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Doc 224899

Doc 224899
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  • Chevron Should Form A Midstream MLP To Unleash Shareholder Value [View article]
    OK, it's a "holding company", that holds Linn Energy stock. It issues monthly dividends, and is bumping along at an estimated yield of 9.6%.

    ...and no K-1.

    Now, some of you may be looking for excuses to have more of a dialogue throughout the year with our national taxation folks, and K-1's give you that opportunity as they issue revised annual reports about the most recent tax year and you, in turn, have to issue revised K-1's. Or you can file late every year, around October, to capture all the information your MLPs and REITs might have issued with their revised annual statements about the previous year's data between the end of the tax year and 10 months after the end of the tax year. And, if you file quarterly, all those K-1s give you more to keep busy with, or give your tax guy more work on his part to bill you for. Go ahead, why not give your portfolio 5 or 10 MLPs and REITs, and file K-1s for each one? ....Or, you might want to do something else with your life and just quietly accumulate dividends that don't require all that hassle, that don't expose you so prominently to our national tax people.
    Jul 14 11:47 AM | Likes Like |Link to Comment
  • Bakken Update: Matador's New Frac Design Heads To The Permian [View article]

    Awesome presentation!

    Where's broker?

    Jun 24 03:07 PM | Likes Like |Link to Comment
  • Chevron Should Form A Midstream MLP To Unleash Shareholder Value [View article]
    My preference is to avoid MLPs and invest in energy trusts, like LNCO, HGT, and BPT.

    That way you get the hefty dividends, and avoid the complexity and cost of filing the K1 income tax forms that are necessary for MLP dividends.

    Jun 24 02:57 PM | Likes Like |Link to Comment
  • Bank Of England's Quarterly Report: Are We Quietly Seeing Central Banks Repatriate Their Gold? [View article]
    Would appreciate comments about the following possible strategies:

    1) NEM: as the share price (huge upside retracement potential) and price of gold recover, the % yield of the dividend will grow substantially. It could be that NEM has bottomed.

    2) GORO: has the option of paying dividend to shareholders in gold bullion, and you have the choice of having them store it or taking physical delivery. GORO may have bottomed.

    3) US Gold Eagles


    Jun 20 04:39 PM | Likes Like |Link to Comment
  • Europe's Panicky Mode And The Odor Of War [View article]
    Answer: Iran, Egypt, Saudi Arabia, and Turkey.
    Jun 16 03:39 PM | Likes Like |Link to Comment
  • Europe's Panicky Mode And The Odor Of War [View article]
    Well-stated, Snoop.
    Jun 16 03:38 PM | Likes Like |Link to Comment
  • Positive Phase 3 results for empagliflozin [View news story]
    If Lilly wanted to make some profits, they could rename this drug, and call it something that could be remembered and pronounced by native speakers of Standard American English.
    Jun 16 03:21 PM | Likes Like |Link to Comment
  • Weatherford to move to Ireland over Swiss corporate pay rules [View news story]
    I'll buy into that!
    Jun 16 03:17 PM | Likes Like |Link to Comment
  • JPMorgan sued by Miami over mortgage discrimination [View news story]
    This is about nothing other than lawyers sniffing around for fees.

    LA and Miami have some of the highest concentrations of the intended beneficiaries of the Community Recovery and Reinvestment Act. JPM was out in front when it came to compliance with Bill Clinton's revisions of this legislation, all in a very chummy campaign to get the federal government out of the welfare housing business and dump the expense on the private sector, without directly taxing anyone, by coercing banks into passing out mortgages to people who otherwise would have had no realistic expectation of ever migrating out of the housing projects.

    The only way to avoid approving disproportionately fewer minority mortgage applicants, objective criteria for qualifying applicants had to exclude all meaningful criteria related to income, employment, expenses, debt history, and other predictors of fitness to pay off a mortgage.

    The result was subprime mortgage paper that could be spotted from the other side of a parking lot, in the dark. This trash paper was bundled with better mortgage paper, tanking the US real estate market nationally, leading to a national recession.

    None of this means lawyers representing LA, Miami, or JPM are entitled to fees.

    Jun 16 03:15 PM | Likes Like |Link to Comment
  • Europe's Panicky Mode And The Odor Of War [View article]
    Could have been timely and interesting, but failed.

    Points that would have zipped this one up a little include, but are not limited to, the following:

    As Iraq is being invaded and global energy markets hang in the balance, NATO does nothing. Is Europe asleep, or is the EU so internally conflicted and paralyzed that NATO has become impotent and irrelevant?
    Jun 16 02:47 PM | Likes Like |Link to Comment
  • The One Move You Must Prepare To Take - While Others Are Wringing Their Hands [View article]
    The problem is that today's Jimmy Carter is not leaving office after a single term, and there doesn't seem to be sufficiently effective conservative propaganda to elect a Ronald Reagan (if one could be found, and, once found, convinced to expose himself to more brutal media assaults than Reagan ever had to confront).

    Thus, the bleakness factor is there.

    Feb 22 07:16 PM | 3 Likes Like |Link to Comment
  • Mongolia: Fast Growing Economy, Evolving Investment Climate [View article]
    The reason there are so many comments under a Mongolian mining story is because Ivanhoe Mines was pushing the exploration and development along in a brave and innovative way. A great many of us respected IVN, and IVN's corporate leadership, and believed there was a substantial growth opportunity in Oyu Tolgoi with IVN.

    Between the childish dickering of Mongolian amateur politicians, and corporate warfare from RIO, IVN lost its capacity to direct the course of its own destiny and was dismantled, and many of us have withdrawn our investments and chosen to watch from the sidelines.
    Jan 17 07:38 AM | 4 Likes Like |Link to Comment
  • Will 2013 Be The Year That Gold Dies? [View article]
    I hope and pray that 2013 is the year the GOP succeeds with strong support from centrists like Ven.

    My portfolio is pretty much betting gold will approach an inflation corrected spot price.

    The GOP won't do diddly squat unless the GOP learns how to make better propaganda than the liberals. It's about propaganda, not facts, and the liberals are using propaganda much more effectively. It's almost as though the GOP doesn't even know it just lost a battle to an adversary using superior propaganda.

    Another way of following the value of gold as a currency would be to track the price of gold against the price of a 7-series BMW.

    Dec 31 04:09 PM | 3 Likes Like |Link to Comment
  • Will 2013 Be The Year That Gold Dies? [View article]
    I trust Sprott: PHYS, PSLV. I believe the bullion is on deposit to back those shares.

    GLD? Not so much. IAU? not so much.

    SAND? It has a place in my portfolio. If Venerability is correct (she often is, and it's risky to dismiss her opinions) gold royalty corporations like SAND will be raking in the dough.

    Dec 31 03:49 PM | 2 Likes Like |Link to Comment
  • Synacor Launches Startpage Experience for Lenovo PCs [View article]
    How is this going to result in profits for Synacor?
    Dec 16 01:22 PM | Likes Like |Link to Comment