AGNC is down quite a bit, NLY slightly less, but ARR, CIM, and CMO all holding even or up a little. I wonder why AGNC is so much weaker than the others.
ETE and EPD Update from Morningstar
Analyst Note 11/21/2013
Energy Transfer Equity's stock was up big Wednesday after the company detailed plans for Trunkline LNG and its Lake Charles LNG export partnership with BG Group. We are placing our fair value estimate for ETE under review and expect to materially increase it. We also expect a modest increase to our fair value estimate for Energy Transfer Partners.
ETP and ETE announced a deal in which ETE will acquire ETP's ownership interest in Trunkline LNG in exchange for the redemption of 18.71 million ETP units held by ETE, valued at roughly $1 billion. This does two things. First, it reduces ETP's unit count by 5%, which increases ETP's ability to increase limited partner distributions. ETP will also receive management fees from ETE in 2014 and 2015 and incentive distribution waivers in 2016-19, resulting in an additional $330 million for ETP's distributable cash. Second, by moving Trunkline LNG to ETE, the firms will have created an ideal platform from which to launch another master limited partnership, tentatively called ET LNG, which will ultimately house all LNG cash flows. ETE will now directly benefit from existing take-or-pay contracts with BG for Trunkline's regasification capacity, increasing ETE cash flows by $185 million in 2014 and 2015, $165 million in 2016-19, and $100 million thereafter. While this may sound like financial engineering, the math works, and we expect both firms to see higher per-unit distributable cash flow as a result.
The firm also detailed how it will structure and monetize its Lake Charles LNG exports. As we've come to expect from Energy Transfer, the details are complex, but here the bottom line is straightforward: Should the Lake Charles LNG export facility move forward, ETE and ETP will receive roughly $885 million in annual cash flows for 25 years, with no volume or price risk. Such steady, ratable business not only will support ETE's wide economic moat, but also may lead to us to increase ETP's narrow moat to wide.
Someone dumped over 400,000 shares....not a good sign. Does anyone have any idea if the preferred shareholders have any chance of getting paid the missed dividend payments that we're owed? Thanks.
It looks like someone dumped over 400,000 shares today on no news. Not good. Does anyone have any info on what's going on here or with AMTCP, the preferred shares? Is there any chance we'll get paid the back dividends that we're owed? TIA.
Commodity prices break amid taper talk • 3:11 PM
Sensitive commodity prices have rolled over in afternoon trade with Lockhart's December taper talk as good of an excuse for the move as any.
Off 2.1% to $93.14 per barrel, WTI crude (USO -1.9%) hits its lowest close since right around Memorial Day. As heating season gears up in the northeast, heating oil (UHN +0.5%) at $2.86 per gallon is about a dime cheaper than this time last year.
Gold is -1.2% to $1,265 per ounce, and now off about 10% since Labor Day. GLD -1.3%.
Gold ETFs: GLD, IAU, USO, OIL, PHYS, UCO, SGOL, UGL, DGP, SCO, GLL
Oil ETFs: UGA, DZZ, DBO, BNO, DTO, UGLD, DGL, CRUD, DGZ, AGOL, USL, GLDI, DGLD, FSG, SZO, DNO, TBAR, OILZ, UWTI, OLO, UBG, UOIL, DWTI, DOIL, FOL, TWTI, OLEM
Mine is frozen, too. Total POS!! I'm calling them now....again! Nobody should ever open an account with Ameritrade!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Sentiment: Strong Sell
I bot some more at 34c today.....I can't say that I understand the selling and drop from 44c a few days ago with the positive news.
Friday, November 01, 2013 9:52 a.m. EDT
-- Buying 500 shares of Linn Energy at $29.78.
We are going to buy 500 shares of Linn Energy (LINE:Nasdaq)
at about $29.78.
We are moving this stock to a One rating from Three.
Today, the SEC officially ended its inquiry tied to the
company's accounting practices. The stock is down 14.5%
since the SEC announcement and with this overhang lifted we
see shares moving higher in the near term. Importantly, the
distraction is out of the way and management can now focus
on growing its business and rekindling the Berry Petroleum
There is a chance that the terms will be adjusted for BRY,
but we believe that is already discounted in the share price
and that the company is much better off with BRY (even if it
costs more) for earnings and distribution growth. The
company will hold a conference call on Wednesday Nov. 6 to
discuss its 3Q results (that were released on Monday evening
and were better than plan) and to provide an update on BRY.
The combined entity has an NAV of $40/share, so there's
ample upside from here.
After our trade we'll own 1,000 shares of LINE, or 1%.
Jim Cramer, Stephanie Link, and TheStreet Research Team
I agree completely.......Trade Architect is a total POS. Everything is so much worse than what was available with the Streamer and Command Center platforms. I hope everyone who cares and hasn't closed their accounts already will email and call them....maybe they will get a clue and listen to their customers. Also, I have asked them to forward my emails about the endless problems with TA to management, and they have assured me that they would. I think many of the employees at AMTD are very sympathetic to our problems and complaints about the Trade Disaster platform.
Sentiment: Strong Sell
Last week I spoke to a person in the Technical Assistance dept about the problems I was having with POS Trade Disaster. I will not list his name or the day that I spoke to him for obvious reasons. He was MOST sympathetic to my complaints and agreed COMPLETELY with me. He said he was shocked that AMTD put out the TA platform when they did with SO MANY problems.
I have made it clear to them that I will be moving some or all of my accounts to Scottrade or another brokerage where I already have several accts if there are not MAJOR improvements made to TA. My acct size is somewhat larger than yours, natraps, not that it's really important. What is important is that AMTD is losing a LOT of business and accounts by shoving POS TA down our throats. People will not put up with it for ever, and they are risking a lot of business by their actions. Hopefully they will make some huge changes and imrovements to TA when they come out with their long-awaited update. Keep after them.....
Sentiment: Strong Sell
It's pretty sad.....and pathetic.....to see a company choose not to listen to and take care of their long-time customers, and then drive them away to their competitors. Just amazing......Who's running this company and making these decisions, anyway?
Sentiment: Strong Sell
Trade Architect sucks....and is so much worse than Command Center and Streamer. It takes for ever to get the news to load, if it even does, no News Streamer like the others had, a major loss for us, Alerts so much worse, charts, everything. They should make some major improvements before they lose even more of their long-time customers than they have already.