Seeking Alpha


Send Message
View as an RSS Feed
View Chancer's Comments BY TICKER:
Latest  |  Highest rated
  • Fastenal: Fasten Your Seat Belt, This Stocks Going Down [View article]
    I saw one of those expert pundits on Nightly Business Report recommend this stock about 30 days ago. Just shows these guys "don't know" and "don't know" that they "don't know." Or maybe they "do know" and are trying to unload their bad position.
    Aug 20 05:01 PM | Likes Like |Link to Comment
  • Understanding The Current Conditions In The Offshore Drilling Industry And Understanding Future Trends [View article]
    Power Hedge:

    I saw an announcement that Petrobras decreased what they will pay for day rates from $680,000 to $500,000- a 26+% decrease.

    I wondering if HERO in Gulf might be hurt the worst.
    Aug 20 03:19 PM | Likes Like |Link to Comment
  • Kinder Morgan: What Now? [View article]
    KMR holder:

    Thanks for your comment. Actually my KMR unit tax cost basis is $24.20 which puts my KMI cost below $10. The next 11/14/14 KMR dividend should drop it a little more.

    Some think there could be a delayed closing caused by Canadian regulators. I welcome delays into 2015 if I can get a couple more quarters of KMR dividends in shares. They can take all the time they want. (If Kinder does plan to enter Mexico, avoiding Mexican regulators might be one reason he is doing this now.)

    KMR shares every quarter are allocated to the purchases I made in 2005 and 2006. My understanding is they take the long term character of those purchases and become LT cap gain immediately.

    I believe that Kinder has suggested that some of the KMI dividends will be ROC. In beginning years due to high depreciation it could be as much as 100% of the dividend, but so far I doubt that. We will not know until the first 1099 after the closing of the first tax year. Sometimes companies (LNCO for example) tell investors their dividend will be "qualified" and then after year end most or all becomes ROC. That is because their auditors get involved in those calculations.

    I have incurred ROC on many stocks in the past. LNCO is an example. That ROC that you do not pay dividend tax on has always reduced my total tax cost basis in my brokerage account. That is how the IRS gets their tax on the ROC when you sell. It increases your capital gain.

    Zero or negative cost basis is something I plan to research further for myself. My broker told me that cost basis can go negative. I wish I could call the IRS. But I have learned it is better to determine your own answer before calling, as 75% of the time the IRS answers questions at odds with their own publications- like wrong.
    Aug 20 03:01 PM | Likes Like |Link to Comment
  • Kinder Morgan: What Now? [View article]

    Even easier. Daryl (sorry forgot his least name, as not memorable) from Hedgeye now writes on SA. Just follow his articles to keep track of his shorts. Might get some good "long" tips at a discount. I imagine most of those following his articles might be doing the same.
    Aug 20 02:25 PM | Likes Like |Link to Comment
  • Rates And Reality [View article]
    The action response for low rates on savings is to take a portion of your savings and invest in dividend stocks to make up for the low savings rates.

    If you invest in high yield stocks, invest less because they are more risky. If you invest in low yield stocks, you can invest more due to less risk. But keep majority of savings in low yield insured CDs and MMs.
    Aug 20 01:45 PM | Likes Like |Link to Comment
  • Rates And Reality [View article]

    I saw Allen Blinder (former Fed governor) predict that Fed will start increasing rates in Q2-2015. I felt for some time that this will be delayed until 2018-2020 and that low rates will continue longer than pundits are predicting. But Blinder is pretty close to pulse of Fed.

    One reason I believe it will take longer for Fed raising is that we should continue in a "muddle through' economy for several years to come. I define "muddle through" as not too bad but not great either. That kind of economy is not bad for the stock market.
    Aug 20 01:40 PM | Likes Like |Link to Comment
  • Beaten Down Norwegian Krone Is A Buy [View article]
    Mr. Kim:

    How is krone performing against US dollar?

    I own a high dividend UK stock that is traded in Oslo. The Norwegian government orders that dividends reported in US dollars must be paid in Krone. So we are charged with that conversion from US dollars to Krone. Then when dividends are paid to US shareholders, we pay for a second conversion from Krone back into US dollars.

    The entire double conversion process is costing us almost 3 cents per share.

    I am wondering if this decline in Krone will cost us even more.
    Aug 20 01:28 PM | Likes Like |Link to Comment
  • Obama Spins Subsidies Both Ways [View article]

    Have you considered the IRS ruling that ordered subsidies to be paid in all states. That is the IRS making law (not passed by Congress) and ordering the payment of Federal taxpayer funds as subsidies which is not in the law. At least one DC Appeals panel ruled that subsidies are only in the ACA for the 16 states with their own exchanges and not included for the 34 states using the Federal exchange. Another Appeals court panel said the ACA was too ambiguous and they were deferring to IRS legal interpretation because court could not interpret. Hopefully, this is all headed for Supremes to sort out.

    If 34 states cannot have subsidies, they also cannot enforce individual mandate, or other mandates on employers. This would make ACA inoperable in 34 states- 68% of country.

    Would the IRS be so over reaching on their own without direction by the Obama administration? Or is it that the management of the IRS supports only one political party: Democrats? Has the entire IRS become politicized as was evident in the targeting of conservative non profits and destruction of emails?

    Final years of Obama's term promise to be interesting for "no drama Obama."
    Aug 20 01:15 PM | 2 Likes Like |Link to Comment
  • Obama Spins Subsidies Both Ways [View article]

    You do know that a compassionate society does not refuse to treat the sick and injured, so your claim is another "red herring." But compassion does not have to extend to financial health. If you did not choose or have the foresight to provide for your own health care with insurance, you should be billed, go to collection, maybe lose your assets, and go bankrupt. That is called consequences for bad decisions.

    You prefer a society where the irresponsible among us have their bills paid by the responsible. In your society, I am supposed to pay twice: for my own family and for the families of people who take advantage of a free ride to make their neighbors pay. That is what ObamaCare gave us. That is the society Obama wants in all endeavors to deliver his "hope and change"

    Please do not waste my time about people who truly cannot afford. Those very few could have been provided for without destroying the entire healthcare system that was working for over 80% of employed workers.

    Obama took control of the census and reported bogus numbers exaggerating the number of uninsured. And many of those people in good health chose to be uninsured even though they could afford to pay, because they were unwilling to pay more then $100-200 monthly.
    Aug 20 01:00 PM | 4 Likes Like |Link to Comment
  • Will Oil Prices Keep Falling? [View article]
    OPEC will not allow prices to fall too far. Saudi Arabia can cut back their production. I agree that it is a time to be buying not selling oil producers. It was reported today that Buffett selectively sold some of his oil stocks. Does he know something we do not? I did not see he sold SU (which I own).

    International turmoil will continue- especially in Middle East and Africa, where terrorism threatens oil producers. Canada continues to have bottlenecks in oil transportation. As long as Obama is president, oil companies will get zero cooperation from Federal government. Worldwide economy should be slowly improving in 2015-2016 which should increase demand.

    I do not see oil prices falling so far to make oil companies a bad investment. But I also do not think the place to put money in oil is the big companies like XOM and CHK. The more profitable action is in the smaller producers who are growing significantly.
    Aug 20 12:27 PM | Likes Like |Link to Comment
  • Warren Buffett Buys These 8 Dividend Stocks [View article]
    Buffett in interviews: Buying stock is like buying a company. Buy good stocks for the long term, hold them forever, and do not pay attention to daily price fluctuations.

    Buffett in action: Buying and selling oil stocks based upon oil price fluctuations- like any other trader.

    So, is Buffett talking about what he is doing or what he wants the herd to do so he can take advantage of everybody else who zigs when Buffett zags?

    My own view is Buffett is a manipulator, and a phony. His shareholder meetings are about adulation and applause for himself. Many, if not most, of his shrewd deals are only available to billionaires, not average investors. When you have enough money, you can dictate terms to the largest companies.

    In Nebraska, Buffett funded activist groups against the Keystone pipeline to keep money flowing to his pocket for shipping oil on his railroad on railcars unsafe to human life compared to the safety of pipelines. What a humanitarian?

    If Buffett's secretary does not make enough money due to higher taxes, he should give her a raise in pay to cover the higher taxes? Is the answer that Buffett cannot afford that? Come on Warren. Don't be such a cheapskate. With all the money Buffett saves in taxes by taking advantage of loopholes, he can absolutely afford to raise her pay. He should be ashamed to even disclose this publicly.
    Aug 20 12:06 PM | 4 Likes Like |Link to Comment
  • Kinder Morgan Inc.'s Mega-Deal: Lower Cost Of Capital And Maximum Optionality [View article]

    Congratulations. Smart move.
    Some people just whine and complain.
    Others, like you, take action
    Aug 19 11:44 PM | 1 Like Like |Link to Comment
  • Kinder Morgan Inc.'s Mega-Deal: Lower Cost Of Capital And Maximum Optionality [View article]

    When I considered KM in 2005, I thought I was dumber than all the experts buying KMP. So, I bought KMR as it was simple enough for me to understand.
    Aug 19 11:39 PM | 2 Likes Like |Link to Comment
  • Kinder Morgan: What Now? [View article]

    Since I own KMR since 2005/2006, I have been accumulating more free (no cash, tax deferred) shares at a decreasing cost basis per share. With the 2.4849 exchange to KMI, I estimate my KMI per share cost basis will be under $10. A $2 dividend on my cost will yield over 20% and be increasing.

    My biggest concern now will be that my cost could drop below zero, if most of the KMI dividend is ROC. But I have a plan. I can just buy enough more KMI shares each year (I estimate equal to my annual dividend) to keep my cost basis above zero. If I do not want to be out the cash, I can sell an equal amount of my oldest shares with a near 100% cap gain.

    My own opinion is that KMI will grow and grow as will the share price and the dividend. I would not be surprised to see the KMI price to be $50+ in 2015 and $100 within 10 years. I also think that Kinder may have his eyes on Mexico as they open up to foreign investment.
    Aug 19 11:26 PM | 3 Likes Like |Link to Comment
  • Recent Buy - Kinder Morgan Inc. [View article]

    As a KMR investor, they can delay all they want with regulatory hurdles. Every quarter that passes gives me more KMR shares to convert to KMI at 2.4849 X.
    I can wait.
    Aug 19 11:05 PM | Likes Like |Link to Comment