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surfgeezer

surfgeezer
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  • Downstream Refiner MLP Update: What's A Buck Worth? [View article]
    26-21.85=4.15 or dec to jan, 6 months Annualized yield = 2 X 4.15 = 9.30/26 =35.76% if it was over 26$
    The 24$ gave me an A yield of 24-20.38=3.62, X 2 = 7.24/24 = 30.16% on the one I missed. LOL yep selling price insurance is "risky".

    Have sold MANY at 20 and 22.5 also with some still not done until Sept and Jan of next year. NTI is now at 1.95% of bought cost in portfolio, so will probably take them if they hit, ya just never know what price will do however.
    Jul 4, 2015. 12:55 AM | Likes Like |Link to Comment
  • Bloomberg: Energy Transfer's Warren pushing back at Williams auction rules [View news story]
    well if WMB buys WPZ your Income goes down, that is what happens if nothing changes- your Income goes down AND you get to pay taxes.


    If ETE buys and it stays WPZ your Income stays the same, you don't get a tax hit, but div growth could be effected if ETE decides to give WMB's dropdowns to ETP, like KMI did with it's EP buy and the Limited's losing drop downs to KMP .
    Jul 4, 2015. 12:33 AM | 1 Like Like |Link to Comment
  • Remainder Of 2015 Looks Good For Munis [View article]
    yep usiah. They pay monthly and people have been fearing a rate hike for YEARS.
    Even if it did happen, how long would a price dip last? Really believe people are not going to want TAX FREE Income MANY multiples more than a Treasury or bank CD? A dip without a sale affect's NOTHING.
    Jul 4, 2015. 12:00 AM | 2 Likes Like |Link to Comment
  • Remainder Of 2015 Looks Good For Munis [View article]
    well if buying individual- don't buy PR!
    If a fund, do the simple due of checking. I sold EVN because they had too much a year ago, but fund managers are smart and they sold them now, so I have been told on SA.
    My point is a GOOD manager is already NOT holding them.
    Jul 3, 2015. 11:55 PM | 2 Likes Like |Link to Comment
  • Asciano Has Been Approached By Brookfield Infrastructure Partners - And I Missed Out On It [View article]
    You should lose very little sleep if you are drawn to infrastructure plays, BIP does nothing else. This sounds like a good take over, buy them then keep your BIP shares. It will not be the last good infrastructure deal BIP does.
    I was lucky enough to be drawn to BIP precisely because I also like infrastructure security, that was in 2010. recently added, again, when BIP dipped below 40 in Dec. I sell the 40$ puts anytime the yield is over 6%.
    Jul 3, 2015. 11:13 PM | 2 Likes Like |Link to Comment
  • S&P upgrades California's credit rating [View news story]
    Agree with Matt, a lot of useless politico garbage in those comments above.
    I live in Cal, your right it is terrible-please stay away-LOL as I recover from surfing, under my backyard tree in a hammock-he said. We have a popular bumper sticker here also-surfing sucks- don't try it. ( too crowded is the biggest problem ).

    Only thing bad is the Ca CEF Muni's I hold will suffer from MORE yield spread compression now as the rates decline, dang will have to DRIP some shares to get Income level back if they cut again. DRIPing now anyway.
    Jul 3, 2015. 04:40 PM | 1 Like Like |Link to Comment
  • What To Buy During The Coming Pullback [View article]
    chewy- it's all relative, and that is literal.

    As the article stated a strong dollar is not a great thing in many ways.

    Think of currencies like hourly wage, but for countries.

    Having a high wage is great-as long as you can get work charging that much. Tough if your neighbors are getting paid less.
    Jul 3, 2015. 01:24 AM | 1 Like Like |Link to Comment
  • Research Spotlight: MLPs Making The Grade, Part 2: Credit Ratings As MLP Report Cards [View article]
    Thanks good historical insight.
    Jul 3, 2015. 12:13 AM | 1 Like Like |Link to Comment
  • Remainder Of 2015 Looks Good For Munis [View article]
    Hope you are right, all my Muni Funds have the DRIP on now. Still see yield compression coming for funds.
    Jul 2, 2015. 10:25 PM | 1 Like Like |Link to Comment
  • Greek Bank Holidays Won't Close The ATM Of This Dividend Growth Portfolio [View article]
    So Unc, how do you feel about traders crowing on up days about their great "Total Returns", or X "bagger"?

    More than willing to bet far more people have been called yield hogs that are getting slaughtered by those same trade centric investors.
    Jul 2, 2015. 07:56 PM | 1 Like Like |Link to Comment
  • Prospect Capital - Lies, Distortions And The Truth [View article]
    DHL- So you are now saying PSEC will stop paying the flow? I doubt it. Very little chance of anyone going bankrupt, they still have positive NII, I am still getting good flow- far above my Interest costs. MY NII (yield spread) on PSEC is 11.81-3.75=8.06%. I am fine with that, I will NOT be going "bankrupt" - LOL

    That is exactly the problem with price worriers/traders, they are so caught up in trading they believe unrealized price is the same thing as realized divs. THE problem with looking at "Total Return" is HALF the equation is NOT realized, it is a only today price and the reality is even traders do not KNOW where tomorrows or a years from now will be.

    I exit, at losses, bad Income stocks. It happens to all high yield investors. I exit them because they are no longer able to do what I thought when I bought on the way THEY make money. PSEC is still doing what I thought it would do, and no I am NOT happy either with their high fees and my div cuts. I MAY even exit at some point. It will NOT be when the flow is still working fairly well and the stock price is at a bottom.
    Jul 2, 2015. 07:00 PM | 4 Likes Like |Link to Comment
  • Kinder Morgan to start up second Texas condensate splitter next month [View news story]
    Long KMI. Having said that-uh oh
    splitter may not deliver the DGR RK keeps promising, and I see that as a consistent problem with Kinder- over promising.
    Here is why from people a lot smarter than me-
    http://bit.ly/1HzRG2u
    Jul 2, 2015. 02:05 PM | 1 Like Like |Link to Comment
  • KNOT Offshore Partners: Buy The Dip [View article]
    I agree, will be buying with July Puts, only .71% of flow now.
    Jul 1, 2015. 06:04 PM | Likes Like |Link to Comment
  • GE sells European private equity unit for $2.2B [View news story]
    Just bought, and sold Dec 16$ Puts if it drops to below 16 in Dec, I will love it @ 15.23$.
    Jun 30, 2015. 02:26 PM | Likes Like |Link to Comment
  • GE sells European private equity unit for $2.2B [View news story]
    Maybe, but I highly doubt it. This is a perfect lower cost of Capital Partner for PSEC. One of the few entities on the planet with lower borrowing costs than GE. It is a great symbiosis for Capital Flows from Japan to Europe, to help there export pricing power to Europe.

    It is about International Capital Flows between Japan and Europe, the more they lend _possibly with PSEC like GE_ the cheaper their exports are and they are lowest rates because of deflation there.

    It will depend mostly on how the partnership is structured. BDC Buzz does not like these off book partnerships, but I do.
    Jun 30, 2015. 02:23 PM | Likes Like |Link to Comment
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