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heglimp

heglimp
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  • Chevron: The Crude Reality [View article]
    GeeZee,

    The life of a Hzl shale-well is much longer than one year! The daily avg production after one year is substantially less than the first year avg daily production. The well can produce for quite some length of time.

    Wish all successful investing.
    Jan 27, 2015. 01:17 PM | 1 Like Like |Link to Comment
  • My Roth Conversion Odyssey (Part 2) [View article]
    David F. and NV Gary,

    Thanks for the info. I definitely was confused on the new rules.
    Jan 27, 2015. 12:25 PM | Likes Like |Link to Comment
  • My Roth Conversion Odyssey (Part 2) [View article]
    David F.,

    Both articles have resulted in some of the best comments and discussion I have read on SA. This is a subject most are or will be interested in. Kudo's to you for both articles.
    It is my understanding, starting in 2015, an individual can only make one conversion from trad. IRA to Roth IRA in a year. Perhaps others can confirm or provide info to the opposite.
    Good luck on your conversion process.
    Jan 26, 2015. 05:35 PM | 3 Likes Like |Link to Comment
  • Kinder Morgan Buys Harold Hamm's Hiland Partners - Should Continental Have Benefited? [View article]
    Josh,

    There is a saying in the oil parch that the cafes and also motels are really in the oil and gas business. Once again I quote Charles paraphrased "watch what they do not what they say." It appears you are doing just that. It is the proper thing to do.
    Jan 23, 2015. 02:17 PM | 1 Like Like |Link to Comment
  • Kinder Morgan Buys Harold Hamm's Hiland Partners - Should Continental Have Benefited? [View article]
    Josh,

    I'm familiar with fiduciary duties. I have been both an officer and a board member of companies. I am in agreement with the comments made by Charles A. Smith. The main consideration, IMHO, is if the companies were kept "legally separate" even if they had business between them, then I see nothing wrong.
    If there is proof something illegal took place, then the proper authorities should be notified and if proven then let him pay the penalty. If not then as Charles stated "Good for him!"
    Jan 23, 2015. 02:13 PM | Likes Like |Link to Comment
  • Kinder Morgan Buys Harold Hamm's Hiland Partners - Should Continental Have Benefited? [View article]
    If Hamm bought Hiland with his money and the companies were legally kept separate, then Hamm should get the profit in a sale. Just because you are chairman and majority owner of one company doesn't mean you can't own another company as a private owner. If Hiland had gone belly-up in bankruptcy would this article have been written?

    Wish all successful investing.
    Jan 23, 2015. 12:51 PM | 1 Like Like |Link to Comment
  • The Dividend Growth Weighting Game [View article]
    Mike N.,

    Within the past year I have added the % each stock adds to the next year total dividends. I also have a column on my spreadsheet with % of total portfolio value for each stock. This is a start of mine to determine how or if I should have a more formal criteria to weight each stock in my portfolio. No conclusion yet.

    For the past 3+ years ( the time I've been DGIing) I've chosen to have no more than approx. 6% of the portfolio in any one stock. The portfolio has 30 stocks in it. The maximum anyone stock contributes to annual dividends is about 8%.

    Still trying to figure out what to do with this info. Appreciate this article so I can factor it and the comments into my evaluation process.

    Wish you successful investing.
    Jan 21, 2015. 02:17 PM | 1 Like Like |Link to Comment
  • A Real Dividend Growth Machine: 2014 Review [View article]
    DGM,

    Very good year for you. At your age, education and ability to carry through on a plan, your financial independence in the future is highly likely. Your progress at your age puts you ahead probably 99% of your age group.

    Since you have such a great start and plan, be sure you spend some on enjoying life.

    Wish you continued successful investing.
    Jan 12, 2015. 01:50 PM | 4 Likes Like |Link to Comment
  • WSJ: Dividends threatened at global oil majors [View news story]
    fmhaynes,

    I'm second generation (companies 60 years old). I've been around it the complete time however. Don't invest so much you can't afford to lose the amount invested!!!!!!!!!!!
    Jan 8, 2015. 05:30 PM | 1 Like Like |Link to Comment
  • WSJ: Dividends threatened at global oil majors [View news story]
    fmhaynes,

    Your comments are some of the most cogent I have read over the past few weeks concerning the drop in crude and its effect. You IMHO are approaching this situation in a most logical and knowledgable method.

    I'm also in the business (small O&G producer) and many times wonder where some of the comments made are coming from. Certainly not from experience or knowledge.

    Wish you successful investing.
    Jan 8, 2015. 01:39 PM | 12 Likes Like |Link to Comment
  • The Crash In Oil Prices Raises Questions And Opportunities For A Lifetime [View article]
    me to,

    I remember when crude sold for $2.64 per barrel in the U.S. in the 60's. The price was set by the government. Even had allowables. Could only produce so much from a well. If you were lucky enough to have a well which could produce a nice volume of crude. Lots of salt water in those days production, lots more today in the stripper wells.

    Wish you successful investing.
    Jan 7, 2015. 01:08 PM | Likes Like |Link to Comment
  • The Crash In Oil Prices Raises Questions And Opportunities For A Lifetime [View article]
    Dividend House,

    Since every investor has different circumstances and criteria I prefer to not give solid buy, sell recommendations. I do from time to time recommend some perform their DD on certain stocks.

    The last time I personally purchased COP or CVX was in Oct., 2014. I probably purchased earlier than I should have. I was long on both COP and CVX at the time and plan on being a long time holder of both. XOM has never quite approached my purchasing criteria though it has been close. I can't own all stocks I would like to have so I'm satisfied with what I have in the portfolio.

    Wish you successful investing.
    Jan 7, 2015. 12:37 PM | 5 Likes Like |Link to Comment
  • The Crash In Oil Prices Raises Questions And Opportunities For A Lifetime [View article]
    Phenom 1,

    Good input. Especially the "free cash flow" comment. Many O&G companies over the years stay in business because they have sufficient free cash flow even though they may not have taxable income.
    Jan 6, 2015. 06:05 PM | 6 Likes Like |Link to Comment
  • The Crash In Oil Prices Raises Questions And Opportunities For A Lifetime [View article]
    RS,

    Concerning continuing to produce, Hannes S. is correct in his assessment. The majors and minors will continue to produce. Some high cost wells may be shut in but that typically only happens after they have a break down requiring expensive repairs. Til the breakdown the well will be produced. I've been there and presently still in the business.

    Capex certainly is being reduced as will "some" more expensive maintenance.

    Wish all successful investing.
    Jan 6, 2015. 05:45 PM | 7 Likes Like |Link to Comment
  • My Dividend Growth Portfolio: 2014 Review And 2015 Preview [View article]
    DVK,

    Very good article and mostly good, useful comments. Like you I chose to sell INTC and DRI earlier this year. Also sold MCY and CINF do to very small dividend growth year on year. Time will tell whether the decisions were the correct ones to make but each time I replaced them with comparable quality or better stocks with larger dividend %'s and larger dividend growth year on year.

    Concerning stocks to potentially invest in at the present time: consider COP and XOM in the energy area. While COP is not quite the quality of XOM its dividend presently is considerably higher. Over the years I have worked with and against COP and have a high respect for their management. Of course COP is strictly an E&P now versus XOM being an integrated energy firm. Of course you could invest in COP and PSX which would be similar to investing in XOM.

    Wish you successful investing.
    Jan 6, 2015. 05:21 PM | 1 Like Like |Link to Comment
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