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Albert Alfonso  

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  • Breitburn Energy Partners: A Sickening Decline [View article]
    gawilley,

    CNBC will rot your brain. Bloomberg is much better and you can stream them on your computer.
    Jan 13, 2015. 12:51 PM | 6 Likes Like |Link to Comment
  • Breitburn Energy Partners: A Sickening Decline [View article]
    Or maybe its old-school capitalism. Run your competition out of business by destroying margins. Buy up the pieces when enough carnage has been inflicted.

    Nevertheless, I do not think the Saudi's are after the US shale boom. They just want to rein in some of the "cheaters" in OPEC and maybe punish Iran/Iraq/Russia. The US is just collateral damage.
    Jan 13, 2015. 12:50 PM | 12 Likes Like |Link to Comment
  • Breitburn Energy Partners: A Sickening Decline [View article]
    gawilley,

    Upstream MLPs get very few amounts of insider buying. Maybe its the tax structure?
    Jan 13, 2015. 11:08 AM | 2 Likes Like |Link to Comment
  • Breitburn Energy Partners: A Sickening Decline [View article]
    Akaralph,

    So you agree that the decline of oil is due to factors outside supply and demand? The media has been pushing the "oil glut" thesis ad nauseam.
    Jan 13, 2015. 11:07 AM | 2 Likes Like |Link to Comment
  • Breitburn Energy Partners: A Sickening Decline [View article]
    SJF2005,

    BBEPP is a solid play as well.
    Jan 13, 2015. 10:59 AM | Likes Like |Link to Comment
  • Breitburn Energy Partners: A Sickening Decline [View article]
    JHHAlpha,

    I have a similar feeling that the oil market is being manipulated. However, I have read that SA and its Gulf state allies are losing over $1B per day at current oil prices. Are they really that determined to kill the US shale boom?
    Jan 13, 2015. 10:17 AM | 2 Likes Like |Link to Comment
  • Breitburn Energy Partners: A Sickening Decline [View article]
    crl1603,

    Not a lot of companies can survive $50 oil through 2016-2017. If that is the case, a no distribution/dividends should be paid by any E&P except the likes of XOM/CVX.
    Jan 13, 2015. 10:09 AM | 2 Likes Like |Link to Comment
  • Kinder Morgan: The Bullish Thesis Is Reaffirmed [View article]
    OKS/OKE is a good value at current prices. I also like PBA and ENB.
    Jan 13, 2015. 08:45 AM | 1 Like Like |Link to Comment
  • Exploring The Risk Level For CYS Investments, Inc. [View article]
    CWMF,

    No discussion of a mREITs risk is complete without looking at leverage. CYS has lower leverage than many of its pure-play agency peers. CYS was a solid investment in 2014 and a crappy one in 2013.

    As for 2015, the Fed hold the reins. If they act as expected, CYS will outperform. If they vacillate again, all hell will break loose. The market is pricing in something in between those two scenarios.
    Jan 13, 2015. 07:18 AM | 5 Likes Like |Link to Comment
  • Ellington Financial: A 15% Yield Trading At A Double-Digit Discount To Book Value [View article]
    Mktneutralhedger,

    How EFC differentiate itself from competitors? Look at its book value history in 2013. Many mREITs loss close to 40% of their value that year while EFC was flat.
    Jan 12, 2015. 09:10 PM | 1 Like Like |Link to Comment
  • Ellington Financial: A 15% Yield Trading At A Double-Digit Discount To Book Value [View article]
    11802571,

    Do not feel that bad. My cost basis is around $22.75. However, I have been long since 2012 and have gotten at least $7 back in dividends.
    Jan 12, 2015. 09:08 PM | Likes Like |Link to Comment
  • Ellington Financial: A 15% Yield Trading At A Double-Digit Discount To Book Value [View article]
    As was noted in an earlier comment, EFC went from always trading at a small premium/par to a 10%+ discount.

    They are only about 40% to 50% invested in agency paper, so not a pure-play mREIT. They are not a BDC either nor have they issues equity at below book like PSEC or cut the dividend like EFC.

    In other words, not apples to apples.
    Jan 12, 2015. 09:05 PM | 2 Likes Like |Link to Comment
  • Kinder Morgan: The Bullish Thesis Is Reaffirmed [View article]
    OPEC could become defunct if it does not act soon.

    From my count, the following countries need a bailout ASAP or higher energy prices to survive:

    Venezuela
    Ecuador
    Nigeria
    Angola
    Iran
    Iraq
    Libya

    The following large countries are set to enter a recession due to lower oil prices:

    Russia
    Canada

    The following countries can survive lower oil prices for an extended period

    The gulf oil states
    Saudi Arabia
    Norway
    Jan 12, 2015. 08:58 PM | 4 Likes Like |Link to Comment
  • Kinder Morgan: The Bullish Thesis Is Reaffirmed [View article]
    richjoy403,

    The "new" Kinder Morgan is made up of the old KMI/KMP. KMI has been increasing its dividend nearly every quarter since 2011 when it reemerged as a public company. KMP was doing so since the 1990s.

    I mean if you think 4 years is not enough to set a precedent then your point is valid. However, I feel comfortable with my statement given the prior history of the older companies plus the projected growth through 2020. As with many investment ideas, things are open to interpretation and does imply one side is wrong and the other right.
    Jan 12, 2015. 08:51 PM | 3 Likes Like |Link to Comment
  • Kinder Morgan: The Bullish Thesis Is Reaffirmed [View article]
    richjoy403,

    Keep in mind that KMI was publicly traded before 2011. They were taken private in a leveraged buyout.

    http://for.tn/1KCY2wR
    Jan 12, 2015. 02:49 PM | Likes Like |Link to Comment
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