The Buru Energy Limited (ASX: BRU) share price is charging higher today after the small-cap ASX energy share provided an operations update. At the time of writing, Buru shares have rallied 15% to 11.5 cents per share, taking the company’s current market capitalisation to around $50 million.

Buru Energy is an oil and gas exploration and production company. It is focused on exploring and developing the petroleum resources of the Canning Basin in the Kimberley region of Western Australia. With this, the company holds interests in a portfolio of exploration permits covering around 5.5 million gross acres in the Canning Basin. It also has a 50% operating interest in the currently producing Ungani Oilfield.

What did Buru Energy announce?

This morning, Buru provided an operations update regarding Ungani oil sales and production. Notably, the company revealed it has been buoyed by the improving crude market, with increases in the Brent oil price during May resulting in additional revenue from the May lifting of around US$200,000.

The company also announced that the next lifting of Ungani crude from Wyndham Port, which is expected to be in mid-July, has been sold on a spot basis.

The Ungani joint venture plans to continue to sell crude on a spot basis while it reviews the potential for entering into another longer-term offtake agreement.

The received price of the July lifting will be based on the average dated Brent oil price for the month of July, less an agreed discount to reflect an increase in marine transport charges to a refinery in Asia.

Meanwhile, Ungani field production is currently 1,250 barrels of oil per day and a series of well optimisation activities have been planned.

Buru also noted that its current farm-out process is progressing well. Various parties have accessed the virtual data room and with COVID-19 restrictions easing, locally-based interested parties are now able to physically attend Buru’s office to access the geophysical database.

Commenting on today’s update, executive chair Eric Streitberg said:

“We are very pleased and relieved to see the firming oil price that gives us a healthier return from our oil sales. Although we are facing higher shipping charges and tightening refinery terms, there is still a good market for our particular high quality crude from Ungani.

Our strong cash position and our high quality exploration portfolio puts us in a good position to weather the current storms and it has also been very pleasing to see the share price improving. Although like many other companies our share price is still near historic lows, it is at least now reflecting a value greater than our cash position.”

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Motley Fool contributor Cathryn Goh has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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Finding shares with a dividend yield over 10% requires looking in a few odd places and sometimes making a few sacrifices. Income investing requires a bit more initial capital and a bit more time.

The practice of dividend harvesting is still popular; where you buy high-yielding shares prior to the ex-dividend date and then sell them off again shortly afterwards. However, I personally have found that to be fraught with risks. 

 The truly great income investing opportunities were around 23 March when the market bottomed out. But there are still very good investments available if you look for them.

High-confidence dividend yield, short duration

Orora Ltd (ASX: ORA) goes ex-dividend on 19 June. At Wednesday’s closing price it would produce a special dividend payout of 13.6%. Moreover, the company also received a windfall from the sale of one of its businesses. This means it is going to distribute an additional payment to shareholders. At yesterday’s closing price this means a total payment of 18.1% to be paid on 29 June. 

Orora has consistently grown its dividend by about 13.8% over the past 6 years. While this is a special dividend, the company’s current low share price increases the yield of future payments. The Orora share price is down by 12.9% YTD.

Out-of-favour shares

Yancoal Australia Ltd (ASX: YAL) is one of those shares that some people may well refuse to own. Despite this, it is a very well run company and has positioned itself for further production growth. It currently trades at a very low price-to-earnings ratio of 3.95. Its present twelve-month trailing dividend is 14.68%. Which is an almighty yield from a company worth $2.8 billion.

The company has only been paying dividends for the past 2 years. However, its policy statement reads “…Yancoal will target a dividend payout of (A) 50% of net profit after tax (pre-Abnormal Items); or (B) 50% of the free cash flow (pre-Abnormal Items), whichever is higher.”

Foolish takeaway

Presuming you split $5,000 evenly between these two options, and that the Yancoal dividend remained the same or higher, the return would be at least $818 (16.4%) a year from now. 

More reading

• 3 cheap ASX manufacturing shares for the supply chain boom
• Top ASX Stock Picks for June 2020
• Buy this ASX 200 share now for an 18% dividend yield in a month
• Has China banned Australian coal?
• Top ASX Dividend Stock Picks for May 2020

Motley Fool contributor Daryl Mather has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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Do you have $10,000? I think ASX shares are the perfect place to invest it.

I believe ASX shares are a great way to grow your wealth with minimal effort. But in this coronavirus era we need to be careful. I’d only want to buy shares with good prospects that will be fine if there’s a worse-than-expected downturn.

Here are long-term ASX shares I’d go for:

Bubs Australia Ltd (ASX: BUB) – $2,000

Bubs is an exciting infant formula business which specialises in goat milk products. Just like previously successful infant formula businesses, Bubs is growing revenue strongly in Asia. Both China and Vietnam are generating good growth right now for Bubs.

The ASX share is steadily adding new products, including an organic grass-fed cow infant formula product which may also prove to be popular.

Growth is accelerating due to the coronavirus and Bubs generated a positive operating cashflow in the last quarter. It’s in a strong position.

MFF Capital Investments Ltd (ASX: MFF) – $3,500

MFF Capital is a listed investment company (LIC). It’s run by the high-performing Chris Mackay who has recently moved almost half of the portfolio to cash. So at the moment MFF Capital is a good hedge against another US share market fall which could easily happen because of what’s going with the pandemic and riots.

ASX shares are great, but globally there are some fantastic businesses to be invested in like Visa and Mastercard. It’s these types of businesses that will benefit from the shift to online shopping.

Pushpay Holdings Ltd (ASX: PPH) – $3,000

Pushpay is an electronic donation business. At the moment its focus is facilitating donations from congregations at medium and large US churches.

There is a strong demand for digital giving right now due to the social distancing measures in the US. That’s partly why management are expecting earnings before interest, tax, depreciation, amortisation and foreign currency (EBITDAF) to approximately double in FY21.

Pushpay is one of my favourite ASX shares at the moment because of how much growth it could achieve over the long-term. It’s targeting a $1 billion revenue opportunity in the US church sector. There are other countries and other not-for-profit areas it can grow in.

Brickworks Limited (ASX: BKW) – $1,500

The Brickworks share price has climbed 23% since the middle of May, so I don’t think it’s as good value now as a few weeks ago. But I think it’s still compelling.

The value of its Washington H. Soul Pattinson and Co. Ltd (ASX: SOL) shares continues to grow. Its 50% stake in the industrial property trust will be even more important because of the shift to ecommerce.

The ASX share could be a beneficiary from the government’s plan to encourage house building and large renovations, which would really help the Australian building products division. I think construction could recover quicker than some expect.

Foolish takeaway

I believe all four of these ASX shares have a good chance of beating the market over the next four years. I like the optionality that MFF Capital provides with its large cash balance, but Pushpay and Bubs could also grow into quite large businesses over time.

More reading

• Why it’s a good week to buy international shares
• Should your share portfolio actually be 50% cash right now?
• 3 Warren Buffett ASX dividend shares you can buy right now
• 3 of the best ASX shares to buy with $3,000 right now
• Why I’m not afraid to invest in shares during this recession

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