I agree with the above comments and the article, except that Kinder Morgan frequently puts the LPs last. I am long a number of them, especially DMLP. Tax time is no more daunting than reporting gains (or losses) on securities sales.
Three Items That Will Signal a Crude Recovery [View article]
You are right, of course, but why not look at O&G Trusts, say, as a way to get a good return while waiting for the economy and sentiment to turn around? At current prices, these Trusts won't throw off 13%, but they will beat the piddling 1-3% available elsewhere. And, you own something that will not be devaluing like the dollar, and you still have the price appreciation when the turnaround comes.
I am long HGT and SJT. Obamanos.
On Jan 15 08:48 AM silver-bullet wrote:
> Consumer sentiment needs to be up too. This will happen with increase > of jobs and economic activity. Both of which are not happening.<br/> > > I truly believe energy and hard assets are the place to be - in the > long run. However, the timing is absolutely critical. Unless you > have extra capital to burn in the medium term (1 to 2 years), you > want to save it for a rainy day. > > Stay safe.
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I am long HGT and SJT. Obamanos.
On Jan 15 08:48 AM silver-bullet wrote:
> Consumer sentiment needs to be up too. This will happen with increase
> of jobs and economic activity. Both of which are not happening.<br/>
>
> I truly believe energy and hard assets are the place to be - in the
> long run. However, the timing is absolutely critical. Unless you
> have extra capital to burn in the medium term (1 to 2 years), you
> want to save it for a rainy day.
>
> Stay safe.
Energy ETFs and Oil Prices: What's the Connection? [View article]
On Jan 13 02:51 PM OldLimey wrote:
> ROLEX18K: Line 2, prepenultimate word. Typo or wry sense of humour??