-
Posted by
Two Blokes May 23 -
Filed in
Stock
-
3 views
BlackRock Energy & Resources Trust's covered-call strategy has outperformed energy equities recently, but long-term total returns remain disappointing and lag the S&P 500. BGR's high distribution yield is unsustainable, as payouts exceed earnings, leading to a steadily declining NAV over time. OPEC+ is increasing oil production, pressuring oil prices and North American energy companies, which dominate the Fund's portfolio.
