i have usac and exlp, without actually looking at last years k-1s i think the UBTI for last year was negative. there are many rules about UBTI in IRAs that you should read about that you can find with a little web surfing
i cannot get the march earnings on the 10Q to agree with the yahoo numbers, other than that i would go as well with daily fluxuations, but do not like the short interest for sure.
judgeing from this news it is comforting to know that quite a few investors must like the companies, not sure i understand the struction well enough to be anything but dangerous, anyway long term looks ok
well i will confess to being too lazy to do any more extensive DD and hoping that someone on the board has a good arguement the other way, i am long here in my grandchildrens ED IRA accounts, but that is a long term thing, at least after today we will know the current quarter earnings.
i apologize if i have confused the issue about dealing with k-1s. in an ira. there is no disclosure other than UBTI issues for MLPs in an ira. my comments on the k-1 to 1040 paperwork should have been directed to non ira ie regular accounts.
i am blessed i retired in 2000 at 58 from an aerospace company with a good 401K. went to cash just before the NASDAQ drop from 5500 to 2500? i will confess that it has been a struggle since to try to stay ahead of the commodities market fluxuations. looking back i should have been more balanced and been partially in tech or retail like AAPL. if you follow oil you know the 2 major hits during that period--147 to 30 and now the 105 to 42. i like MLPs for the distributions and have lived with the k-1 paperwork at tax time for the little i have in a non IRA account , other than UBTI there is not filing required of the k-1 in an IRA, keeps the mind sharp anyway. wish you the best in CCLP, i have it in a grandsons account, he is 8 so i can afford to wait and just see what happens, as you know the commodities market is like the weather subject to change on a daily basis.
while the recovery made for a great trade for anyone with the fortitude to do it. i disagree that we are out of the woods here. It is totally dependent on the recovery of oil/NG, and if you know where energy is going you must have a better crystal ball than most. Service companies with a heavy shale content are suspect for sure. one way to mitigate this is to have revenue from horsepower. full disclosure, i have a few shares of CCLP in a grandsons ed ira and hold USAC in my own ira. just came over to this thread to see what was happening after the huge drop.
without digging out my k1s i think that USAC and EXLP were both negative. remember it is 1k per account so several accounts allows more ubti. also you cannot consolidate different stocks in a given year positives and negatives to get a lower number. what you can do is keep track y to y of the positives and negatives in a given stock. also your ira custodian does the paperwork not you and you may have to pay them for that. also the tax thing from k1 to your 1040 can be messy i have used turbo tax over the years but you have to look at the actual sheets being generated and filed to make sure they are doing it correctly and then a few times do overrides. also it typically takes a bunch of shares to generate the $1000. big accounts should use a tax person for sure. i have liked energy over the years with its ups and downs. near term future does not bode well for the services in shale. pipelines and suppliers better. also like BX as a non energy MLP
i am long, have bought and sold CLMT before and got back in about 25, i lilke MLPs, it has been tougher since the drop in oil, so try to find those less affected. MMLP moving back up nicely.
we are getting hammered for sure,ok for the long haul but definitely pain short term, i guess we will know the whole story wednesday, definitely do not like the high trading volume
TEP has a very low PEG ratio ie excellent growth. Help me out here, why should we expect this to continue in the short term? Barring a real recovery in the price of oil/NG I would content that their near future revenue stream has to be level to down. With heavy dependency on shale and rigs counts dropping and self correcting ie as prices go up rigs up, creats over production, wash and repeat. Current short term is production has to go down because these wells have a much shorter life so their suppliers must keep drilling just to stay even. So near term cannot see much growth here compared to recent outstanding results so stagnate to lower price of stock.
I am in the dark here, never followed Bimini, I take it you are not a fan of Bimini, old AI was FBR as I recall. Side note I am glad in light of the loss just reported that I dumped AI.
after looking at the other companies in the sector i sold my AI. i go way back to the old company that went in the tank about 2007. i sold at that time made money, roughly broke even this time but collected the high Div for a couple of years. i like NYMT and ORC better and bought them, the wisdom of this move in light of the interest rate thing will only tell in time. happy investing in div stocks !