming inflation has peaked and will come down to reasonable levels. The combination of possible recession and the Fed’s quantitative tightening has lead markets to assume inflation will be brought under control. We believe it is unlikely that the runaway inflation can be brought down to 2-3% in the short term.

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Equitrans Midstream (ETRN) Big Dividend set to Surge as MVP comes Online in 2023

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• Top tier development asset with the Mountain View Pipeline (MVP) finally gaining support in the Senate after years of delays.
• MVP start up will cause cash flow and dividend to surge.
• Top tier 6.31% forward dividend yield, paying out $0.60 per share today, over $1.00 by 2024
• 8 Bcf/d in gathering and transport capacity, with 7 connections to interstate pipelines.
• Pipelines have high-capacity utilization and return on invested capital.
• Strong delevering plan, supported by strong FCF generation capacity and long-length contracts.

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Flash Sale of Dividend Stocks

Building Benjamins

Flash Sale of Dividend Stocks August 31, 2022 The following dividend stocks were sold. Exiting Pfizer Inc. (PFE) as the COVID drug and vaccine sales spike is over. In addition, PFE has the risk of some litigation regarding its COVID vaccine. Silvercrest Asset Management Group Inc. (SAMG) and Artisan Partners Asset Management Inc. (APAM) are running…

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Equitrans Midstream Big Dividend Set to Flow with MVP

• Top tier development asset with the Mountain View Pipeline (MVP) finally gaining support in the Senate after years of delays.
• MVP start up will cause cash flow and dividend to surge.
• Top tier 6.31% forward dividend yield, paying out $0.60 per share.
• 8 Bcf/d in gathering and transport capacity, with 7 connections to interstate pipelines.
• Pipelines have high-capacity utilization and return on invested capital.
• Strong delevering plan, supported by strong FCF generation capacity and long-length contracts.

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Civitas Free Cash Flow and High Dividend Yield Powerhouse

• Dividend Yield is projected to be 12% for this year, with an Estimated Fair Value of $108 per CIVI share.
• Accretive acquisitions, all while keeping Debt/EBITDA below 0.5x for E2022.
• Highest-in-sector base dividend yield, paying out 50% FCF (Free Cash Flow) on top of 3.1% base.
• First-ever net-zero exploration and production firm in Colorado, using a combination of investment in emissions reduction and carbon offset credits.
• 175 mboe/d across 500,000 acres of land in the DJ Basin.
• Big Dividend Increase with stock having corrected from 85 makes this a compelling dividend income and capital appreciation stock.

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Petrobras Unveils New Footing With Record Dividend

• Record dividend payout, bringing yield to 21.3%.
• Sweeping strategic plan to streamline and expand the best assets while divesting from domestic energy production and for-domestic oil refining in favor of natural gas capacity.
• Innovative floating production storage and offloading facilities (FPSOs) blends the higher throughput of onshore production with the relatively low cost of offshore production.
• Dividends are guaranteed at above $40 per barrel (bbl), paying out at a minimum 25% of net income as a base.

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July 2022 Economic and Market Review

Building Benjamins

Economic and Market Review July 30, 2022 Recession Concerns Remain High Recession concerns are rising as company earnings, employment data, and economic growth estimates continue to demonstrate an expected slowdown in the economy. Second quarter Gross Domestic Product (GDP) released in July showed a -0.9% decrease in GDP, following a -1.4% decline in the first…

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