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  • Portfolio Construction In The Utility Sector [View article]
    Rose,

    As always, I appreciate your reading and posting on my articles. Thanks for your kind words
    Mar 15, 2015. 11:12 AM | Likes Like |Link to Comment
  • Portfolio Construction In The Utility Sector [View article]
    Dividend House,

    Thanks for reading and posting your comments
    Mar 15, 2015. 11:11 AM | Likes Like |Link to Comment
  • Portfolio Construction In The Utility Sector [View article]
    awayk,

    Thanks for reading and posting your comments. Based on research I did for an article last July on the performance of uts in a rising interest rate environment, I think a the current hits being taken on uts and those in the short term based on interest rate hike fears will provide interesting entry points for long-term investors

    http://seekingalpha.co...
    Mar 15, 2015. 11:11 AM | Likes Like |Link to Comment
  • Portfolio Construction In The Utility Sector [View article]
    rpm,

    Thanks for reading
    Mar 15, 2015. 11:07 AM | Likes Like |Link to Comment
  • Portfolio Construction In The Utility Sector [View article]
    hardog,

    Thanks for reading and posting your comments
    Mar 15, 2015. 11:06 AM | Likes Like |Link to Comment
  • Portfolio Construction In The Utility Sector [View article]
    Doug,

    Thanks for reading and I appreciate that you found the information to be useful
    Mar 13, 2015. 03:23 PM | Likes Like |Link to Comment
  • Portfolio Construction In The Utility Sector [View article]
    Cape Cap,

    Thanks for reading and posting your kind comments
    Mar 13, 2015. 03:23 PM | 1 Like Like |Link to Comment
  • Portfolio Construction In The Utility Sector [View article]
    dbchambers,

    Thanks for posting your kind words. "Trash" as in alternative waste to energy or bio fuels from things like wood waste could be considered a merchant power-type utility investments. However, these usually fall within a much larger utility where the impact is negligible or within paper/timber companies where the impact is also small.
    Mar 13, 2015. 03:22 PM | Likes Like |Link to Comment
  • The Often Overlooked Danger When Investing In S&P 500 Utility Stocks - Part 10A [View article]
    gibor265,

    This is a most interesting question. If you think the majority of the USD climb is behind us, foreign utilities could offer intriguing returns. The strength/weakness of USD relative to an investor's entry point will impact both capital gains and income.
    Mar 8, 2015. 03:46 PM | Likes Like |Link to Comment
  • Algonquin Power: Tale Of 2 Countries [View article]
    Canadian,

    Thanks for your comments. I have been a shareholder since 2010 and have no reason to believe management has a history of cooking the books. I also have been a shareholder of Emera and believe their management is one of the better ones in the sector. With their ever increasing presence and continuing investment in AQUNF, EMRAF has a seat on the board.

    The delay could be concerning the fight over the Park Water assets in Missoula MT. Much like the city of Nashua NH and the Pennichuck Water Co sale to then Philadelphia Suburban (now Aqua America) in 2002 , the city of Missoula is fighting the purchase by Liberty Utilities. Last week, the company/seller lost the second of two motions in the condemnation suit brought by the city and a full trial is set to start in 10 days.

    We don't know the reason for the delay, yet, and I won't speculate on the cause. However, I would not be a buyer until a clearer picture is presented. I know the volume on Fri was 2.2 million vs a 90 day average of 290,000 which means a lot of investor were not willing to wait for the reason for the delay.
    Mar 7, 2015. 10:15 PM | 1 Like Like |Link to Comment
  • Algonquin Power: Tale Of 2 Countries [View article]
    Canadian,

    Thanks for your comment. However, this press release from a law firm concerning its desire to create a class action lawsuit does not offer any insight into the company's problem that caused the delay in reporting. I saw this press release Fri night as well, but to me only indicates ambulance chasers are alive and well in Toronto as they are in New York.
    Mar 7, 2015. 09:07 PM | 1 Like Like |Link to Comment
  • The Often Overlooked Danger When Investing In S&P 500 Utility Stocks - Part 10A [View article]
    jlynchslu,

    I prefer to buy a variety of utility stocks rather than an ETF or fund (except a small position in GABUX). I find a combination of opportunities to build diverse set of uts is easy and tend to agree with the comment of Chowder as to the specific geographic locations of their assets. For example,selecting a criteria for uts of friendly regulatory environments leads one to either the southeast or Federally-regulated assets. Keep in mind most all uts stocks are volatile and will traverse the range from undervalued to overvalued and back again. To me, Chuck's article outlines this aspect quite well. Like all other sectors, your buy-in cost is the most important regardless of long-term or short-term.
    Mar 7, 2015. 05:24 PM | 2 Likes Like |Link to Comment
  • WSJ: $5.8B Whiting Petroleum seeking a buyer [View news story]
    Wolfe Research’s Paul Sankey and team think ExxonMobil (XOM) will go shopping for a smaller rival–and believe Anadarko Petroleum (APC), Hess (HES), Continental Resources (CLR), and Whiting Petroleum (WLL) could be potential targets. He explains his reasoning:


    Bloomberg News
    We re-shape our ExxonMobil target takeover list based on management comments at [yesterday's] analyst meeting, which suggested to us that an opportunistic acquisition is increasingly likely, particularly if low prices persist into 2016. We interpret management as openly talking M&A. Our assumption is that the “top target” for a deal would include US unconventional, led by the “Big Three” plays where they already have scale and learning: Bakken, Permian and Woodford/Ardmore. Eagle Ford appears to have dropped to relatively unattractive on ExxonMobil’s weak current position there, and the persistently high cost of entry. The list of potential targets of size in the Bakken is relatively short – Hess, Continental Resources, Whiting Petroleum. Eagle Ford focused names may be out – so no EOG Resources (EOG), nor Marathon Oil (MRO). Globally, Canada and Brazil are both relatively unattractive. Deepwater Gulf of Mexico and West Africa attractive – Anadarko Petroleum matches well here. Company feels long-to-balanced LNG. Overweight refining. [ExxonMobil] is getting many offers, but is not going to pay a premium for a bad balance sheet vs. its own AAA rating (only one in oil and one of only 3 AAA corporate ratings).

    ExxonMobil has dipped 0.3% to $86.88 at 1:33 p.m. today, while Anadarko Petroleum has slipped 0.3% to $83.10, Hess has dropped 1.1% to $74.02, Continental Resources has gained 1.4% to $44.39, and Whiting Petroleum has risen 1.1% to $34.93.
    Mar 7, 2015. 12:34 PM | 4 Likes Like |Link to Comment
  • WSJ: $5.8B Whiting Petroleum seeking a buyer [View news story]
    http://on.barrons.com/...

    Interesting bit of news as this was posted just 2 days ago hummmmmm
    Mar 7, 2015. 08:17 AM | 4 Likes Like |Link to Comment
  • The Often Overlooked Danger When Investing In S&P 500 Utility Stocks - Part 10A [View article]
    Chuck,

    The most important part of your article is here.

    "Consequently, there is not much of a margin for error because even a modest amount of overvaluation can significantly lower or even negate any potential future capital appreciation. Additionally, current yield will be lessened, and risk increased if you overpay for a utility stock even by just a little bit. This is an often overlooked danger when investing in utility stocks"

    Far too many investors don't appreciate the risks of overpaying for even the highest quality management teams. As Steve Miller once sang, "But it just keeps getting Tougher every day."

    I especially like your charts for return on invested capital for the utility sector as this is one fundamental that is often overlooked by investors doing their research.

    I would also comment that Mario Gabelli's insight into the continuing consolidation of the sector is an important consideration. According to Mario, there are about 60 electric utilities and 30 gas utilities, which are about 50 more than needed. Utility investors should read his insightful annual report from his utility fund found here (pdf):
    http://bit.ly/1BWIX7E

    Thanks for all your work.
    Mar 6, 2015. 03:44 PM | 9 Likes Like |Link to Comment
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