1. The author discusses the strategy of buying on the way down and slowly increasing position size, with Paramount Resources being a rare exception. 2. The combination of the company's net cash on the balance sheet and incorrect option premiums created a unique opportunity. 3. The author mentions the focus on capital preservation and the search for real yields to reduce portfolio volatility.

1. Oaktree Specialty Lending reported a $0.01 per share miss in net investment income for Q4, but supported its dividend with NII. 2. Despite credit problems, the BDC's change in management fee structure is positive. 3. OCSL's first-lien strategy, with 82% of funds in senior secured first liens, supports its reputation as a stable dividend payer. 4. Trading at an 11% discount to book value, Oaktree Specialty Lending offers a favorable risk profile for investors with above-average risk tolerance.

1. Barings BDC offers an appealing 11% yield and is undervalued, making it a solid choice for passive income investors. 2. Improved credit trend, lower non-accrual ratio, and a 25% YoY increase in net investment income enhance dividend safety. 3. The stock trades at a 15% discount to NAV, presenting a potential upside if credit issues remain managed.

1. Enterprise Products Partners and MPLX are both strong candidates for retirement passive income due to their robust business models and balance sheets. 2. EPD's business model is highly defensive with significant contract-based cash flow and diverse assets. 3. MPLX, controlled by Marathon Petroleum, focuses on stable cash flows and strategic growth projects, offering a higher distribution yield.