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Cushing Energy Income Fund Comm Message Board

jerseyvinny2 62 posts  |  Last Activity: Jul 14, 2016 9:02 AM Member since: Jun 25, 2004
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  • Reply to

    The idiots have changed their minds.

    by williamlebotschy Jul 13, 2016 11:08 AM
    jerseyvinny2 jerseyvinny2 Jul 14, 2016 9:02 AM Flag

    I get the old format on my iPad but the new messed up one on my computer. I'm going over to the investor village AMNB board.

  • Reply to

    GLOG charters

    by bobdbeck Jul 11, 2016 7:55 AM
    jerseyvinny2 jerseyvinny2 Jul 11, 2016 10:51 AM Flag

    I hold the GLOG preferred A. This seems a nice choice for someone looking to park funds or in need of fixed income. Selling just below par and an 8.75% yield. Big bank prefereds pay about 5% and sell at about a 4% premium. Shipping preferreds pay more due to the extra risk.

  • Reply to

    Why does Yahoo show 0% yield for SFL?

    by gonefishing4day Jul 7, 2016 1:15 AM
    jerseyvinny2 jerseyvinny2 Jul 7, 2016 7:28 AM Flag

    after "dividends" click on "get prices"

  • Reply to

    Why does Yahoo show 0% yield for SFL?

    by gonefishing4day Jul 7, 2016 1:15 AM
    jerseyvinny2 jerseyvinny2 Jul 7, 2016 7:25 AM Flag

    fishing, I always seek to confirm any Yahoo numbers. On left hand margin, click on "historic prices" then click on "dividends" and you will see the dividends.

  • Reply to

    SFL

    by suadela24 Jul 5, 2016 9:44 AM
    jerseyvinny2 jerseyvinny2 Jul 7, 2016 7:20 AM Flag

    I agree with William on shipping being a volatile sector. My only current shipping exposure is GLOGprA and GSLpr B. Not fool proof but holding prefereds gives one extra layer of safety. For example, GSL stopped payment on its common but still pays the preferred.

  • Reply to

    SFL

    by suadela24 Jul 5, 2016 9:44 AM
    jerseyvinny2 jerseyvinny2 Jul 6, 2016 8:29 AM Flag

    In other words, SFL is a 3 legged stool (GOGL, SDRL, FRO) and 2 of the legs are broken. JMO

  • Reply to

    ED closed today at $81.67

    by bobdbeck Jul 5, 2016 4:05 PM
    jerseyvinny2 jerseyvinny2 Jul 5, 2016 5:47 PM Flag

    Bob, re UTF, half their holdings are USA but most of the rest is GB and EU. That might be part of the problem. I also own UTG which is all USA and has fared better lately. Also, I noted UTF is at about an 11% discount.

  • Reply to

    How does SE report?

    by jerseyvinny2 Jul 5, 2016 7:10 AM
    jerseyvinny2 jerseyvinny2 Jul 5, 2016 11:06 AM Flag

    Thanks, Been looking at increasing my exposure to energy but don't want to pick up any more partnerships. SE seems like a good way to go.

  • jerseyvinny2 by jerseyvinny2 Jul 5, 2016 7:10 AM Flag

    I checked the company website and they mentioned a K-1 for SEP but no mention for SE. Does that mean a 1099?

  • Reply to

    Long term spec plays.

    by williamlebotschy Jul 3, 2016 3:15 AM
    jerseyvinny2 jerseyvinny2 Jul 4, 2016 10:32 AM Flag

    Janet, IF VNR survives and comes back into the market, they have to make all back payments on VNRBP and payments going forward will be $1.90 /year. The stock isn't callable until 2024 at $25 I believe. Not bad for a stock selling for under $3. OR they could file bankruptcy and the shares become worthless. The sub $3 price tells you how the market thinks this will end. That's why they call 'investments' like this a lottery ticket.

  • Reply to

    INDEPENDANCE DAY

    by suadela24 Jul 3, 2016 8:58 AM
    jerseyvinny2 jerseyvinny2 Jul 4, 2016 10:23 AM Flag

    49 murders per day. To put that in context for Americans; the Chicago murder rate would be 31 per day if you took the actual number (1.56) and multiplied by the population difference (20). And Chicago is by far our murder capital. Mostly drug dealers killing each other.

  • Reply to

    2016 1H returns

    by marklibera Jul 1, 2016 9:52 AM
    jerseyvinny2 jerseyvinny2 Jul 4, 2016 10:16 AM Flag

    Derek, I've been tempted on VGR but the dividend being far in excess of the earnings scared me off. My nicotine play is PM which I've held for a long time but would not recommend to others at this point because all their earnings are outside the US and have to be converted back to dollars before distribution. Brexit has aggravated an already unfavorable conversion rate. Would not be surprised to see PM lower their dividend but I hold it in a taxable account with a big capital gain so will have to ride it out. MO looks better than PM.

  • Reply to

    Long term spec plays.

    by williamlebotschy Jul 3, 2016 3:15 AM
    jerseyvinny2 jerseyvinny2 Jul 3, 2016 10:24 AM Flag

    My high risk/high reward play in upstream energy is VNRBP. Not necessarily recommending this. When the market is willing to sell you a preferred stock at a 90% discount, you know something is wrong.

  • Reply to

    SXCP

    by williamlebotschy Jul 1, 2016 6:16 AM
    jerseyvinny2 jerseyvinny2 Jul 1, 2016 8:59 AM Flag

    SXCP certainly looks interesting. If I weren't so set against owning any more partnerships, I'd start a position. I'll look into SXC, the parent. I don't have any cash in my stock account presently. Coking coal is a very different industry from thermal coal. The company has a U.S. address so I assume there's no Canadian tax issue. For anyone not familiar with Canadian taxation, they will take 15% of your dividend off the top before you receive it. This money may or may not be returned to you when you file form 1116 with your U.S. income tax return. Turbo tax generates that form automatically. However, If the stock is held in a tax advantaged account like an IRA, there's no Canadian tax at all. But then, holding partnerships in an IRA raises a separate tax issue.

  • Reply to

    Seeking Alpha

    by suadela24 Jun 29, 2016 1:54 PM
    jerseyvinny2 jerseyvinny2 Jun 30, 2016 2:19 PM Flag

    My Latin education was obtained at a Catholic high school in the Bronx. I wonder if that explains the complete absence of Roman dieties in my instruction.

  • Reply to

    Seeking Alpha

    by suadela24 Jun 29, 2016 1:54 PM
    jerseyvinny2 jerseyvinny2 Jun 30, 2016 12:10 PM Flag

    OH, I just got it. As in perSUADE. Amazing how many Latin stems have found their way into English. Keebon, don't feel bad. I too was unfamiliar and I had two years of high school Latin. ( which I hated)

  • Reply to

    THIS IS A WONDERFUL SNAP-BACK...!

    by staggman99 Jun 28, 2016 10:25 AM
    jerseyvinny2 jerseyvinny2 Jun 30, 2016 10:30 AM Flag

    ed, Yes, I still hold all of my SSL and VET. Both are what I believe are well grounded energy producers and I'm willing to ride this out. Hell, I even still hold ARLP which is a coal company. All are in a taxable account and I would have to deal with capital gains taxes. I did, however, sell my LINE a year ago as that one was in such bad shape with debt.

  • Reply to

    Brexit in perspective

    by williamlebotschy Jun 28, 2016 2:24 AM
    jerseyvinny2 jerseyvinny2 Jun 29, 2016 2:36 PM Flag

    pay.back, you're mixing apples and oranges. There's a big difference between immigrants who come to work under a visa system which chose them for their skills and millions of largely uneducated refugees who show up uninvited on your doorstep and have few language skills never mind occupational and mostly are unable to provide for themselves so become a huge drain on public welfare which is already strained almost everywhere. Sorry for the rant but I just couldn't take it anymore.

  • Reply to

    MO vs PM, another aspect of the Brexit vote.

    by jerseyvinny2 Jun 26, 2016 11:21 AM
    jerseyvinny2 jerseyvinny2 Jun 27, 2016 8:43 AM Flag

    Duncan, I'm not the one who red thumbed you, in fact I agree with you. But you need to understand that if this board is to survive as a great place for exchanging investing ideas we all need to check our political biases at the door lest we descend into the name calling depths we've all seen on other boards.

  • Reply to

    What About The Secondary?

    by geoffrion22 Jun 25, 2016 11:43 PM
    jerseyvinny2 jerseyvinny2 Jun 26, 2016 4:11 PM Flag

    Why is this considered a secondary? Except for the possible issuance of 2.2 million shares, the rest was always there, being held by WIN. In my mind, secondary refers to new shares which always brings up the possibility of dilution for the stockholders. I say possibility because a REIT has not much choice in raising funds and issuance of additional shares is the most common choice. But for a well run REIT the new money will be put to work to improve the bottom line by purchasing new properties or cutting debt. In a poorly run REIT the money might be used to finance the divided. Let's hope I've chosen the right one.

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