BGR: An Energy Strategy For Income Investors [Seeking Alpha]
BlackRock Energy and Resources Trust (BGR)
US:NYSE Investor Relations:
blackrock.com/investing/products/240226/blackrock-energy-and-resources-trust-fund
Company Research
Source: Seeking Alpha
BGR's strategy includes covered call writing to generate income on equity holdings. Risks include manager discretion, options limiting upside, commodity price volatility, and thin trading with persistent NAV discounts. I rate BGR a "Buy" with a 2%-4% target allocation but suggest investors also consider PEO as a peer alternative for energy sector exposure. J Studios/DigitalVision via Getty Images The BlackRock Energy & Resources Trust ( NYSE: BGR ) is a closed-end fund (CEF) designed to provide investors with income and growth with exposure to equities of energy and natural resources companies. BGR has an expense ratio of 138 bps and pays out a This article was written by Analyst's Disclosure: I/we have a beneficial long position in the shares of CVX, XOM either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business rel
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