Seeking Alpha
View as an RSS Feed

Clayton Rulli  

View Clayton Rulli's Comments BY TICKER:
AAPL, ABCS, ACAS, ADEP, AERO, AFL, AGNC, AIG, AKAM, AMJ, AMLP, AMT, AMZN, ANGI, ANR, APA, APL, ARCP, ARMH, ARR, AT, ATHL, AUY, BA, BABA, BAC, BAM, BBEP, BBRY, BCEI, BIDU, BIP, BLMN, BNCC, BNS, BP, BPL, BPT, BRCM, BRG, BRK.A, BTU, BX, C, CAT, CBI, CCI, CEB, CELG, CERN, CHD, CHK, CHKR, CLF, CLR, CMO, COH, COLE, COP, CORR, COSWF, CP, CRC, CRZO, CSCO, CTB, CTL, CVX, CYNK, CYS, DD, DECK, DEO, DOW, DPS, DVY, EBAY, EEP, ELY, EMC, ENH, EOG, EPB, EPD, EPL, EPSEF, ESV, ETE, ETP, EWW, EXC, EXXI, F, FANG, FB, FCX, FISH, FOSL, FRBK, FTR, FXI, GCVRZ, GDP, GE, GEL, GLD, GLUU, GM, GMCR, GME, GOOG, GOOGL, GPL, GPRO, GPT, GS, GSK, GSVC, GTATQ, HCLP, HD, HEMP, HES, HK, HLF, HPQ, HTZ, IBM, IGNMF, INTC, IPO, IRBT, IVV, IXYS, JCP, JOEZ, JPM, JRCCQ, KMI, KMP, KMR, KO, KOG, KORS, KRNY, KWK, LIME, LINE, LNCO, LNG, LNREF, LOGI, LUFK, LUK, MCP, MDLZ, MGPHF, MHR, MNKD, MNST, MO, MONT, MORL, MPW, MSFT, MT, MTDR, MU, MVO, MWE, NADL, NCQ, NCT, NDRO, NFLX, NFX, NG, NHEGY, NHUR, NJR, NLY, NOK, NRF, NSC, NVAX, NVDA, NYLD, OAS, OIH, OUTR, OXY, P, PAA, PCXCQ, PDLI, PEG, PER, PG, PGLC, PII, PKY, PM, PRXI, PSX, PTAXF, PVA, PXD, QCOM, QQQ, QRE, RDS.A, RDS.B, REM, RIG, ROSE, RRMS, RSH, S, SAN, SAND, SBSI, SBUX, SCCO, SD, SDR, SDRL, SDS, SGOL, SHLD, SIRI, SLB, SLCA, SLRC, SLV, SLW, SN, SNH, SNY, SPP, SPU, SPY, STON, STRP, STXS, SVVC, SWHC, SYY, T, TD, TLM, TPCA, TPLM, TPX, TQQQ, TRLA, TRN, TRP, TSLA, TST, TWTR, UNG, UNP, UPL, UVXY, VALE, VFC, VICL, VNR, VOD, VXX, VZ, WEN, WFT, WHX, WHZ, WLL, WM, WPX, WTSL, WY, XES, XIV, YHOO, Z, ZAGG, ZARFF, ZERO, ZNGA
Latest  |  Highest rated
  • Enterprise Products Partners: Huge Project Pipeline Will Support Distribution Increases [View article]
    Chuck- I think that's a concern for any dividend stock. I would argue EPD requires debt issuances to fund meaningful expansions ( see link in article), so high rates would hurt EPDs ability to raise capital. However, we have a long way to go before this happens.

    Also, we have the possibility of investors switching to risk free yield instead of MLP's, which is a very real risk. I think EPD is one of those companies you can hold for decades with success, that is if you believe in the US shale renaissance. I think this concern about rates will one day be gone and we will look back and giggle at this conversation as we admire our EPD positions.
    Aug 27, 2013. 08:26 AM | 4 Likes Like |Link to Comment
  • Constellation Energy Partners: New Ownership Is Transformational [View article]
    Slide 4 in the 2012 10-k explains the Sanchez Group relationship: http://bit.ly/12HkzDD
    They function as one unit with one goal- GROWTH!
    Aug 27, 2013. 08:02 AM | Likes Like |Link to Comment
  • Enterprise Products Partners: Huge Project Pipeline Will Support Distribution Increases [View article]
    Thanx I submitted correction. EPD is a buy right now for the long term holder, but if shares drop closer to the 200 day MA by chance, that'd be even better.
    Aug 27, 2013. 07:55 AM | Likes Like |Link to Comment
  • Constellation Energy Partners: New Ownership Is Transformational [View article]
    its impossible for me to say as they would need more drop downs from their new "sponsor" :-)
    Aug 26, 2013. 02:10 PM | 1 Like Like |Link to Comment
  • Constellation Energy Partners: New Ownership Is Transformational [View article]
    SN bought shares with proceeds from the sale... this is good enough for me. I will be watching for an opportunity. GL
    Aug 26, 2013. 12:00 PM | Likes Like |Link to Comment
  • Constellation Energy Partners: New Ownership Is Transformational [View article]
    I found it. I looked at 2012 10-k vs 2008's.

    2008: Total proved reserves (Bcfe) :159
    2012: Total proved reserves (Bcfe): 93

    A huge majority of proved reserves is gas. The company's assets have clearly been in decline over the years, hence the suspension of dividend for 3 years now. Now that they have a source of new assets from SN (hopefully), the company may finally catch a break. It really all comes down to SN's future support! Again, CEP is a speculative play on this happening.
    Aug 26, 2013. 10:16 AM | Likes Like |Link to Comment
  • Constellation Energy Partners: New Ownership Is Transformational [View article]
    I agree. More work needs to be done. The website is really good, check out prior presentations they are pretty easy to read.

    Currently: "The deal will boost production by 32.8%, as current production from the acquired SN assets is about 1,167 BOE/day, while CEP averages 3,553 BOE/day." ( from article) that means they will pump about 4,720 BOE/day currently.
    Aug 26, 2013. 10:04 AM | Likes Like |Link to Comment
  • Constellation Energy Partners: New Ownership Is Transformational [View article]
    they were paying dividends back then. Company had to freeze payouts due to debt concerns and reduced production. Company has struggled to find its footing but it could happen soon
    Aug 26, 2013. 09:51 AM | Likes Like |Link to Comment
  • Constellation Energy Partners: New Ownership Is Transformational [View article]
    thanx SD
    Aug 26, 2013. 08:39 AM | Likes Like |Link to Comment
  • BP Offers Discount On NAV And Solid Yield [View article]
    I believe there is no such thing as "exact" NAV, as it depends who does the analysis. Proved/proven/probable reserves is just a guesstimate, and is always changing as the price of oil gas fluctuates. Also, we have constant variations of project completion progress as well as completion cost fluctuation, so the NAV of BP's huge projects under construction is also a moving variable. Also, who would pay the Billions $ they are supposedly "valued" at?
    Regardless of what is "exact", I feel BP's definitely undervalued relative to NAV.
    Aug 25, 2013. 03:36 PM | 1 Like Like |Link to Comment
  • Alpha Found: Capstead Mortgage, The 'Perfect' Security [View article]
    Yeah really. I wont be prepaying my house off unless I hit the lottery. Chances are better than Shaq hitting 100/100 from the foul line. ( I was always a fan of basketball )
    Aug 24, 2013. 12:17 AM | 1 Like Like |Link to Comment
  • Why Did I Sell Enterprise Products Partners? [View article]
    Comparing KMI to EPD is very difficult. KMI does have a larger asset footprint and faster growing dividend, however it has a less advantageous coverage ratio and more debt than EPD. Picking one is a tough call. However, I recently sold EPD after a 3 year run and am starting to build a KMI position. Go figure.
    Aug 22, 2013. 07:35 PM | Likes Like |Link to Comment
  • Icahn, Cook still talking about bigger buybacks [View news story]
    JM-- you forgot to account for the dividend! If a company can borrow money for a less percentage than it pays in dividends, the company can pay the interest with its own dividend on the shares it bought back-- as long as it's sustainable of course.
    Aug 22, 2013. 05:48 PM | Likes Like |Link to Comment
  • Great Panther Silver. Overvalued? Rubbish! [View article]
    Great article. I love rebuttles like this. Thank you for shedding the light on a less than impressive analysis.
    Aug 22, 2013. 02:00 PM | 3 Likes Like |Link to Comment
  • Open Invitation: Hedging & Investing In A Rising Interest Rate Environment – Dividend Lab Webinar On August 21st [View instapost]
    Todd! is there anything left? :-)
    Aug 21, 2013. 05:32 PM | Likes Like |Link to Comment
COMMENTS STATS
2,860 Comments
2,916 Likes