A Closer Look At Plains All American Pipeline's Distributable Cash Flow As Of Q1 2013 [View article]
Thanks, I always look forward to your reading of the data. I wonder, have you recently looked into LINE. Barron's has bashed them around (again) recently over their DCF, net worth and methods of evaluation.
Don't Look At Kinder Morgan's Payout Ratio [View article]
Yes, please do the research and write the article. Lately I have been growing a little uncomfortable with some MLPs because of the endless new share/unit issuance, leveraging and DCF interpretations. Last week reduced my MLPs from 20 to 8 that I consider to be the most solid. It seems ripe for a skilled descendant of Enron or some other to make a big score at the public's expense.
SandRidge Permian Trust: A 10% Permanent Yielder? [View article]
Finally accepted my loss of 38% (had been 40%) on PER and sold out. Suggest you all salvage what money you can. The 'hole' thing stinks and I cannot help but feel it will come to light in the future PER was a con game of sorts and we have been taken.
5 Defensive Dividend Stocks That Average An 8% Yield [View article]
Accountant, tax adviser, amateur investor or pseudo expert, it would be best to totally avoid the question of an MLP in TDA (IRA, ROTH IRA, Simple or Self Directed), or UBTI in general. After reading the storm or recent comments on SA articles containing all those key buzz words, it is clear that even a direct call to the IRS with specific questions will get different answers on Monday, Wednesday and Friday. You did not mention recapture, good thing. Only MLP to report a positive UBTI (my sample of 21 MLPs) in 2012 was GLP. Bullish LINE and LNCO.
Kinder Morgan Management: A Cheaper Way To Own Kinder Morgan Partners [View article]
Agree with Joe above. I take my KMP & KMI distributions and buy more shares, usually something else that will diversify the portfolio. The compounding effect is not included in your comparison.
Going Bargain Hunting And Spotting The Black Sheep Among Intermediate Pipeline Companies [View article]
Other..... EEP has a large liability for the oil spill not settled, perhaps up to $1B. EEP = good return, but potential down side even with the positive factors above. Sold it last week after two years holding.
Just to be clear, ... at the time I did not overpay according to the analysis. With the passage of time, everything bought will be shown to be "overpaid" or "underpaid". My purchase was based on an analysis at the time, your's is based on numbers today. You may be correct on the value today, but you may not be correct in the future.
Writers such as yourself were giving similar advice and numbers on PER when I bought it, at $23.83. Sound numbers, suppositions, estimates and an endorsement to buy it. I cannot tell from the above if you took your own advice and bought them. In my experience (PER and PBT) buying an oil trust which will be a dry hole, zero value in the future is the worst investment possible. Try something that proposes to grow the business and increase in value.
10 Ace Energy Dogs Scout 19% To 39% Gains For March [View article]
Yes, well timing is everything as they say. Bought PER at $23.83. If it gains 25% market price I am still in the hole. With distributions, I could break even in ten years. Great investment. Also own PBT, another royalty trust, my last to ever own. Buying something that will have a future value of $0 when the oil/gas are pumped out, now looks like a really stupid decision on my part. If they invest more for working the fields (horizontal drilling) it may or may not pay off. The companies to make money are the ones doing the field service or production improvements.
Will Permian Basin Royalty Trust Finally Reap The Benefits Of Fracking? [View article]
Yes, I feel better already. Number two loser is PER. Both being royalty trust I am beginning to think they got to me a little on the sales hype. I knew it was a dead end, dry hole in the end, but expected to make some return before the party was over.
Just FYI, E-Trade updated their IRA agreement today making the IRA owner responsible for the 990-T. You complete it, send to them, they file it. Or you just file it, no copy to them.
The Facts Are In - MLPs Work Great In IRAs [View article]
I'm lost. Please, please read the current SA article by Reel Ken on MLPs - A Reality Check, and the many comments. Confusion abounds. Last year I held 21 MLPs, only GLP reported a positive number on 20v. The question is, will an IRA have to pay tax pretty much on all income as cap gains? Are IRAs subject to a tax other than the $1000 threshold? What if IRAs invested in Regulated Investment Companies (RIC) or Real Estate Investment Trust (REIT). ROTH IRA may have to file 990-T, IRAs that are described in code section 408(a) are ROTH. For a Simple Self Directed IRA (408p) there appears to be only the $1000 threshold for UBTI that may be reported on the K-1. Do you agree? These withdrawals would only be taxed as ordinary income, no matter if the dividends/distributions came from a bond or from an MLP capital gains, correct?
Gee, you stirred it up this time. Please bear with me and the others who have commented, I am trying to learn, not argue with you. Read the 990-T and instructions. You are correct for some IRAs, those invested in Regulated Investment Companies (RIC) or Real Estate Investment Trust (REIT). Also correct for ROTH IRA, IRAs that are described in code section 408(a) are ROTH. For a Simple Self Directed IRA (408p) there appears to be only the $1000 threshold for UBTI that may be reported on the K-1. E-Trade hold my account and I invest my money, not there's. They do not meet the definition of a RIC. No Roth, no RIC. Perhaps some investments could fit your definition, such as HCN, which is a REIT. Again, not arguing, just trying to clarify my individual situation.
A Closer Look At Plains All American Pipeline's Distributable Cash Flow As Of Q1 2013 [View article]
Don't Look At Kinder Morgan's Payout Ratio [View article]
SandRidge Permian Trust: A 10% Permanent Yielder? [View article]
5 Defensive Dividend Stocks That Average An 8% Yield [View article]
Kinder Morgan Management: A Cheaper Way To Own Kinder Morgan Partners [View article]
Going Bargain Hunting And Spotting The Black Sheep Among Intermediate Pipeline Companies [View article]
3 Attractively Priced Big-Dividend Stocks [View article]
3 Attractively Priced Big-Dividend Stocks [View article]
10 Ace Energy Dogs Scout 19% To 39% Gains For March [View article]
Resource Nationalism Behind OECD Energy Renaissance [View article]
Will Permian Basin Royalty Trust Finally Reap The Benefits Of Fracking? [View article]
MLPs - A Reality Check ? [View article]
Will Permian Basin Royalty Trust Finally Reap The Benefits Of Fracking? [View article]
The Facts Are In - MLPs Work Great In IRAs [View article]
MLPs - A Reality Check ? [View article]
Again, not arguing, just trying to clarify my individual situation.