NS has been a challenging hold at the Fund but we continue to have faith. At least we are getting paid well to wait.  I talked with IR Friday about the unusual weakness in the stock but they had no clue either.   I still like the fundamentals of the pipeline business and I think asphalt refining has hit bottom.

NuStar Energy L.P. (NYSE: NS) has been named as a Top 10 dividend paying energy stock, according to Dividend Channel, which published its weekly ”DividendRank” report. The report noted that among energy companies, NS shares displayed both attractive valuation metrics and strong profitability metrics. For example, the recent NS share price of $43.87 represents a price-to-book ratio of 1.4 and an annual dividend yield of 9.99% — by comparison, the average energy stock in Dividend Channel’s coverage universe yields 4.8% and trades at a price-to-book ratio of 2.7. The report also cited the strong quarterly dividend history at NuStar Energy L.P., and favorable long-term multi-year growth rates in key fundamental data points.

via Why NuStar Energy Is a Top 10 Energy Dividend Stock (NS) – Forbes.