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CVR Refining, LP Message Board

ahkydildock 17 posts  |  Last Activity: Apr 7, 2014 12:20 AM Member since: Mar 18, 2010
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  • Reply to

    Sold My PSEC ... Bought more BDCL

    by ahkydildock Apr 4, 2014 10:11 PM
    ahkydildock ahkydildock Apr 7, 2014 12:20 AM Flag

    Well, Dave ... that's an interesting approach.
    Russell hasn't done it yet ... "Russell revealed that it will remove BDCs from its indices during a planned June reconstitution if the Securities and Exchange Commission does not change the group’s fee-reporting standard by May 15," so we probably haven't seen any impact yet.

    There's potential for a sizeable (tho temporary) downside impact, "Some BDCs’ ownership in Russell index-related funds see as much as 38 days’ worth of average trading volume."

    Ex is Wednesday, so we have likely seen all the prior run up for the price.
    We'll know in about 5 weeks if this will happen, at which point, you start to see a benefit.
    Meanwhile, you likely have minimal risk of the price running away from you.

    Hmmmm .... interesting

    Anyone else want to expound on this strategy?

    Ahky

  • PSEC and I had a long relationship.
    It was my first ..... ....... ....... BDC stock, so I had some sentimental attachment; I mean, hey, it was my first.
    I got over the withdrawal symptoms from no more monthly divies pretty easy.
    Heres my thinking ...
    -BDCL div is bigger .... (so the list should end there, right?)
    -BDCL's collection of underlying companies should smooth out the bumps in the road.
    -I have been uneasy for some time regarding PSEC's constant issuing of stock. Yes I know they are using the ATM method now, but the float keeps getting larger and larger regardless. So, I'm a nervous Nellie, but I just can't wrap my head around a constantly expanding universe.
    Anyway, that was How I solved that large philosophical problem.
    Oh, and yeah ... bought some more MORL as well.
    Ahky

  • Reply to

    Glad To See This Board ...

    by ahkydildock Feb 27, 2014 9:10 AM
    ahkydildock ahkydildock Apr 4, 2014 9:38 PM Flag

    Lunco,
    I use the message boards as a major tool to make sure I am on top of things ... also to pick up other investing ideas.
    I keep the message boards for all that I own or am considering in a folder called Messages (clever, huh?) in my favorites file.
    They are quicker to access that way and, what I usually do is "open all bookmarks" (command) and I can go through them all easily.
    Sounds easier than what you are going through.
    Ahky

  • Reply to

    Glad To See This Board ...

    by ahkydildock Feb 27, 2014 9:10 AM
    ahkydildock ahkydildock Apr 4, 2014 6:32 PM Flag

    Welcome to the new Yahoo.
    So much has become screwed up with this outfit.
    I used to depend on Yahoo as the starting point for all my investing.
    I used MY Yahoo as my home page for almost as long as the company has existed.
    All my portfolios were there (stuff I owned and stuff I was researching and watching.)
    I could see at a glance if there was any news about anything I owned.
    Then they improved the My Yahoo experience.
    I am desperately looking for a replacement before they improve the financial section out of existence.
    You got any suggestions?
    Ahky

  • ahkydildock by ahkydildock Apr 1, 2014 9:49 AM Flag

    Nice way to start the day.
    I suppose we'll have to fill that gap at some point though.
    Ahky

  • Reply to

    March Dividend

    by science_on_my_mind Mar 28, 2014 2:23 AM
    ahkydildock ahkydildock Apr 1, 2014 9:13 AM Flag

    It was, what? ... .07 ...something like that.
    yup, I got it.
    treated myself to an ice cream cone.
    You probably got it too, but since it made all the impact of a gnat on an elephant, you simply didn't notice it.
    Ahky

  • Reply to

    Wells Fargo Readjusts Div Back to 1.10 ?

    by ahkydildock Mar 29, 2014 10:45 AM
    ahkydildock ahkydildock Mar 31, 2014 7:59 PM Flag

    Thanks, Up
    I'm gonna prod etrade (they hit me for 3%) as to why they did that.
    too bad I can't get info re Wells.
    It would be a bit better than just pointing to Wells and saying, "hey, they did it right; now you guys do it too.
    Ahky

  • I understand that Wells Fargo originally paid 1.074. They then changed it to 1.10.
    Does anyone here use Wells?
    Can you confirm that?
    Can you let us know why Wells' did that so we can go back to our brokers with that?
    ETrade took 3% (after taking less than 1% previously)
    Thanks in advance ...
    Ahky

  • Reply to

    Re: Nice News

    by ahkydildock Mar 23, 2014 10:39 PM
    ahkydildock ahkydildock Mar 23, 2014 10:45 PM Flag

    Note "Proposed"
    It's nice news in that it is not Bad News.
    There is no direct positive affect on AWLCF, but rather, it shows that the Government is concerned about the assets out there and are willing to work with industry to beneficially retrieve them.
    So ... can't hurt AWLCF, but rather will likely be beneficial in that the entire industry will gain.
    All boats rise on the incoming tide.

  • ahkydildock by ahkydildock Mar 23, 2014 10:39 PM Flag

    Here is the entire article:

    Proposed UK North Sea Drilling Tax Relief to Boost Production
    Budget 2014: Tax relief to boost North Sea oil and gas investment
    By Jessica Furseth | Wed, 19th March 2014 - 15:13

    Budget 2014: Tax relief to boost North Sea oil and gas investment
    A new tax allowance to boost investment in the North Sea oil and gas sector has been announced by Chancellor George Osborne, in his Budget speech.

    The measures are intended to boost investment in ultra high pressure, high temperature (HPHT) fields, by providing an allowance to exempt a portion of a company's profits from the supplementary charge. The amount of profit exempt will equal at least 62.5% of qualifying capital expenditure a company incurs on these projects, reads the Budget.

    The move will be encouraging for companies looking to develop large HPHT projects, and boost exploration activity in the central North Sea. The initiative should also benefit the supply chain in the sector, and encourage Britain to develop leadership in this new technology.

    The government will launch a review of the tax regime for the entire oil and gas sector, said the Chancellor. Osborne highlighted North Sea oil and gas resources as a key British resource, in a Budget presentation that focused strongly on supporting export and manufacturing.

    Also onshore oil and gas exploration companies will receive a new tax allowance. The amount of profit exempt will equal 75% of the qualifying capital expenditure a company incurs on onshore oil and gas projects since 5 December 2013.

    Declining North Sea output

    The Chancellor vowed to implement the recommendations of the Wood report, which sets out to maximise the UK's remaining offshore oil and gas resources. Initial promises include investing to prolong the life of existing infrastructure, as well as better collaboration so resources can be shared on a regional basis, not just at individual fields. The stewardship of the UK's oil and gas resources will also mo

  • ahkydildock by ahkydildock Mar 20, 2014 9:23 AM Flag

    From a poster on another board:

    "Proposed UK North Sea Drilling Tax Relief to Boost Production
    Budget 2014: Tax relief to boost North Sea oil and gas investment
    By Jessica Furseth | Wed, 19th March 2014 - 15:13

    Budget 2014: Tax relief to boost North Sea oil and gas investment
    A new tax allowance to boost investment in the North Sea oil and gas sector has been announced by Chancellor George Osborne, in his Budget speech.

    The measures are intended to boost investment in ultra high pressure, high temperature (HPHT) fields, by providing an allowance to exempt a portion of a company's profits from the supplementary charge. The amount of profit exempt will equal at least 62.5% of qualifying capital expenditure a company incurs on these projects, reads the Budget. "

    Ahky

  • Ok, so the canine deal comes through; have to be glad for that. But ... look at the numbers:

    "Under the agreement, Aratana made a one-time upfront payment to Advaxis of $1 million and an additional $1.5 million equity investment in Advaxis common stock and warrants. Aratana agreed to pay up to an additional $6 million in clinical and regulatory milestones for each of the four products, assuming approvals in both cats and dogs in both United States and the European Union. In addition, Aratana agreed to pay up to $28.5 million in commercial milestones. Upon regulatory approval and commercialization of the immunotherapies, Aratana agreed to pay Advaxis a tiered royalty ranging from mid-single digit to 10% on net sales."

    This is not the stuff of financial transformation.
    And Aratana? Again, not the big name one would have hoped for.

    This looks like a deal that could be made, not one that should be made.

    I've been in and out of ADXS for years now. I want to believe, but keeps getting harder.
    Help me understand that this is more than just a deal; that it is a BIG deal.

    Ahky

  • ahkydildock by ahkydildock Mar 10, 2014 8:09 PM Flag

    I've made a few bucks on XXII thanks to you.
    I appreciate your sharing your leads with us.
    Many of the stocks I trade first came to my attention from mentions on message boards, like XXII.
    Keep it up ... you've got my attention.

    Ahky

  • ahkydildock by ahkydildock Mar 9, 2014 11:31 PM Flag

    So, from out of nowhere in the realm of things that can go wrong, BDCL gets blindsided by BDC's getting booted from S&P and Russell indexes.
    My take ... nothing has changed with the fundamentals that drive these companies. They will still be doing business as usual (and issuing dividends per same).
    What will happen though is funds that hold BDC's as a result of the listings on the indexes will need to sell them. I see this as a temporary share price downturn until shares get redistributed into the market.
    As the S/P reduces, the Dividend % will increase, thereby bringing fresh money into the issues.
    Equilibrium is likely at or near the current share price (albeit with likely further near term decreases).
    Anyway, that's my insight.
    My strategy? ... hold and collect dividends (which was the original plan anyway).
    Anybody who can disabuse me of this notion is welcome to have a go at it.
    I can be swayed, especially by a well thought out, insightful argument (instead of my broadbrush, dart throwing stock selection methodology. E.G. ... I bought BDCL because I liked the L in the symbol)

    Ahky

  • Reply to

    MORL

    by asstsecretary Mar 4, 2014 11:41 AM
    ahkydildock ahkydildock Mar 4, 2014 7:18 PM Flag

    I hold MORL as well, though a smaller (not by much) position than BDCL.
    I reduced my position in MORL a while back during the downturn and am considering selling my PSEC to increase my MORL position.
    Its hard to argue with a 20% return, plus its a monthly dividend.
    I've been waiting for a drawback from its recent runup, but, Ive been surprised at the strength of its advance.
    I can stop that runup quickly by buying some MORL tomorrow.
    I won't argue that MORL is a good component for any portfolio.

    Ahky

  • ahkydildock by ahkydildock Mar 3, 2014 10:03 PM Flag

    Well, not really a website, but here's where UBS gives what information they have on BDCL:
    etracs.ubs.com/product/detail/index/ussymbol/BDCL

    It lists Components and weightings etc.

    Once I decided to buy it, it leveled off ... but I look forward to a rising economy pushing both the stock and the dividend higher.

    Ahky

  • ahkydildock by ahkydildock Feb 27, 2014 9:10 AM Flag

    This is one of my bigger holdings.
    Been in and out of BDCs for years now; when I found BDCL, it simplified things for me.
    I still hold PSEC as a separate entity, but keep asking myself why, when I can get a better return here.
    Guess I just like PSECs monthly divs.
    Also, PSEC trades more like a preferred with its tight range.
    This should give appreciation as well as divs ... thats my plan anyway.
    Of course, if the market tanks, this will follow; but I'm optimistic about things. I think we'll see more good times ahead than bad.

    Ahky

    Sentiment: Buy

CVRR
23.79+0.19(+0.81%)Apr 17 4:05 PMEDT

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