PGH is taking another run

    Posted by smoothy on 6th of Jun 2013 at 10:29 am

    PGH is taking another run at new recent highs and displaying great relative strength. Keep in mind that this is not a good trading vehicle as they issue K-1's for tax filing so I doubt anyone here will be interested now. It is however an outstanding dividend payer for old guys like me who need income for retirement. If you don't know about MLP's (master limited partnerships) you may want to start paying attention to them as long term investments. With the new found energy boom that has come to America MLP's could be an important cornerstone of any retirement plan.

    FYI...Other MLP's that are recognized as among the greats...EPD, KMP. MWE.

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