2. Chevron (CVX), 4.3% yield
3. Marathon Oil (MRO), 3.8% yield
4. Conoco Phillips (COP), 5.4% yield
5. Valero (VLO), 3.2% yield
6. British Petroleum (BP), yield 8.5%
We added to our existing position in an ETF (KOL) that owns and tracks America’s version of a Middle East monopoly-Coal. At the same time, we initiated a new position in the United Natural Gas ETF (UNG), which was selling at a new 52 week low. Natural Gas is America’s second version of a Middle East power play, but right in the good ‘ole U.S.A.