CONE Midstream Partners – New Growth Focused Position for 30 Day Dividends
The market has knocked the unit value of CONE Midstream Partners LP (NYSE:CNNX) down by almost half since early November. This midstream MLP has excellent built in growth prospects, and I believe the market has now underpriced the distribution growth potential.
CNNX will be a focus article in the April issue of 30 Day Dividends. The unit price appears to be establishing a floor in the $18.00 to $18.50 range, so I wanted to get the word out now for subscribers.
CNNX will be in my newsletter recommendations as a longer term position, waiting for the market to realize that the company is well positioned to generate close to 20% annual distribution growth. This type of growth should result in unit price gains to push the current 4.6% yield down below 4%.
Recommendation: Buy CNNX below $18.50.
More details on how the growth will be attained and my price projections coming in two weeks.