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BlackRock Energy & Resources Trust offers 6.63% yield amid rising oil prices and sector value at a discount.

Market News
12 Sep 2026
Seeking Alpha
View Source
Bullish
BlackRock Energy & Resources Trust offers 6.63% yield amid rising oil prices and sector value at a discount.

The BlackRock Energy & Resources Trust (BGR) is a closed-end fund providing diversified exposure to energy sector equities, including upstream, midstream, and refining companies. It benefits from rising crude oil prices and a widening 3-2-1 crack spread due to global supply disruptions and diesel shortages. The fund offers a 6.63% yield, fully covered by net investment income and realized gains, with a consistent and recently increased distribution. Currently, BGR trades at a 9.87% discount to its net asset value, aligning with its five-year average, presenting a reasonable value opportunity for investors seeking energy sector exposure.

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