Just google it. Outside of the mainstream press it's not a secret. I'm not making it up. It is variously called the "pause" or the "hiatus." They are desperately trying to explain it away by fudging the past measurements to make the past appear cooler than it actually was or by claiming that the extra missing heat is miraculously being buried deep in the ocean and that's why it isn't showing up in the global measurements. Its the old dog ate my homework excuses. The problem is that its hard to fake satellite measurements or to argue that the satellite measurements aren't accurate. (Actually the satellite measurements hint at a very small possible global cooling trend. )
This global warming hysteria will most likely be over in a few years when we hit 20 or 25 years with no change in the climate.
It has been 18-1/2 years now since NASA's remote satellite sensing system has measured ANY statisitcally meanuingful change in the Earth's average atmospheric temperature. Measurements by satellite from space are the only accurate and unbiased measurement and the only measurements to cover almost the entire planet. The number of Atlantic hurricanes is way down which suggests an absence of ocean warming. The ocean ice coverage around Antartica is near a record high which suggests global cooling. There is a drought in California which suggests global cooling. And polar bear populations are steady and might even be rising. Don't get taken in by all the global warming propaganda because most of it is tricky numbers or outright lies.
Just pray that Iran doesn't nuke New York City in a few years. Do you actually believe that a country that seizes diplomats would hesitate to cheat on a piece of paper?
My sentiments exactly Perry. I thought yesterday was the bottom and I thought yesterday's closing price was a terrific bargain. At better than a 20% distribution yield we have to be close to the bottom. You have to do your research. But in the end dumb luck plays the biggest part. You can't time it.
I bought a small number of new shares this morning. I regret that now as I'm immediately down on them. Still I'm pretty confident that it will be profitable in the long run.
I bought a lot of oil stocks the last time oil and natural gas were low like this. When oil began to recover I was surprised by how quickly my shares in companies like LINE and EVEP rose. I went up a few hundred thousand dollars in just a few weeks. No kidding.
Totally irrational selling. At today's closing price the yield is now 13%.
I was just clicking through the other MLPs and it's the same story. For example the yield on ARP is now 20%. These prices are tempting. But are we done dropping? And is Iranian oil going to come flooding into the market?
The person who sold it to you got the distribution. The rule is that the person who owns the shares at the close of the market on the day before ex-dividend day gets the distribution. On the morning of ex-dividend day the shares open without the distribution. I hope that helps.
This looks like panic selling. The average daily sales volume is about 2-1/2 million shares. We've hit a sales volume of over six million shares already today in half a day's trading. Sometimes a steep drop on heavy volume with no news is a signal that a bottom is forming. After everyone who was considering selling has been scared out there is no one left to sell and the stock begins to recover.
NCZ just announced the July dividend. There is no change. It is 0.085 per share. The ex-dividend date is June 9th, the pay date in July 1st. (You must own your shares by the close of the market on June 8th to get the dividend on July 1st.)
(You can find a copy of the press release at the Alliance Global Investments web site under closed end funds, NCZ, press releases. You may have to play around a bit with the web sit find the press release.)