Power Hedge
Macro, energy, alternative energy, contrarian

NGP Capital Resources: High Dividend Energy Play But Declining NAV Is Worrying

NGP Capital Resources (NGPC) is a business development company operating in the energy and natural resources sector but not exclusively limited to investing solely in that sector. The firm's website states that it also provides financing to other sectors in the broader middle market including niche manufacturing, value-added distribution, business services, healthcare, and consumer services. But, make no mistake; the company invests primarily in energy companies. Therefore, it could be an intriguing way to invest in the energy sector and collect a high dividend yield.

NGP Capital Resources primarily makes its investments in privately-held or thinly-traded companies in line with its status as a business development company. This can result in some difficulty calculating a value for the company's assets...

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