BUCKEYE PARTNERS L.P. $67 - New York symbol BPL

BUCKEYE PARTNERS L.P. $67 (www.buckeye.com) is seeing strong demand for its oil-storage terminals as many producers store their crude instead of selling it at today’s depressed prices. However, lower prices are hurting revenue at Buckeye’s wholesaling business, which sells refined fuels, such as gasoline, home heating oil and propane. That’s why the partnership’s earnings fell 12.4% in the third quarter of 2015, to $0.78 a unit from $0.89 a year earlier. However, Buckeye recently opened a refrigerated liquefied petroleum gas facility in Texas, which should boost its future cash flow. As a result, it raised its quarterly distribution by 1.1%. The new annual rate of $4.70 a unit yields 7.0%. Buy.

A professional investment analyst for more than 30 years, Pat has developed a stock-selection technique that has proven reliable in both bull and bear markets. His proprietary ValuVesting System™ focuses on stocks that provide exceptional quality at relatively low prices. Many savvy investors and industry leaders consider it the most powerful stock-picking method ever created.