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Akaralph

 
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  • How Kinder Morgan Impacts Master Limited Partnerships [View article]
    KMI is the General Partner. MLP's do not pay dividends, they pay distributions.
    Aug 27 04:09 PM | 3 Likes Like |Link to Comment
  • Prospect Capital: What Comes Next? Part 4 [View article]
    Buzz -

    Interest rate increases would certainly affect those BDC's that are active borrowers, or those that have poor credit ratings.

    By the way, you can post your whiny, derogatory e-mails as comments - I have no problems with that.
    Aug 27 03:03 PM | Likes Like |Link to Comment
  • Prospect Capital: What Comes Next? Part 4 [View article]
    I think the big concern for the entire BDC sector is the probability of interest rate increases in the next six months or so. This would adversely affect all BDC's, not just PSEC.

    I liquidated my BDC holdings (MCC and TCPC) a few weeks back, and will wait on the sidelines before getting back in (hopefully).
    Aug 27 12:19 PM | Likes Like |Link to Comment
  • Seadrill -4% despite Q2 earnings beat, calls a halt to newbuilding orders [View news story]
    Don't forget that SDRL still has a $20B backlog.
    Aug 27 10:14 AM | 2 Likes Like |Link to Comment
  • Prospect Capital: What Comes Next? Part 4 [View article]
    Buzz -

    I do not think that PSEC will be cutting the dividend unless they report a few more quarters of inadequate coverage.

    On the other hand I do not see any significant upside in the stock price.

    Looking out a few months, changes to interest rates are likely to tank the entire sector.

    I sold my BDC positions (MCC and TCPC) a few weeks ago, and will remain on the sidelines for a while.
    Aug 27 09:26 AM | Likes Like |Link to Comment
  • Prospect Capital: What Comes Next? Part 4 [View article]
    Most definitely time to move out of PSEC - seems to be in serious decline. Would not suggest any exposure to BDC's where NII fails to cover the dividend.

    MCC and TCPC continue (in my opinion) to be close to the top of the BDC leaderboard.
    Aug 26 02:16 PM | 8 Likes Like |Link to Comment
  • Crestwood Midstream Partners Poised For Distribution Growth And 50% 1-Year Return [View article]
    I agree Bruce. Have a small position in CMLP as result of the merger, and while their DCF and coverage ratio is improving the CAGR is barely above 5%.
    Aug 25 10:21 AM | 2 Likes Like |Link to Comment
  • Pacific Coast Oil Trust: Regulatory Fears Unfounded, While Units Yield 15% And Sell At A Discount [View article]
    Marek-

    Your bitterness has caused you to overlook the message in my comment. I was relating my experience with FRHLF.

    Everyone has had a bad experience with stocks somewhere - evidently, yours was a big one. Sorry for you, but there are good opportunities north of the border.
    Aug 25 09:11 AM | Likes Like |Link to Comment
  • A High Income 'Sleep Soundly' CEF Portfolio [View article]
    John-

    Your CEF picks are very good in a stable market environment. Check how they (the ones that existed) did during the period 10/9/07 - 3/9/09 (the last Bear Market). You might have a few nightmares.
    Aug 25 08:44 AM | 1 Like Like |Link to Comment
  • Pacific Coast Oil Trust: Regulatory Fears Unfounded, While Units Yield 15% And Sell At A Discount [View article]
    Marek -

    Have owned several Canadian stocks which have been quite profitable. 15% withholding in taxable accounts which is a Federal Income tax credit.

    Generally not taxed in IRA's (depending upon the transfer agent).
    Aug 23 06:26 PM | 2 Likes Like |Link to Comment
  • Pacific Coast Oil Trust: Regulatory Fears Unfounded, While Units Yield 15% And Sell At A Discount [View article]
    REDI -

    The finite life oil/ng trusts did not promise oil and gas that does not exist. It just doesn't seem to exist in the quantities that they anticipated.

    Any way you look at it if Measure P fails, they will line up with new measures.

    There are far, far better trusts in which to invest. Don't discount some of the Canadian ones like FRHLF.
    Aug 23 10:56 AM | 2 Likes Like |Link to Comment
  • Pacific Coast Oil Trust: Regulatory Fears Unfounded, While Units Yield 15% And Sell At A Discount [View article]
    Even though ROYT is a perpetual trust, it has been adversely impacted by finite life trusts such as SDR, ECT, CHKR, SDT etc. It is also relatively new.

    Going forward, it will probably continue to be impacted by the fact that its properties are located in the land of the crazies. No one knows what elected officials will do in response to the whims of the eco-whackos, least of all which way the wind will blow Jerry Brown.

    If one is interested in trust income it would make more sense to not chase yield in ROYT, but to look at the old line perpetual trusts like SJT, PBT, CRT, DMLP etc. Yields here are in the 7-8% range, but much less volatile.
    Aug 23 08:58 AM | 5 Likes Like |Link to Comment
  • A Closer Look At Regency Energy Partners' Q2'14 Distributable Cash Flow [View article]
    DCF has kicked up over the past two quarters. I think with integration of recent acquisitions, holders will see further increases in both DCF and distributions.

    I took a small position in RGP just prior to the Ex-Div date.
    Aug 22 03:56 PM | 3 Likes Like |Link to Comment
  • Paragon Offshore: A Spin-Off With Minimum 40% Upside Potential [View article]
    Bulldog-

    And so is the author.
    Aug 21 06:30 PM | 1 Like Like |Link to Comment
  • Paragon Offshore: A Spin-Off With Minimum 40% Upside Potential [View article]
    Help me out here. PGN shows a current price of $9.60/sh. Yahoo shows a $2.48/sh. dividend.

    Something is way out of whack here.
    Aug 21 01:59 PM | 1 Like Like |Link to Comment
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