More Good News For Sonde Resources - Farmout To Unlock Substantial Value [View article]
PI Financial put out an update recently, kept their $3 price target but were positive on Sonde's recent decision to seek strategic alternatives for its conventional production base.
"If your MLP is held in a tax-sheltered account such as an IRA, the portion of the distributions designated as "ordinary income" may be considered unrelated business taxable income (UBTI), and subject to tax."
I prefer GMETP, safer in an IRA and elsewhere, and it is trading with an 18% yield, vs BBEP's <10% yield.
More good news. This is working out well. Next, they will hopefully announce good results from their new unconventional oil play. Or optimistically perhaps the sale of the company
The PetroChina/Encana Duvernay Joint Venture Makes Athabasca Oil Look Interesting [View article]
This is interesting. How does their land position compare to ECA's in terms of location, well results, etc? One other comp that comes to mind is SOQ - they have 80,000 net Duvernay acres vs a $65 mm market cap. At $10k/acre, it would be a ~$13 stock, vs its current $1.05 stock price. Not all the acreage is comparable, but a lot is...
Graham, the announcement they made was that their drilling commitment was pushed back by 3 years. This alleviates near term funding concerns and should allow them to drop the "going concern" statement from their financial statements.
It is hard to trade around tax loss harvesting, I just know SOQ is is a way better position now than it was two weeks ago, and arguably is in a better position now than it was earlier this year when the stock was trading for 2-3x its current price.
What Are The 20 Top Nat Gas Producers Saying About Future Nat Gas Prices? [View article]
Haha, exactly. Fortunately its PIK, so its essentially re-invested for you. Very solid management, I talk to the CEO regularly and he's one of the more down to earth, reasonable managers of small E&P companies out there, and he owns a bunch of the preferred personally.
What Are The 20 Top Nat Gas Producers Saying About Future Nat Gas Prices? [View article]
Great article. I'd suggest checking out gmetp, I wrote an article on it recently. Get paid ~14% a year to wait for gas to recover, and then could be a 2x at $5-6 gas. - http://seekingalpha.co...
16.11% Dividend Payer Apollo Residential Mortgage Is Firing On All Cylinders [View article]
The author apparently had my comment deleted too. I think it was highly relevant. The fact is, there are other places to look for high yields with less exposure to the various specific risk factors that AMTG incurs. I mentioned one particular example of this, GMETP, and linked to a seeking alpha article I wrote about it. The author reported it as "promoting a blog or personal website". That was certainly not the case, I was simply offering an alternative to readers that I view as superior (I own GMETP, have recently bought more, and would not touch AMTG).
My point in this article was just that bankruptcy was not a foregone conclusion, not that the company was a great investment. However, it did go bankrupt, and it appears that the assets have been further impaired in the process. I am no longer following the company, and recently sold off the small position I had held in the equity.
High-Yield Preferred To Be Thankful For: Undervalued, High Yield, Inflation Linked [View article]
Caedmon, I'm shocked it ran up this much this quickly. That being said, I never really understood why it had traded down so much, considering the reserve coverage and the rebound in natural gas prices. It really "should" trade to par ($10) or maybe even above par if natural gas prices continue to rally.
Another one I've written about before and am considering doing a follow up on is Gale Force Petroleum. It isn't currently paying a dividend but is likely to start by the end of next year (the company presentation lays out one contemplated structure), and appears to be valued at less than half of comparable companies. Considering the value discrepancy, it could get bought out before it converts to a dividend paying entity, but that wouldn't be so bad either.
More Good News For Sonde Resources - Farmout To Unlock Substantial Value [View article]
Well Hedged, 9.44% Dividend Payer BreitBurn Energy Partners Is A Safe Haven [View article]
http://bit.ly/vNKFDS
"If your MLP is held in a tax-sheltered account such as an IRA, the portion of the distributions designated as "ordinary income" may be considered unrelated business taxable income (UBTI), and subject to tax."
I prefer GMETP, safer in an IRA and elsewhere, and it is trading with an 18% yield, vs BBEP's <10% yield.
Well Hedged, 9.44% Dividend Payer BreitBurn Energy Partners Is A Safe Haven [View article]
More To Come For Sonde Resources [View article]
The Mississippi Lime: Reading Through Austex Results [View article]
The Mississippi Lime: Reading Through Austex Results [View article]
The PetroChina/Encana Duvernay Joint Venture Makes Athabasca Oil Look Interesting [View article]
The PetroChina/Encana Duvernay Joint Venture Makes Athabasca Oil Look Interesting [View article]
More To Come For Sonde Resources [View article]
It is hard to trade around tax loss harvesting, I just know SOQ is is a way better position now than it was two weeks ago, and arguably is in a better position now than it was earlier this year when the stock was trading for 2-3x its current price.
More To Come For Sonde Resources [View article]
What Are The 20 Top Nat Gas Producers Saying About Future Nat Gas Prices? [View article]
What Are The 20 Top Nat Gas Producers Saying About Future Nat Gas Prices? [View article]
16.11% Dividend Payer Apollo Residential Mortgage Is Firing On All Cylinders [View article]
Why ATP Oil May Not Go Bankrupt [View article]
High-Yield Preferred To Be Thankful For: Undervalued, High Yield, Inflation Linked [View article]
Another one I've written about before and am considering doing a follow up on is Gale Force Petroleum. It isn't currently paying a dividend but is likely to start by the end of next year (the company presentation lays out one contemplated structure), and appears to be valued at less than half of comparable companies. Considering the value discrepancy, it could get bought out before it converts to a dividend paying entity, but that wouldn't be so bad either.