Glop is all over the place for the last 8 trading days: 6/22 - 19.13
6/23 - 19.94 +.81
6/24 - 19.30 -.64 (BREXIT)
6/27 - 18.33 -.97 (BREXIT)
6/28 - 18.80 +.52
6/29 - 19.30 +.50
6/30 - 18.98 -.32
7/01 - 19.80 +.82
7/05 - 18.98 -.82
I prefer to hold my GLOP and collect the dist. The change over those 8 trading days is +.10. Traders if they got lucky had some great swing trades but they had to be LUCKY.
Not only crack spreads but CVRR hasn't declared a distribution since last November. Might be good for a trader IF they announce some kind of distribution but it's sunk because of the lack of payout.
I'll call it the same as last time:
MONACO--(Marketwired - Jul 6, 2016) - Dynagas LNG Partners LP (the "Partnership") (NYSE: DLNG), an owner and operator of LNG carriers, today announced that its Board of Directors has declared a quarterly cash distribution with respect to the quarter ended June 30, 2016 of $0.4225 per unit. The cash distribution is payable on or about July 19, 2016 to all unit holders of record as of July 12, 2016.
waaaay above a new all time high. What I don''t understand is that with utilities doing so well in a flight to safety from BREXIT why UTF, a utility and infrastructure fund has not gone along for the ride, down 2.5% today alone.
Four Picks in Mortgage REITs Amid Low Rates
New Residential, PennyMac Mortgage, Starwood Property and Two Harbors are sector favorites.
July 5, 2016 11:48 a.m. ET
We expect that the mortgage real-estate investment trusts were able to generate a 2.1% total economic return, not annualized, in the second quarter, as book values were helped by rate moves toward the end of the quarter.
Following the decline in rates this quarter and the move higher in shares, we view the risk-reward for the mortgage real-estate investment trusts (mREITs) as more balanced. With the lower-for-longer view more firmly entrenched, we see less risk of book value shocks to pressure stocks. At the same time, with the shares today at 91% of book value, we see less capital appreciation potential. The majority of the return should come from the 12% dividend yield.
We continue to prefer the mREITs that have operating businesses that allow them to create and/or source differentiated investments -- this should help produce better risk-adjusted returns over time. New Residential Investment (ticker: NRZ ), PennyMac Mortgage Investment Trust ( PMT ), Starwood Property Trust ( STWD ) and Two Harbors Investment ( TWO ) [all rated at Outperform] are our top picks among our mREIT coverage.
We have confidence in the sustainability of New Residential’s current dividend given call right profitability and minimal interest-rate volatility. The ability to make new investments with leverage can add to earnings power as well. New Residential’s servicing assets have experienced lower volatility in prepays than the broader market given a high mix of credit-sensitive loans. This should serve to support excess mortgage-servicing rights (MSR) returns in the current low rate environment.
Huff, I just noticed OCN, WAC and NSM, the other major servicers in the sector are all down big time, 6.5-9.3%, substantially more than NRZ. Also today is x/d and the dividend capture crowd probably at work selling their positions after making a nice profit on recent run up. They got the cap gains and the divvy, now wash, rinse and repeat. Looking at NRZ's history of x/d day trading, it almost always goes DOWN on X/D, above the normal dividend subtraction, and probably exaggerated today because of the market sell off and the sector downturn. JMO.
keebon, looks like DPM has just about recovered to it's one year high after falling with everything else related to oil over the past year. Going back about 20 months it was close to double current price. I think it does have some upside potential and growth with propane looking like it's going higher. DLNG my only green today but see no news on it.
I'm thinking of spreading out about 2,000 shares among two or three propane producers. FGP, DPM and SPH are my favorites. They all are tracking in a similar pattern UP.
BREXIT fears continue to spur the rise of metals. I guess as long as there is uncertainty as to the outcome of BREXIT and the potential of other EU countries leaving the Union metals should perform pretty well. I've never played the stocks for gold or silver but I hold a load of silver coins and some gold eagles. Silver actually traded over $21 this weekend before falling back today, under $20.
US oil/gas companies now on track to export more propane then the next 4 largest exporting companies, COMBINED. US exports now account for fully 1/3 of ALL waterborne shipments. DPM up 46% since Jan, yields 8.95%, pays .78Q. Propane is HOT. JMHO. Google "the shale boom's new winner". WSJ article this weekend.
I doubled down on my VNRBP a few months back cutting my cost basis to around $12. Good spec play if they survive, if not, been there and done that before. Not pleasant but will survive. NCT/NRZ testament as to how buying big on speculation can reap a windfall.
Usually, when one opens a new account with a broker you have to fill out a risk profile on your investment goals and risk tolerance. Most people forget that they did that. Major brokerages have certain stocks, etfs and investments that they consider highly risky and will require an investor to sign a waiver before buying for them if they had noted on their profile a lower tolerance of risk than those investments are rated by the brokerage. Some won't even put in a trade on those investments. FIDO requires a waiver, I'm sure if you asked Wells, they'd require that waiver too.
Ed, go to SXCP's website. They ARE an MLP, pay DISTRIBUTIONS on their UNITS and send out K-1s. Suncoke Energy, INC, (SXC - GP) is NOT an MLP and pays DIVIDENDS.. Their website is very confusing and you have to click on the right company for the correct information.
ed: after I missed SXCP yesterday morning I put it on my watch list for any pullback. I'll note it here if it occurs. I'd like to own some too. Missed my order by .03 cents @ $10.95.