Watch. They will announce the dividend, let the price run up, then do a SPO in order to buy some MBS at a great spread - even though I wish they would just sell their lower spread MBS to the FEDS and Replace them with new, higher spread MBS.
All miners are getting bashed. But I'd rather get into a beat up but profitable gold miner right now than a coal miner. IAG pays almost a 5 percent dividend now, and I think it's sustainable.
HCLP looks bullish, But I like AGNC under $25 is paying 20% PSEC is @ 12%. IAG is almost 5 percent and has a lot of upside potential.
Eskimo, why you so worried about 3 tcf? We have over 4 tcf of storage available and it's growing.
Layering back in here and on UGAZ
Even UGAZ is looking bearish. You buy any more? Gold miners don't seem to be down much much for gold being down 30 bucks.
When you can get dividends of 4% or more on so many good stocks. Even some of the beat up miners are paying that.Some oil and natural gas stocks pay even more, and there's still room for them to go up.
ANV, a beaten down gold miner is up today on big volume. Anyone else notice that? anyone own it? What are your thoughts? Yahoo shows it priced at under 4X next year's projected earnings. They just let the CEO go and it looks like he got a sweet deal.