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croppled1

croppled1
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  • Pengrowth Is A Safe Play On Oil [View article]
    It appears one has to face reality that without the benefit of tax treatment of the prior trust relationship the high payout model has a rough row to hoe . I am rethinking my involvement as I have been very positive on this stock and company . They have great success rates on wells but between renewable fuels and other changes for demand along with the taxation things are tough in the oil patch unless the world economy really picks up .
    Jun 13, 2015. 01:57 AM | 1 Like Like |Link to Comment
  • Pengrowth Energy says Lindbergh output exceeding capacity [View news story]
    Longs have really taken it on the chin here . Time for pps to start to recapture some of their losses . Hopefully many were not too terrified to load up on some shares in the $2 range so they will benefit . Myself I have 100 shares bought at $15 and all the way down for a average cost just under $4 . Praying the dividends continue and I see the shares reach $5 again in the next 2 years .
    Jun 9, 2015. 03:14 PM | 1 Like Like |Link to Comment
  • Pengrowth Is A Safe Play On Oil [View article]
    I looked at chart formations from a year down to a day and just don't see anything . We are at a 10 year low however .
    Jun 8, 2015. 02:56 PM | Likes Like |Link to Comment
  • Pengrowth Energy - Making Sense Of The Recent Decline [View article]
    As a consistent dividend payer this was in many pension funds and other institutional holders . Could a couple of major players be dumping shares because the stock has fallen below $5 a share for too long at this point violating their rules for holding a stock . That could explain part of the disconnect with the reasons in the article also .
    Jun 3, 2015. 01:11 PM | 1 Like Like |Link to Comment
  • Pengrowth Energy - Making Sense Of The Recent Decline [View article]
    I have been doing the same been in this off and on since IPO . Longest shares held now were bought at $15 a share but my average cost is right at $4 . Will be doing some tax selling of the older shares soon taking the loss against gains elsewhere this year lowering my cost base more . Been selling options and a few bit me piling up gains I need to offset and I imagine others are doing the same . I keep nibbling when its in the $2 range then have to wait for a pop and the wash rule to expire to take a loss for simplifications sake in my mind . The last pop above 3 didnt last long enough for me to dump my old shares into it . I feel 100% confident the stock will at least reach the $4 range in the next year . Thats a nice gain from $2.50 .
    Jun 3, 2015. 12:52 PM | 2 Likes Like |Link to Comment
  • Pengrowth Energy: 6 Takeaways From The Recent Quarter [View article]
    What about the $40 they returned to shareholders that paid $10 pps aprox around the IPO . during this time ? For people that were nimble and got out at the top returning lately they have given up some gains but done well too .
    May 28, 2015. 06:20 PM | Likes Like |Link to Comment
  • A Few Thoughts On Pengrowth Energy [View article]
    I wonder how much of the flat action can be attributed to tax harvesting losses to pair with gains this year . When I talk to people most active investors have long ago blown out their non paying losers and have been nervous re balancing cash now with some of their income payers worried about interest rates rising and it's effect on the market going into fall . I imagine there have been hedges and institutions with large positions moving around also and moving up the ladder to some of the bigger companies that are more diversified within energy . This has been a good thread . I believe strongly we will be very happy with our purchases recently seeing a higher share price next winter . So far in investing i am right a little more then I am wrong thankfully . I imagine it is the same for others .
    May 13, 2015. 04:13 PM | Likes Like |Link to Comment
  • A Few Thoughts On Pengrowth Energy [View article]
    I read what I can here . I apologize I am not very sophisticated . I do know figures can lie and liars figure . I started investing in this company when oil was less then $20 a barrel just a few years after it was $10 and this company has been around since 1955 . Why can they no longer make money in $50 oil which they have stated will work for them ? BTW didn't they say they were hedged at over $85 cad now for most of production and the above does not consider that or the period of the next 2 years while they are . Let alone the small nonhedged portion is averaging almost $60 a barrel US now which is $72 cad ! They also use their own NG to generate power and run the steam so you cannot take all that expense as a cost some of it is a non cash write down . Then again there is 18 years of product proved and probable reserves in the ground to value also . I think their in better shape then most and someone might want to speculate for the whole ball of wax . I am holding on and think they will do fine if the new normal is $70 US or $85 like everyone now is talking about for the next decade .
    May 11, 2015. 07:40 PM | 5 Likes Like |Link to Comment
  • Retired Dividend Investors Are Deluded By Yield On Cost [View article]
    I tend to always think off topic . I like and in a way do what you say often as a disabled man with no abillity to aquire earned income any longer yet needing to support oneself and prepare for the loss of SSD for SSI . The problem is finding that balance which is appropriate for principle preservation now . Taxes worry me as i have no current meaningful losses after all these years though people say to not consider them . I long ago made a rule to not invest in anything but dividend payers with 90% of my savings and to divest if dividend payers were to reduce or omit them . I have tended to follow a investment discipline similar to what your espousing with my dividends coming in and I only sell enough of a stock to redeploy the principle for growth , or more income with diversification .I let the profits and whatever dividends run forever unless I find the company no longer investment worthy . I am usually too lenient in that regard sadly often leaving allot of profit to erode but I am never perfect buying late and selling early like the pro's and after all we are basically in this for qualified dividends requiring buy and hold . Right now I am trying to stay the course while for once put aside cash before a crisis has seen the market fall . I too watched my nice dividend portfolio cut in half twice in the last decade roughly though I did enjoy the steady income ( 2008 even saw that decline for a time ) . I remember how my father accumulated most his savings for retirement by buying 30 year treasuries that paid 13% back around the late 70's and early 80's . I want to be ready this time instead of all in crying while others pickup income on the cheap . Though to be honest we all just watched Japan go through over a decade of deflation and yet everyday we worry about a small rise in interest rates damaging our dividend portfolio's when there is a good chance we are in for 10 years of the same but nobody wants to admit or envision it . The good news is when we wake up and realize it , and the market corrects cash will buy more income then too and make up for any dividends lost . One thing is I doubt many of us will run out of money because once your a disciplined saver you tend to always live on less then comes in no matter what till your dieing day if possible . If I could ever figure out where I for sure could live the rest of my days with my health I would tap into that reverse mortgage for income next . Perhaps to pay the HOA fee . Thanks for your thoughts .
    Apr 26, 2015. 12:58 AM | Likes Like |Link to Comment
  • Iron ore sinks below $50, raising questions about big miners [View news story]
    Ugly charts in most miners , coal is the worst , and then the junior energy stocks including the drillers are looking beat up too . Surprised some have not received a bid at the levels their trading at . No reason to buy yet but I took a stab at some BTU here at $4.75 . I did the same with Vale after it had dropped 70% from it's high . There is a reason they tell you not to try to catch a falling knife . Watched Vale fall another 60% from where I purchased it . Maybe I should put a stop loss on my investments too ? Gotta be able to laugh at yourself hopefully time will bail me out of these mistakes ;-) !
    Apr 3, 2015. 01:34 AM | 7 Likes Like |Link to Comment
  • The Long Case For General Electric [View article]
    I do agree there were serious problems and lapses in judgement by many levels of management within GE . Saw them purchase Lawyers Title a wonderful company and bankrupt it with corrupt practices for one . However I do believe they have learned and are moving forward . I believe the S & P analyst who see's the stock breaking out to $30 in the next year .
    Mar 27, 2015. 09:06 PM | Likes Like |Link to Comment
  • My Top Chemicals Stocks For 2015 [View article]
    Who has thoughts on the new OLN after the DD spin/merger ? OLN has had good management over the years constantly aquiring and spinning off interest's . There was a stipulation on the merger that nothing can spin off for 2 years not sure on raising the dividend but the .80 cents per share was guaranteed to at least stay at the same level for OLN shareholders . Deal structured to benefit both parties going forward from day one to be approved by a shareholder vote and completed this year
    . OLN will now have a International footprint as well as take the number one spot in North American production in some chemicals . Bleach will be one of them if I understand it right , Winchester ammunition and industrial loads to be retained . Oln opened up $6 on the early announcement before closing up $4 and change .
    Mar 27, 2015. 08:23 PM | Likes Like |Link to Comment
  • Russia reportedly preparing for Exxon arbitration claim [View news story]
    Path of least resistance . Nice deal between BP , COP , and Chevron in the Gulf . XOM needs to get into some of those deals ...
    Mar 27, 2015. 08:08 PM | 1 Like Like |Link to Comment
  • ConocoPhillips' Nonexistent FCF Is A Problem For The Dividend [View article]
    Thanks I hope so this has been such a good investment and I definitely feel right or wrong the two parts are not as strong alone as they were when integrated together . PSX should be doing very well in this environment . If they allow non refined product to leave the country to help the other side and it's competition being hurrt now then they will be effected negatively . I do hear most are running so near full capacity maybe it would not be that severe and maybe could increase safety which would be a positive . Though keeping product here subsidizes pricing and reduces imports with storage full why not increase our exports and help balance trade would be my first thought . They should have some formula that allows export when storage approaches capacity . I really hate to see NG flared especially we should export all we can if it is profitable to do so where it is needed like Japan and Europe . I have been sad to see what has happened to our coal industry and the clean coal initiative too not that that helps COP . Coal to diesel would seem to be able to help our truckers with high fuel costs . You can only cut cap ex so long free cash flow from operations building reserves and sustainability is so important . God Bless .
    Mar 20, 2015. 12:05 PM | Likes Like |Link to Comment
  • The Long Case For General Electric [View article]
    I was lucky and traded this a few times making well better then bank interest . Then I bought it when it was cheap and have just held with it seeming dead lately . That said for all the faults which cost it the AAA+++ rating it is a solid industrial company as we are in the first phase of a recovery . One could do much worse . I think it should trade in a narrower range before eventually breaking out to the upside . Just my gut and the financials to go on give me this view .
    Mar 14, 2015. 08:38 PM | 1 Like Like |Link to Comment
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