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Albert Alfonso

 
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  • Prospect Capital: The Recovery Continues [View article]
    CL,

    The dividends are declared through Dec. Unless the company implodes, they will be paid.
    Jun 26 02:25 PM | 3 Likes Like |Link to Comment
  • Prospect Capital: The Recovery Continues [View article]
    ralph,

    You make a valid point. NII has been trending lower for several quarters now. However, keep in mind that the company does have some undisturbed gains it can tap into to cover the shortfall.
    Jun 26 08:22 AM | Likes Like |Link to Comment
  • Prospect Capital: The Recovery Continues [View article]
    Sting,

    I have read conflicting opinions on what a restatement would have meant for PSEC. I think the share price declined precisely due to the uncertainty surrounding the inquiry.
    Jun 26 08:07 AM | 1 Like Like |Link to Comment
  • Prospect Capital: The Recovery Continues [View article]
    IT,

    The Russell reconstitution and the lawsuit dismissal are both recent events. June 27 (the last trading day in the month) may see some heavy volume for the BDCs.
    Jun 26 07:57 AM | 4 Likes Like |Link to Comment
  • Pengrowth Energy: Firing On All Cylinders [View article]
    KenFF,

    You are correct. PGH's legacy assets are also performing well. As I noted in another comment, I think the $1.00 2014 FFO estimate is too low and may be boosted.
    Jun 26 03:08 AM | Likes Like |Link to Comment
  • Pengrowth Energy: Staying Bullish As 2P Valuations Nearly Double At Lindbergh [View article]
    Heather,

    A couple points from reading your article:

    PGH pays Canadian $0.48 per year in dividends, 4 cents per month, not $0.44.

    The dividend is not going to be raised as the company wants to lower its cash outflows (capex plus dividends) to under 100% of FFO.

    The value of Lindbergh will be updated every 6 months or so as new wells are drilled and reserves booked.
    Jun 26 02:56 AM | 1 Like Like |Link to Comment
  • Pengrowth Energy: Firing On All Cylinders [View article]
    Michael,

    Thanks for the kind words. Cannot wait to see the Q2 results. I think we might get a guidance raise given the high price of WSC.
    Jun 25 01:54 PM | Likes Like |Link to Comment
  • Pengrowth Energy: Firing On All Cylinders [View article]
    RSRinehart,

    The $50 million per year are indeed converted into new shares entitled to the dividend. However, companies can usually generate a return greater than the dividend yield. Think of it as a mini ATM program.

    DRIP programs are almost always dilutive to a certain extent. That being said, income investors love them, adding tons of long-term shareholders and lowering overall volatility. AS I noted earlier, about 20% of PGH shares participate in the DRIP.
    Jun 25 01:28 PM | Likes Like |Link to Comment
  • Pengrowth Energy: Firing On All Cylinders [View article]
    A large percentage (close to 20%) of shareholders chose to DRIP. PGH saves nearly $50million per year in dividends via the program.
    Jun 25 12:07 PM | 1 Like Like |Link to Comment
  • Pengrowth Energy: Firing On All Cylinders [View article]
    skilaki,

    I do not think so. PGH wants to first get its "all-in" payout ratio below 100% before visiting the dividend.
    Jun 25 09:28 AM | Likes Like |Link to Comment
  • Pengrowth Energy: Firing On All Cylinders [View article]
    ziggy,

    The chart in the article gives a breakdown of estimated capex. BTW, do note that Lindbergh is mostly self-funding after phase 1.
    Jun 25 09:27 AM | Likes Like |Link to Comment
  • Pengrowth Energy says Lindbergh 2P reserves have doubled in value [View news story]
    Incredible news from PGH. Well done.
    Jun 25 06:58 AM | Likes Like |Link to Comment
  • Vanguard Natural Resources: A Solid 8.0% Yield, Paid Monthly [View article]
    DGI,

    Large derivative gains/losses are common with the upstream MLPs. With VNR, this is especially the case given its recent acquisition.
    Jun 24 11:45 PM | Likes Like |Link to Comment
  • Is Enbridge's MLP Facing A Funding Crisis? [View article]
    The IDRs payments are being lowered in exchange for common equity.
    Jun 24 03:06 PM | 1 Like Like |Link to Comment
  • General Electric: The GE Capital Spin-Off Can't Come Soon Enough [View article]
    Royko,

    I have indeed been positive on Alstom. I think GE bought it at a reasonable price. You have to imagine it was a good deal if even Siemens was bending over backwards trying to steal it from GE.
    Jun 24 01:23 PM | Likes Like |Link to Comment
COMMENTS STATS
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