I am looking for yield, would this be a good pick?
You could do worse.
Inergy is in the recovery phase after a roller coaster ride due to propane prices.
They are in the process of divesting their propane ops to Suburban Propane. That will leave them as a pure play midstream company. They own the incentive distribution rights and about 75% of NRGM plus some assets at NRGY level.
Long term this is shaping up to be a nice distribution growth story..but first, they have to see if they can complete the SPH deal which looks like it is struggling...
NRGY is an unknown right now- Yes the sale of its propane (problem division) will PROBABLY be very positive BUT whats left is an unknown. I do own a little BUT there are better more solid plays ETP, EPD etc etc. The key to ALL BUYS- wait for market corrections so you are paying lower prices.