UPDATE: Credit Suisse Initiates QR Energy at Neutral on Distribution Growth Visibility

27% profit every 20 days?

This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.

Credit Suisse initiated coverage on QR Energy (NYSE: QRE) with a Neutral rating and a $22 price target. Credit Suisse commented, "In our view, QRE's private equity sponsorship is a differentiating factor which will enable QRE to outperform its upstream MLP peers over time. Near term, however, we believe a Neutral rating is warranted until the partnership provides clarity on the headwinds it faces in 2013 and distribution growth visibility improves. Our target price of $22 provides the potential for a 15% total return over the next 12 months."QR Energy closed at $20.87 on Thursday.

27% profit every 20 days?

ENTER TO WIN $500 IN STOCK OR CRYPTO

Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!