PEO: Deep Discount And Big Oil Exposure [Seeking Alpha]
Adams Natural Resources Fund, Inc. (PEO)
US:NYSE Investor Relations:
adamsfunds.com/funds/natural-resources/at-a-glance
Company Research
Source: Seeking Alpha
This idea was discussed in more depth with members of my private investing community, CEF/ETF Income Laboratory. Learn More » Written by Nick Ackerman, co-produced by Stanford Chemist. Energy keeps the world moving. Adams Natural Resources Fund ( NYSE: PEO ) provides exposure to primarily the world's largest energy companies - though they also offer a bit of diversification. This closed-end fund trades at a big discount for big oil exposure. The fund also provides a regular distribution along with a year-end 'topper' payout to meet the 6% minimum distribution rate. I believe the above reasons make it worth considering this fund for your energy exposure. It appears Saba Capital Management believes it's a good place to put capital to work as well. This activist group has built a position in this fund, now amounting to over 7% of the outstanding shares. PEO isn't necessarily the largest fund, but that's still a substantial weight to be carrying. PEO Basics 1-Year Z-score: -0.5
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PEO
News
- Adams Natural Resources Fund (NYSE:PEO) Has Affirmed Its Dividend Of $0.10 [Yahoo! Finance]Yahoo! Finance
- Adams Natural Resources Fund Declares Distribution and Announces First Quarter PerformanceGlobeNewswire
- Collective Metals Provides Review of Fourteen Mile Target Area on its Princeton Property, B.C. [Canadian Business Journal (Canada)]Canadian Business Journal
- Collective Metals Provides Review of Fourteen Mile Target Area on its Princeton Property, B.C. [Yahoo! Finance]Yahoo! Finance
- Collective Metals Provides Review of Fourteen Mile Target Area on its Princeton Property, B.C. [Financial Post (Toronto, Ontario, Canada)]Financial Post
PEO
Sec Filings
- 4/24/24 - Form N-30B-2
- 4/24/24 - Form 13F-HR
- 4/10/24 - Form SC
- PEO's page on the SEC website