Seeking Alpha

jrp1324

jrp1324
Send Message
View as an RSS Feed
View jrp1324's Comments BY TICKER:
Latest  |  Highest rated
  • The Problem With 'Just Exchanging Your Shares' [View article]
    I like the argument and the math along with it.
    Thanks for publishing.
    Nov 13, 2014. 12:39 AM | 15 Likes Like |Link to Comment
  • The Recent Acquisitions Are Highly Beneficial For Vanguard Natural Resources [View article]
    VNR has an ATM or At The Market program of selling shares to fund acquisitions. It can sell preferred shares yielding 8% at current market price with no distribution increases or common stock at yielding 10% currently. The company has been selling both earlier this year. They would not retire the shares but would simply sell them at a higher price later under the ATM.
    Nov 1, 2014. 01:05 PM | Likes Like |Link to Comment
  • I Am Retiring And A DG Portfolio May Not Provide Enough Income. [View article]
    I think the general market has too low of a yield and is priced for very low returns going forward...next 10 years. A high yield portfolio has a much better chance of having a positive return in a high priced stock market, therefor I do not see this portfolio inherently riskier than an S&P 500 mutual fund. I have a large amount of higher yield securities in my retirement portfolio but my yield is currently 4.3%. I have another 5 years to let DGI do its thing and KMI is one of my larger holdings.
    Thank you for the article.
    jim
    Oct 29, 2014. 02:43 PM | 1 Like Like |Link to Comment
  • The Recent Acquisitions Are Highly Beneficial For Vanguard Natural Resources [View article]
    Nice writeup, current price is attractive, I added a lot to a small position that was started around $30. Management seems to be conservative in how it account for growth capital and debt repayment compared to some other MLP E&P's.
    jim
    Oct 29, 2014. 02:09 PM | Likes Like |Link to Comment
  • Oversold, 11.3% Dividend Vanguard Natural Resources Is A Bargain On This Dip [View article]
    I have sold units in APL with a several thousand share position that was several years old. The argument about holding MLP's inside of an IRA is valid only if you have a choice of holding them in a taxable account.
    Schwab "the custodian" gets my K1's, Schwab files my tac returns for the IRA and so far I have not exceeded $1000 in UBTI. Buying a stock like VNR on sale the hope is downside protection and upside in capital gains. Some of the cash return may be taxed at corporate tax rates and that fear should not deter someone from buying a cheap asset and holding for a while or longer.
    I expect to eventually pay taxes inside of the IRA and will certainly keep that in mind every April.
    The real hassle with paying taxes inside of an IRA IMO is the 2nd year when the IRA now is expected to pay estimated taxes. That extra wrinkle is one I wish to avoid.
    Right now VNR has a likely positive return over the next several years. I am not so optimistic about the general market.
    jim
    Oct 15, 2014. 02:38 PM | Likes Like |Link to Comment
  • Oversold, 11.3% Dividend Vanguard Natural Resources Is A Bargain On This Dip [View article]
    Schwab files my IRA tax return K1's. So far no taxes due. Well worth the gains. Added a lot of VNR in the IRA this drop.
    Oct 14, 2014. 02:26 AM | Likes Like |Link to Comment
  • Update: Vanguard's Acquisition Of Assets From Bill Barrett Corporation Confirms Our Bull Case [View article]
    I took a large position in VNR this week. I bought some last year at $29, Friday at $20. Mostly gas, very conservative management compared to other E&P MLP's. Growth projects used to pay down debt. Coverage on the distribution has dropped to negative account large acquisition and timing issues. One of the more sustainable gas MLP's IMO. I expect to be very happy with my purchase in a year.
    Oct 12, 2014. 01:11 AM | Likes Like |Link to Comment
  • Investors hit the bid on upstream MLPs [View news story]
    VNR mostly gas. Great price today. Bought more than I should have. Wow, did not see this coming.
    Oct 10, 2014. 12:51 PM | 2 Likes Like |Link to Comment
  • Analyst Concerns And Poor Stock Performance Could Open Doors To Strong Declines At King Digital Entertainment's Lockup Expiration [View article]
    the Company's executive officers, directors, founders and affiliated funds, including Bellaria Holding S.a.r.l of whom Apax WW Nominees Ltd is the sole shareholder, together representing 80% of outstanding shares, agree to a new lockup with the Company through the date following the Company's announcement of fourth quarter and full year 2014 earnings (per 2nd Q earnings release dated August 12.
    Sep 10, 2014. 03:20 PM | Likes Like |Link to Comment
  • Bakken Update: Analysts Have This Recent Permian IPO Growing 88% In 2015 [View article]
    I have been following the Midland basin transition from almost no wells drilled in 2009 to the current exploration. You have collected and presented the geology of the Midland basin and compared it to the Bakken in a way that should make it easier to understand why the acreage values are going higher and higher.
    Great job!
    I have a core holding in PXD but have been looking at Parsley.
    Thank you,
    jim
    Sep 9, 2014. 12:15 PM | 2 Likes Like |Link to Comment
  • Don't Underestimate The Condensate: Pioneer's Holistic Rich-Liquids Model [View article]
    Shallow midland basin production has a water cut. Wolfcamp and deeper do not except flow back water.
    Aug 5, 2014. 05:59 PM | 1 Like Like |Link to Comment
  • U.S. clears way for some oil exports by Pioneer Natural, Enterprise Products [View news story]
    The shale revolution is an American phenomenon for now. The easiest shale oil is very light oils and light oils as they are able to flow through the rock pores economically. These will not fit available refining capacity. Let the market work! Send the mismatched oil to refiners who are specialized for it. A severe mismatch leads to impaired refining capacity and the U.S. could be forced to import oil products or limit production of light crudes. If the U.S.
    still wants to limit production of our oil then put it on limits like the Texas Railroad commission used to do. Grabbing hold of the export law as a battle cry is a populist tool for politicians and undeserving of a rational discussion among investors.
    Jun 25, 2014. 12:22 AM | 3 Likes Like |Link to Comment
  • The 4 Stages Of Chinese Growth [View article]
    I think the article is simply brilliant. To put in such concise writing such a complicated subject indicates a near full grasp of where China is on the ladder of economic progress. Thank you Michael.
    Jun 20, 2014. 02:27 AM | 1 Like Like |Link to Comment
  • Acreage swap may, or may not, be ideal for Linn Energy [View news story]
    The most valuable Midland basin acreage went fast. I think it was a good trade for Lynn. People would have been screaming if the deal went the other way. Lynn giving up gas acreage declining at 6% with a positive carry of $30 - $40 million to buy development acreage with large capital needs leveraging up on oil.
    The gas belongs in an MLP while the Midland acreage will not for a while.
    jim
    May 22, 2014. 06:56 PM | 6 Likes Like |Link to Comment
  • Is There Any Hope For Denbury's Stock To Go Higher And Reach Pioneer's Or Concho's Valuation? [View article]
    Another great and interesting article.
    May 21, 2014. 12:39 PM | 2 Likes Like |Link to Comment
COMMENTS STATS
77 Comments
85 Likes