Wed, Oct 22, 2014, 10:30 AM EDT - U.S. Markets close in 5 hrs 30 mins

Recent

% | $
Quotes you view appear here for quick access.

Dorchester Minerals LP Message Board

you are viewing a single comment's thread.

view the rest of the posts
  • JAVELIN2625 JAVELIN2625 Dec 9, 2005 10:28 AM Flag

    IT IS AMAZING

    Yes, fair enough. This is in the Greenspan world.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • The only really big seller is LU pension plan. Without their supply, I think we would be over $30.
      Your calculations are based on $10 NG. We haven't seen that price in over 3 months!! I expect our payout to reach over $.85 next month. That will finally get the stock moving..
      Finally, it's good to see that you are still interested enough to post once in a while. Over the years, I've really enjoyed your comments. With DMLP being so dull, it's easy to lose interest in it's daily movements.

      • 1 Reply to littlericoboy
      • I am still vitally interested in DMLP. A very high proportion of my IRA is in DMLP. Unlike Bob Brinker, I am not a fan of 4% asset allocation in one position. That way, one runs their own mutual fund of 25 issues-they might just as well have an index fund - and that indeed is what Brinker has been recommending for some time. In my opinion, it is better to truly understand a very few issues and watch them very carefully. DMLP is just such a good issue.
        With regard to the February and May distributions, as you have pointed out, they will be quite large. My $2.80 annual distribution estimate is for a "typical" year without a Katrina or Rita to affect gulf gas production.And prior to LNG having a negative pricing effect on domestic gas. I suspect within 3 to 5 years, LNG will be distorting the domestic market in a negative direction. Until then, we are riding a thoroughbred.
        The irritating thing to me about the current DMLP price is as follows:
        Using the McDep near term analysis distribution of $3.20 annual and $27 as of Friday, the yield is 11.9%, Even using a $2.80 annual on a typical non-storm year, the yield is 10.4%. With a 12 year reserve, where in the world can someone get even 8% or 9% without undue risk? Since the Fed is going to raise the short term interest rate probably to 5%, it wouldn't be unreasonable to expect DMLP to yield 8% or worst case 9%.
        On the other side of publically traded partnerships (REITs), many are yielding only 5%. The risk in my opinion is very high with REITs.
        One final point, since the 11/3 distribution, in 24 trading days the average daily volume has been about 24K. When LU pension is selling, the volume averages less than 4K daily. There is a lot of retail selling, probably by those who are worried by the LU selling. Since LU pension probably paid $2 or $3 for their position years ago, they have a good gain and don't want to risk the gain. DMLP is not a GOOG. It is an income play with limited capital gain potential.
        That is enough ranting for a Sunday. Good luck to all who believe in holding DMLP over the next 3 to 5 years.

 
DMLP
30.82-0.17(-0.55%)10:28 AMEDT

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.