Canada hikes the liability cap for oil spills in Atlantic and Arctic waters to C$1B, up from the respective $30M and $40M limits under existing rules. The changes deal only with offshore activity, which is poised to accelerate as companies begin assessing prospective new fields on the East and Arctic coasts. [View news story]
ebob,
Isn't there a tree somewhere that needs some hugging?
Renewed selling also hits equity REITs, with the Vanguard REIT ETF (VNQ -1.3%) just holding onto gains YTD; the iShares Real Estate ETF (IYR -1.4%). Among individual stocks, Realty Income (O -1.6%) is off 22% in 3 weeks; Senior Housing (SNH -2.3%), Digital Realty (DLR -4%) American Capital Realty (ARCP -2.1%), Omega Healthcare (OHI -1.7%). Among the best performers is HCP, Inc. (HCP -0.9%). [View news story]
At current levels, I wouldn't call O "cheap", but at least it has fallen to "reasonable".
Low interest rates have helped MLPs raise capital at a reasonable cost, enabling returns well above their cost of capital and supporting cash distribution growth, but Simmons analysts say investor interest should remain strong even as rates rise - though due diligence will be more important than ever. Darren Schuringa says it's crucial to measure an MLP’s coverage ratio rather than the actual money it pays out. [View news story]
Coverage ratio has always been an important metric, when looking at dividend/distribution securities.
Big U.S. Banks: I Say, Let 'Em Crash [View article]
IT,
While I agree with your suggestion, philosophically speaking, if you think that Brown-Vitter's unlikely to pass, I fear your idea would be DOA.
When legislation is solely focused on banks, you've only got one batch of lobbyists fighting it. With your plan, there would likely be a coalition. Recall that GM, Chrysler, GE, etc. also benefited from government/taxpayer rescues.
Why Portfolio Managers Will Never Beat Warren Buffett Or Berkshire, But Are Happy Trying [View article]
While I generally agree with the article, there are other factors likely to contribute to underperformance by a mutual fund, compared to either Buffett, or an individual investor. The individual investor can hold both utility stocks, as well as medical/healthcare stocks, as an example, if he/she's of the opinion those will outperform. A PM running a technology fund would be precluded from owning either by the fund's mandate. The same is true of holding large amounts of cash, even if the PM might think that's the best course of action at a given point in time.
S&P 500 Q1 Earnings Seem Positive: Is It Enough For More Gains? [View article]
As been noted, in many (most?) cases, the beats on eanings was the result of lowered estimates, aided by cost cutting, share buybacks, etc. The misses on revenue side concern me.
Wall Street Breakfast: Must-Know News [View article]
Re: US economy set to grow 3%,
I can see the logic behind this change, but can't help wondering if the current administration won't use the 3% growth figure to "justify" current policy as being "successful".
The 'Retire Young' Portfolio: Let's Introduce This Oil Company [View article]
For quite some time, STO had been in the position of having steadily declining reserves. However, over the last 6 to 12 months, they've had a number of large, long term projects come together for them, so the reserve replacement situation's looking much better for them.
I'm curious as to how the author defines "a large margin", when he speaks of a goal of "beating the market", as his goal for the portfolio?
Canada hikes the liability cap for oil spills in Atlantic and Arctic waters to C$1B, up from the respective $30M and $40M limits under existing rules. The changes deal only with offshore activity, which is poised to accelerate as companies begin assessing prospective new fields on the East and Arctic coasts. [View news story]
Isn't there a tree somewhere that needs some hugging?
Gold miners (GDX +1%) turn positive as gold climbs past $1,390/oz.: ABX +0.9%, GG +1.1%, NEM +1.2%, IAG +2.1%, GFI +1.3%, AUY +2.4%, NGD +1.3%. The link between gold miners and gold has been strong lately: The 24-day correlation between the spot price of gold and GDX has remained above 90% for five days, the longest such streak since July 2012. [View news story]
So where did it come from, PhilosopherStone? Meteorites? ..... Alien spacecraft?
Renewed selling also hits equity REITs, with the Vanguard REIT ETF (VNQ -1.3%) just holding onto gains YTD; the iShares Real Estate ETF (IYR -1.4%). Among individual stocks, Realty Income (O -1.6%) is off 22% in 3 weeks; Senior Housing (SNH -2.3%), Digital Realty (DLR -4%) American Capital Realty (ARCP -2.1%), Omega Healthcare (OHI -1.7%). Among the best performers is HCP, Inc. (HCP -0.9%). [View news story]
Low interest rates have helped MLPs raise capital at a reasonable cost, enabling returns well above their cost of capital and supporting cash distribution growth, but Simmons analysts say investor interest should remain strong even as rates rise - though due diligence will be more important than ever. Darren Schuringa says it's crucial to measure an MLP’s coverage ratio rather than the actual money it pays out. [View news story]
Big U.S. Banks: I Say, Let 'Em Crash [View article]
While I agree with your suggestion, philosophically speaking, if you think that Brown-Vitter's unlikely to pass, I fear your idea would be DOA.
When legislation is solely focused on banks, you've only got one batch of lobbyists fighting it. With your plan, there would likely be a coalition. Recall that GM, Chrysler, GE, etc. also benefited from government/taxpayer rescues.
Cramer's 'Best Of Breed' Energy MLP Plays [View article]
Why Portfolio Managers Will Never Beat Warren Buffett Or Berkshire, But Are Happy Trying [View article]
Summary Of My Post-Employment Thoughts [View article]
That was a useful link that you posted. I wonder if the results can be safely extrapolated nationally.
Shell (RDS.A) "is in much better shape than it was when he started," seems to be the general reaction to Peter Voser's retirement news. But not everyone is enamored with Voser's work, as Shell plans a $120B-$130B capex program for 2012-15, including $33B this year. Perhaps the most interesting part of the news is that Shell will consider external replacement candidates. [View news story]
Why The Fed Doesn't Fear Inflation, But You Do [View article]
Wall Street Breakfast: Must-Know News [View article]
S&P 500 Q1 Earnings Seem Positive: Is It Enough For More Gains? [View article]
Wall Street Breakfast: Must-Know News [View article]
I can see the logic behind this change, but can't help wondering if the current administration won't use the 3% growth figure to "justify" current policy as being "successful".
The 'Retire Young' Portfolio: Let's Introduce This Oil Company [View article]
I'm curious as to how the author defines "a large margin", when he speaks of a goal of "beating the market", as his goal for the portfolio?
Wall Street Breakfast: Must-Know News [View article]