You have to be kidding. I'm a 14 year old kid who gets his jollies pretending to be an investor. What? How do you know that's not true? Anyway, obviously way past due to change my name again. Something not so obvious this time, I think.
I caved and did about the same, after sleeping on it. Basically the LNCO shares that remain are trading positions I'll sell next year (probably), and I don't want to start a new holding period, there's that to consider. Anyway, if the gap goes back to negative, at least I captured some of it. My 2016 LNCO calls are sure looking good right now, LINE not so much. But I can't swap those, the taxes . . . . woof.
Guys . . . it was a joke, I'm sure. It is getting more reasonable, watching it here. Suppose 75 cents is a more realistic average dividend for the next couple years. At $23 it's been priced at a 13% yield!
That's why I think they should abandon the "flush the cash" approach to dividends. If they lowered the payments to a sustainable amount, taking into account capex and down time, the market would be much happier and would accord them a lower yield, and a higher price. A $3 dividend should price this in the $30's. Maybe they don't care about the stock price, I don't know. I would, just on general principles.
Could be, but I don't think you can roll out upstream equity with that kind of low return, don't see how the market would put any kind of decent price on it. Good luck, but I'm not willing to commit capital without getting paid. Of course, it is priced more like a call, but my fun money is tied up elsewhere. Going to have to pass for now.
I didn't think the mythology required them to sleep at all, they just flap around praising Him 24/7, don't they? Must get boring.
I'm my own accountant, and I actually enjoy putting together my annual MLP transaction spreadsheet! Perverse, I know.
Well, it's not that LINE is that much cheaper to hold when you take a sale into account, but 20% (fed and state), that's nothing to sneeze at if you plan on holding indefinitely. I'd be more concerned that LNCO will fall back to the usual buck discount when this brief bump subsides, and I'll miss the opportunity. Or not, but it seems very odd for the gap to close so quickly when it was so steady all this year.
So, I think what I'll do is . . . punt. If LNCO keeps going up, and a 5% gap appears on the upside, then I'll swap and use the "extra" units to pay for the taxes. Seems like a reasonable compromise. If it falls back a buck, well, whattya gonna do? Bite my fingers, I guess.
Ummm, I bought in the mid $5.30's, collected a dividend, and sold in the high $5.30's. And I'm not a pumper, you dork tube. What did you do, change your name? I had you on ignore. Back you go youngster.
"Their dividend is too big for me, said Cramer. It may be a red flag. I'd stay away." Which means, the first time he had seen the symbol in his memory at least, was when it flashed up on the screen. He looked at the yield and trotted out his usual comment.
I traded out of LINE into LNCO much lower, taking advantage of a unusually wide gap that particular day. Now the gap has closed, out of nowhere, following the RJ 7% premium opinion, which may or may not be the cause.
So, now what? Because I really would prefer to hold LINE, and I've decided to keep some of this trading position after seeing the strong Q2 numbers and guidance. Unfortunately, if I swap back, I'll get smashed with short-term capital gain, and my tax bill already has my stones aching. But if it falls back to the "normal" buck difference that's held for so long, I'll end up biting my fingers with regret at a lost opportunity. I hate these kinds of calls. What to do.
Close enough. You could be right, $40 might be a floor. If it is, well, I have my calls. If not, great, an opportunity. But I'm not going to buy it or chase it, because I'm not convinced the market is going to value KMI as a corporation based on yield. We'll see, I'm positioned to play either way.
Indeed, the press release does say July. Which is pretty amusing considering the distribution schedule on the website shows the August record date distribution being paid, but no June. Just so we get paid . . .
Well, actually the origin is in English slang. It's been used many times in different forms (it's in Huckleberry Finn for example).
That's certainly what I think, but I'm chock a block on the options, can't buy any more.
One thing, I believe after last quarter's numbers and guidance that they could increase the distribution sooner than the "sustained" might lead one to believe. By the end of this year they should have all the "moving parts" settled down and that should allow them to do some internal forecast work. I think around the end of Q1 2015 is a really significant time to watch, we could see an announcement then. They know they need the unit price up to pull off new deals, and I assume they're not going to stand pat after all this is done. The best way to get the unit price climbing is to show the markets visibility on the distribution. If they can manage it, I think we'll see it sooner than later.
It's not the original dude, it's some creep with a stupid chat board vendetta, posting the same thing with different variations of the name.