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gcmagone

gcmagone
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  • Phillips 66 Partners: Details On The MLP's IPO [View article]
    I am just a poor retiree looking for a way to make grocery money safely. Since I don't understand what this is all about, I will stick with PSX stock and perhaps buy a little more COP stock.
    Jul 18 02:53 PM | Likes Like |Link to Comment
  • Anadarko (APC +0.8%) comes up one complaint short of a full dismissal regarding allegations it misled investors in the wake of the 2010 Gulf oil spill. A U.S. district judge says investors can sue over a statement made by a vice president regarding APC's involvement in design and procedures at Macondo. The company did say it was pleased that "almost all of the claims" were dismissed. [View news story]
    Just another reason to do away with these trial lawyers,
    Jul 17 02:26 PM | Likes Like |Link to Comment
  • American Realty Capital Properties: Using Sell-Off To Pick Up This High Yielder [View article]
    Buy WSR, nuf said.
    Jun 24 11:54 AM | Likes Like |Link to Comment
  • The selloff in BDCs (BDCS -1.9%) in response to higher rates should not be "uniform across the sector," says Fifth Street Finance (FSC -1.9%) in its June 2013 newsletter. As of March 31, 74% of FSC investments were floating and 90% of capital was not tied to rate movements. A small bump in rates should make the portfolio more profitable, but - because floors will be breached - a large rise would "dramatically" boost profits. Other BDCs today: Prospect - which claims to be in the same position as FSC - (PSEC -0.4%), Ares (ARCC -1.7%), BlackRock Kelso (BKCC -1.9%), Main Street (MAIN -3.2%), Solar (SLRC -1.4%), TICC (TICC -1.8%). [View news story]
    To my fellow BDC pals, here is a rather new BDC that looks well situated for growth and with a very nice dividend yield. It is Fidus Investment Corp., symbol: FDUS.
    Jun 21 06:39 PM | Likes Like |Link to Comment
  • In a foregone conclusion, Freeport McMoRan (FCX +1%) completes the final step of its three-way combination with Plains Exploration and McMoRan Exploration (MMR +0.6%), as MMR shareholders vote to approve the $2.2B part of the deal between the two companies. [View news story]
    I bought FCX for the long haul. Daily movements will drive you nuts!!!!
    Jun 3 06:56 PM | 3 Likes Like |Link to Comment
  • Shell (RDS.A) has pulled out of talks to acquire a stake in Anadarko Petroleum's (APC) gas discoveries off the coast of Mozambique in East Africa, due to a high price. Instead, Shell will focus on projects off the coasts of Benin, Gabon and South Africa on the other side of the continent. While these projects are more uncertain, they could be more lucrative, as West African prospects tend to provide more oil than gas. [View news story]
    Shell should take a close look at acquiring Anadarko Petroleum (APC) or ConocoPhillips (COP). Either one would be a good fit for Shell albeit expensive.
    May 27 07:50 AM | Likes Like |Link to Comment
  • Credit Suisse stresses a more defensive posture in MLPs, focusing attention on large, relatively liquid, investment-grade MLPs or affiliates with exposure to the coming crude oil production boom in North America. Its eight favorite MLPs to buy now: WMB, QRE, LNG, TRGP, CQP, XTEX, ACMP, GEL[View news story]
    I agree that CQP and LNG look best. However, I think I Will just buy the "basket" of MLPs (symbol: AMLP or MLPA). Both are ATFs and report on form 1099 not a K-1.
    May 22 04:10 PM | Likes Like |Link to Comment
  • The permit approval for the Freeport gas export project opens up the dam for other pending applications, but the pace of coming decisions is still unknown, analysts say, adding that similar projects building from existing facilities are best placed to secure approval and financing. Meanwhile, Cheniere Energy (LNG) has reaffirmed its operating target date of late 2015 for the export terminal it is building at Sabine Pass, La. [View news story]
    If you want value and income, sell your LNG and buy CQP. Same company, but more income.
    May 18 08:38 AM | Likes Like |Link to Comment
  • Buy Natural Gas On The Dip [View article]
    Cheniere Energy (CQP) and Cheniere Energy (LNG) which one would be best for an IRA account and why. Also, here is another puzzle: which is best between Kinder Morgan (KMR) and Kinder Morgan (KMP)?
    May 11 12:39 PM | Likes Like |Link to Comment
  • Eni (E) says it now expects oil output from the massive Kashagan field in Kazakhstan to begin by October. The Kashagan project, which includes large oil companies such as Exxon (XOM), Shell (RDS.A, RDS.B) and Total (TOT), is years behind initial schedule and has had cost overruns worth billions of dollars. [View news story]
    The old saying "it takes money to make money" will be confirmed in the Kazakhstan venture. With the brain power of the super major oil companies involved, this will be a winner over time.
    May 10 10:39 AM | Likes Like |Link to Comment
  • Cheniere Energy (LNG +3.1%) has remained strong all day after morning rumors that it may be exploring a potential LBO and rumored premium averages of ~25%. Such rumors have been around before, and Jim Cramer thinks they're "ridiculous." [View news story]
    This LNG vs CQP dance is a bit similar to the KMP vs KMR tango. You must be an insider to know the difference.
    May 1 08:45 AM | Likes Like |Link to Comment
  • Cheniere Energy (LNG +3.1%) has remained strong all day after morning rumors that it may be exploring a potential LBO and rumored premium averages of ~25%. Such rumors have been around before, and Jim Cramer thinks they're "ridiculous." [View news story]
    Apparently there is a bit of confusion here. The real money resides in Cheniere Energy Partners (CQP) not (LNG).. Perhaps someone at Seeking Alpha will write about this conundrum.
    Apr 30 03:13 PM | 2 Likes Like |Link to Comment
  • Cheniere Energy's LNG Project Close To Being Fully Subscribed [View article]
    BACK TO BASICS: stock symbols LNG and CQP both claim ownership to the export facilities near Lake Charles, LA and Corpus Christi, TX. Question....who is the real owner? I noted that CQP has announced a cash dividend. How does that affect LNG ?
    Apr 20 08:51 AM | Likes Like |Link to Comment
  • Kinder Morgan Energy Partners: Good Combination Of Yield And Growth [View article]
    Cramer finally got it right. KMR is the pick of the complex litter (KMI, KMP, KMR).
    Apr 14 08:46 AM | 2 Likes Like |Link to Comment
  • Chevron (CVX +0.2%) says it found oil at its Walker Ridge Block 98 well in the deepwater Coronado prospect in the Gulf of Mexico, encountering more than 400 ft. of net pay. CVX holds a 40% interest in the prospect and is operator of the discovery well; ConocoPhillips (COP) owns 35% and Anadarko (APC) owns 15%. The multi-block Walker Ridge area is estimated to hold more than 200M boe. [View news story]
    Walker Ridge is in the heart of deep oil country. Sneak a peek at Cobalt Energy's (CIE) position.
    Mar 25 12:17 PM | Likes Like |Link to Comment
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