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das555

das555
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  • Equity CEFs: The Long-Term Beneficiary Of The Nuveen Equity Option Restructurings [View article]
    At the time of conversion a JLA holder will receive QQQX shares according to the ratio of JLA NAV value to QQQX NAV value - currently 14.21/20.20 = .703; therefore for each share of JLA if converted today you would receive .703 shares of QQQX. Market values currently indicate your .703 share of QQQX would be worth $14.477 or a premium over your previous JLA share of 5.98 %. These values are likely to change before the actual conversion date.
    Nov 19, 2014. 11:07 AM | Likes Like |Link to Comment
  • Why 13%-Yielding Memorial Production Partners Still Deserves A Chance [View article]
    This is a unique opportunity for the informed and aggressive investor.
    Nov 13, 2014. 04:42 PM | Likes Like |Link to Comment
  • Equity CEFs: QQQX/JLA Merger Update  [View instapost]
    JLA is a reasonable CEF to hold as a defensive position regardless of the merger which would be frosting on the cake. I understand the apathy of QQQX voters as there really is no big change for them other than the possible advantages of a larger fund.
    Nov 7, 2014. 01:10 PM | Likes Like |Link to Comment
  • Memorial Production Partners: Production Issues Lead To An Abysmal Quarter [View article]
    Saudis are profitable at $30 a barrel but they require >$90 a barrel to sustain their domestic budget. How low a price you can get oil out of the ground and make a profit is not all of the story.
    Nov 7, 2014. 01:04 PM | Likes Like |Link to Comment
  • Equity CEFs: QQQX/JLA Merger Update  [View instapost]
    Long JLA seems OK still while short QQQX is a bit troubling...
    Nov 6, 2014. 03:55 PM | Likes Like |Link to Comment
  • Memorial Production Partners: Production Issues Lead To An Abysmal Quarter [View article]
    All boils down to trust in management. The quarter was not great but these results were not intrinsic to the business model but rather technical and other singular problems (stuck pipe, weather in Permian, etc.). The .85 DCF coverage is for 2014 which is about done, the forward call is for a 1.0 or greater coverage ratio for 2015 even with $70 oil which was reiterated in the conference call question period. MEMP has a very strong hedge book through 2019 which makes them confident in the distribution's safety even in the face of stressed energy prices. The key is the quality of execution to achieve product to fulfill the hedge contracts. If you believe that this quarter was a "one off", bad luck quarter and that the parent Memorial Resources Development is committed to the success of their progeny then the market over reaction yesterday might be considered a rare opportunity in this space to lock in 12+ % distributions with tax advantage and significant capital gain upside.
    Nov 6, 2014. 09:56 AM | 5 Likes Like |Link to Comment
  • Equity CEFs: Funds To Buy And Sell Heading Into 2015 [View article]
    I am going with Mr. Albo's pick of GRX - a relatively inexpensive CEF with lower risk composition and backed by excellent stock pickers at Gabelli. To each his own...
    Oct 29, 2014. 07:26 PM | 1 Like Like |Link to Comment
  • Linn Energy LLC declares $0.2416 dividend [View news story]
    Pay up shorts...
    Oct 28, 2014. 07:22 PM | 4 Likes Like |Link to Comment
  • Kinder Morgan Energy Partners misses by $0.07, beats on revenue [View news story]
    As usual, SA reports EPS as the main news feature when this metric has little relevance to the performance of an MLP. Misleads those who do not understand MLP financials.
    Oct 15, 2014. 04:46 PM | 2 Likes Like |Link to Comment
  • Equity CEFs: Time To Buy Some Of The Eaton Vance Option Income Funds [View instapost]
    CEFs hold stocks. Stock market volatility is a reflection of the human psyche - one won't change without the other.
    Oct 15, 2014. 11:22 AM | Likes Like |Link to Comment
  • Kinder Morgan picks Pemex subsidiary for Tennessee-to-Texas pipeline project [View news story]
    Haven't they heard we are not going to use oil or gas again?
    Oct 15, 2014. 11:15 AM | 10 Likes Like |Link to Comment
  • What's working? REITs (except for hotels) [View news story]
    Scorned in the heat of summer, loved now in the cold of market winter...
    Oct 13, 2014. 04:39 PM | 3 Likes Like |Link to Comment
  • Pembina: A Growth Midstream Now On Sale [View article]
    Barring a black (or grey) swan I believe it will be a while until PBA sees $35...
    Oct 10, 2014. 04:14 PM | 1 Like Like |Link to Comment
  • Pembina: A Growth Midstream Now On Sale [View article]
    Long for years and incrementally adding now. Dividend is in Cdn $ which is likely to rise in the future and gives currency diversity.
    Oct 10, 2014. 12:24 PM | Likes Like |Link to Comment
  • Equity CEFs: Funds With Strong NAVs And Weak Market Prices [View article]
    Thank you for your sharing of experienced insight.
    Sep 22, 2014. 05:38 PM | Likes Like |Link to Comment
COMMENTS STATS
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