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das555

das555
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  • Linn Energy: The Best Value In The Upstream MLP Sector? [View article]
    Why own just one?
    May 21, 2014. 04:52 PM | 5 Likes Like |Link to Comment
  • Goldman answers pushback on Kinder Morgan upgrade, reiterates bullish view [View news story]
    GS hurt the shorts...
    May 19, 2014. 05:09 PM | 7 Likes Like |Link to Comment
  • 9.6%-Yielding Memorial Production Partners Enters Enhanced Oil Recovery [View article]
    Yes, but as they made a firm point of in the conference call they don't guide for DCF on a quarterly basis as there are quarterly variables (cap ex, maintenance, weather, etc) that can impact DCF unduly in this short term. Management felt very comfortable in guiding DCF on an annual basis in the 1.1 - 1.2 range and stated they were being conservative.
    May 8, 2014. 01:15 PM | 2 Likes Like |Link to Comment
  • Nuveen To Consolidate Its Equity Option Income Funds: What Does It Mean? [View article]
    QQQX provides a tax advantaged yield - last dividend (which was raised) was 81% ROC.
    May 4, 2014. 09:57 AM | 1 Like Like |Link to Comment
  • Equity CEFs: Funds Benefiting From The Weakness In Technology And Small Cap Sectors [View article]
    Yup. As CEFs seem to generally be so poorly understood it will be interesting to see how the market reacts to these funds. One would expect the premium of QQQX to sell down and the discount of JLA decrease - but we shall see.
    May 1, 2014. 11:31 PM | 1 Like Like |Link to Comment
  • Equity CEFs: Funds Benefiting From The Weakness In Technology And Small Cap Sectors [View article]
    My bad - market value of JLA today 12.95 therefore the JLA holder will receive .77 * market value of QQQX (18.81) = 14.48 which calculates to a bonus of 1.53 or 11.8%. Of course these market values can and likely will change - but current holders of JLA should be OK.
    May 1, 2014. 07:37 PM | Likes Like |Link to Comment
  • Equity CEFs: Funds Benefiting From The Weakness In Technology And Small Cap Sectors [View article]
    A quick take: QQQX will be the surviving fund and will absorb JLA at a rate of share exchange based on NAV value (not market value) - if this occurred today then a holder of JLA would presumably receive .77 shares of the surviving fund (QQQX) for each share of JLA (14.02 NAV JLA/18.19 NAV QQQX). As QQQX is trading at a market premium today to its NAV 18.81 while JLA is trading at a market discount to NAV 12.95 the net result is a positive for the JLA holder today with now .77 shares of QQQX at a market value of 18.81 = 14.48 versus his today market value of a share of JLA of 14.02 (about 3.2%). The new fund QQQX however will likely not be as defensive, as JLA's mandate was 100% option coverage while QQQX will be "dynamic" 35-75% option coverage (target 55%).
    May 1, 2014. 05:57 PM | Likes Like |Link to Comment
  • Equity CEFs: Funds Benefiting From The Weakness In Technology And Small Cap Sectors [View article]
    Nuveen's proposed changes appear to be substantial (http://bit.ly/R5aP3F) and I suspect will be sufficient to merit an article by our guru Mr. Albo.
    May 1, 2014. 05:21 PM | Likes Like |Link to Comment
  • Kinder Morgan Energy Partners: Why Not Consider This Outstanding Wealth Building Machine? [View article]
    Has been and is an excellent holding. All holdings have risks, but a comfort level with that risk can be achieved when there is such a good track record. Part of the higher than industry standard yield can be attributed to the "hatchet job" applied to KMP by an aspiring young hedge fund employee and his friends at Barrons which targeted the weaker hands of the dependent retail investor thus driving the price down (and yield up) - the "reverse Robin Hood": take from the weak and give to the crafty strong. Who is next?
    Apr 18, 2014. 10:55 AM | 2 Likes Like |Link to Comment
  • Kinder Morgan profits drop, but points to growing natural gas demand [View news story]
    SA still doen't get it - EPS is not the important metric for an MLP - look at distributable cash flow (which was good).;
    Apr 16, 2014. 07:45 PM | 13 Likes Like |Link to Comment
  • Equity CEFs: 1st Quarter 2014 Review - A Change In Leadership [View article]
    income2012: Start at http://seekingalpha.co...
    Apr 2, 2014. 04:05 PM | 1 Like Like |Link to Comment
  • Equity CEFs: 1st Quarter 2014 Review - A Change In Leadership [View article]
    Thanks for again sharing your expertise and method.
    Apr 1, 2014. 02:20 PM | Likes Like |Link to Comment
  • Equity CEFs: Sell This, Buy That From These Fund Families [View article]
    Get educated and you will become a better investor - regarding ROC start with http://seekingalpha.co....
    Mar 18, 2014. 04:27 PM | 2 Likes Like |Link to Comment
  • Weekly Intelligence For MLP Investors [View article]
    Chart shows a 11.59% distribution reduction - if the error was made by assuming current dividend of .2075 was quarterly the reduction would be reported as as more like 66%. Not sure where the 11.59% came from but the major point is the report of a distribution cut for VNR is in error and might mislead the less studious MLP investor to stay away from VNR which I believe to be an attractive investment.
    Mar 15, 2014. 10:14 PM | 2 Likes Like |Link to Comment
  • Weekly Intelligence For MLP Investors [View article]
    I believe the chart referencing distribution decreases is incorrect with regards to VNR. There has been no distribution decrease but rather an increase as of 8/29/2013 (.205 to .2075 monthly).
    Mar 15, 2014. 05:27 PM | 3 Likes Like |Link to Comment
COMMENTS STATS
239 Comments
551 Likes