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  • Oil And Gas Master Limited Partnerships (MLPs): More Attractive Than Ever!  [View article]
    AMLP's management fees are 0.85%; although the net expense ratio is about 5.43%. The difference between the 5.43% net expenses and the 0.85% management fee is the taxes that have to be paid on the MLP income. If you bought the same mix of MLPs held by AMLP you would save the 0.85% management fee, but you would still be paying the taxes. And the associated costs to file those for the various states involved.
    Feb 11, 2016. 03:55 PM | 1 Like Like |Link to Comment
  • NCZ: Is It Time To Enjoy This Fund's 14% Distribution?  [View article]
    Enter XNCVX as the stock symbol where you enter your stock quotes on your brokerage home page or any finance page (e.g., Yahoo, Google); the current NAV for the CEF is displayed. That works with any CEF. Type in X(fund symbol)X where you get your quotes.
    Feb 10, 2016. 11:58 AM | Likes Like |Link to Comment
  • Chesapeake Energy: Too Cheap To Ignore  [View article]
    They did get lower pipeline transportation prices from WPZ last year: http://seekingalpha.co...
    Feb 10, 2016. 08:07 AM | Likes Like |Link to Comment
  • Chesapeake Energy: Too Cheap To Ignore  [View article]
    The bond prices are signaling bankruptcy. If you want to take a chance with CHK, go for the bonds. Those are multi-baggers IF the company stays solvent. In any case, they might be worth more than zero in bankruptcy, the shares will be worth nothing.
    Feb 9, 2016. 11:40 AM | 5 Likes Like |Link to Comment
  • Wall Street Breakfast: Market Awaits Jobs Report  [View article]
    That looks about right. ZINC apparently compounded their problem by constructing a plant that doesn't work.

    I'm just surprised that its coming so quickly for LINE. I still think most of these small E&Ps will go broke. There is no reason for anyone to buy these companies when they can pick up the best assets later.
    Feb 5, 2016. 09:40 AM | 1 Like Like |Link to Comment
  • Wall Street Breakfast: Market Awaits Jobs Report  [View article]
    US coal exports to Asia were already in a steep decline: http://1.usa.gov/N3UkvF
    Feb 5, 2016. 09:22 AM | 3 Likes Like |Link to Comment
  • Wall Street Breakfast: Market Awaits Jobs Report  [View article]
    LINE/LNCO is apparently heading for bankruptcy. Credit facility is tapped out and they're still hedged. Its a buyer's market for O&G assets. Looks bleak for the biggest E&P MLP.
    Feb 5, 2016. 08:55 AM | Likes Like |Link to Comment
  • Oil And Gas Master Limited Partnerships (MLPs): More Attractive Than Ever!  [View article]
    I don't know about that. I had to pay taxes to Arkansas, California, Colorado, Kansas, Mississippi, New Mexico, North Dakota and Oklahoma for 2013. I was not a resident in any of those states and had only MLP/LLP income from them.
    Feb 4, 2016. 04:03 PM | 1 Like Like |Link to Comment
  • Horsehead Holding files for Chapter 11 bankruptcy  [View news story]
    I doubt the assets are worth what they on the books for in bankruptcy.
    Feb 3, 2016. 05:55 PM | Likes Like |Link to Comment
  • Wall Street Breakfast: What Will February Bring?  [View article]
    And Daley would know. "Vote early, vote often and vote even after you're dead" is the Chicago way.
    Feb 1, 2016. 08:21 AM | 16 Likes Like |Link to Comment
  • Is the mortgage REIT business going out of business?  [View news story]
    And (MLPV) is called today by UBS: http://bit.ly/1PFNAEb
    Jan 20, 2016. 04:19 PM | 3 Likes Like |Link to Comment
  • Is the mortgage REIT business going out of business?  [View news story]
    Early redemption is one of the risks with the UBS leveraged ETNs. MORL is just one that is in trouble; SMHD and MLPL are both worse. BDCL is looking bad too.
    Jan 20, 2016. 12:17 PM | 2 Likes Like |Link to Comment
  • Is the mortgage REIT business going out of business?  [View news story]
    It can get a lot worse, as it has in the past.
    Jan 20, 2016. 12:11 PM | 3 Likes Like |Link to Comment
  • Is the mortgage REIT business going out of business?  [View news story]
    NLY has been around since 1997.
    Jan 20, 2016. 11:15 AM | 7 Likes Like |Link to Comment
  • SunEdison prices second lien loans, strikes debt exchange transactions; shares -13.8% (updated)  [View news story]
    I assumed too much (i.e., that the warrants could only be used if debt is converted). That is a really bad deal. LIBOR + 10% and free stock as bonus.

    No wonder it went under $3 today.
    Jan 7, 2016. 03:52 PM | Likes Like |Link to Comment
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