Your military service for the greater good is much appreciated by all thinking Americans. Where the hale would we be without the dedication and sacrifice of our military?
I am starting to think investing for the long term is for the birds in a market dominated by trading. If you can't beat 'em why try? Been shifting to a core trading approach and so far that's the only thing that's worked YTD. I exited SSW, NRZ and a third of my TOO with profits, although I needed two dividends on SSW to put me in the green. Bought HTGC near the close. Nice yield going ex-div 2nd week in March. Will try to sell before that time... hate the unknown that comes after the ex-date.
I agree the country is on the downward slope. I am not hopeful. Perhaps it's always been such. The Bible says there is nothing new under the sun. Store up treasures in heaven.... no worries about moths, rust and thieves (Wall Street).
I think the super rich are putting their money into buying up hard core assets with prospects for good returns and to avoid the risk in the stock market which is unpredictable and harder to control. Of course the private equity funds don't always guess right but neither do the stock pickers.
I'd buy NAT except for the NAO connection. What are NAT's options regarding NAO if one assumes the offshore sector will not improve? Buying more shares of NAO seems like throwing good money after bad. Carrying NAO shares may not look good on the balance sheet but doesn't affect cash flow. Has NAT made loans to NAO or assumed any debt? Why not cut them off? NAT shareholders should not be responsible for keeping NAO afloat.
I exited NRZ and reduced TOO and SSW in the early going. As one not used to holding a decent amount of cash in my accounts, I have to admit it feels good at the moment.
I like NAT but worry the NAO connection may be a drag.
Looking hard at Avance.
Reduced my SSW and TOO positions at today's open and looking for somewhere to put the funds. HTGC is tempting as is AVACF but will wait for the earnings report.
Here's a thought....
The gov't bailed out the banks by helping them unwind their portfolios loaded with "Toxic Assets" of undetermined and sometimes zero value (remember the Toxic Asset Relief Program?). I'd support a program where a gov't agency like the Bureau of Land Management, the National Park Service or the National Wildlife Service would buy and take title of land and mineral rights of insolvent oil and gas producers. The land/rights would be held in public trust and managed in a way that balanced economic return and environmental return. If the land is not profitable for energy production, it can be left dormant, like the Conservation Reserve program for less productive farmland and put back in production when prices improve or eventually sold to pay down the debt used to buy it in the first place.
The requirement is in the amount of ethanol and biodiesel that must be blended into fuels each year. The EPA is required to set limits on an annual basis. The levels required in 2016 were set last year. Well over 90% of the gasoline produced in the US contains at least 90% ethanol. If you live in an ethanol producing state you are probably using gas that contains 15% ethanol. E-85 is also sold but not popular. As I understand it, Biodiesel blend is also common in Minnesota during the non-frozen months of the year. I am not a proponent of small government but to me, the whole ethanol thing is gov't at its worst. But I haven't invested a dime in buying farm machinery. I get a little rent but hardly worth mentioning.
I see parallels between ETE and NMM. Overdone, costly expansion plan, shut out of the equity markets and dependence of the GP/parent on the MLP.
I think the best argument for a recession is that we are about due. I do think the tortoise-like growth of the economy does make it more resistant, except that a few sectors that growth too fast, like oil and gas production, could have enough recession for all of us. My personal nomination for "most-hope-they-go-into-recession" would be our media and entertainment industry.
All good ideas plus I would add a relatively small tax credit for low income that would phase out when the taxpayer reaches the poverty level for either an individual or household. Worth a try to incentivize wage earners to work more... and pay more taxes.
I don't understand the ETE future anymore. They were on their way to becoming a pure play GP and I don't see how that works anymore. TK was doing the same in shipping. Long term, ETE, ETP, WPZ and the rest should continue to consolidate and eventually abandon the growth model... cause the days of rapid growth are gone, for now. I hold ETP and WPZ. There is the high yield, which thankfully has been maintained, but there the MLPs in the Energy Transfer family are the ones that own the bulk of the money producing assets so I figure there is underlying value which ETE can't match.
I agree with everything you say.
The $10 tax on a barrel of domestically produced oil is a real laugher. I do think the gov't should phase out the ethanol requirement in gasoline. IMO, ethanol is a failed experiment for fuel unless oil prices are high enough so it can compete on its own merits.
Thanks for bringing the latest media headlines to the message board. But maybe you should be careful about using yahoo headlines as confirmation of your theories. Why not read the jobs report and give us your takeaways? Job creation has been good for a long time running. Should we be alarmed that another record or near record did not happen in January? The report was quite mundane as I read it. Does the DOW's immediate reaction to the report tell us anything of substance? I don't own LinkedIn and refuse to be part of it in my personal life. Why would I care if another internet idea heads south? Exports fell? No surprise there is there? How about imports and the trade deficit?
Did you see the Wells report that had the list of 64 MLPs and rated them by potential for a distribution cut? I saw it but now can't find it. Maybe they pulled it. Do you know of this and where it is?
CPLP is reasonably strong MLP that got caught in the MLP down draft. They suspended quarterly distribution increases but maintained current level.
John Fredriksen said Seadrill would maintain its high dividend six weeks before eliminating it. In early December 2015, Kinder Morgan's CEO reiterated Richard Kinder's sincere but wrong-headed commitment to increase the $2.04 annual dividend by 10% in 2016... a couple of weeks before cutting it to 50 cents. I hope Jim Cramer starts a new "Wall of Shame" for CEOs who publicly commit to a dividend before cutting it soon after. More well-deserved recognition for Angeliki Frangou.
AF took data and created the best story and provided the best answers she could given the situation... i.e., trying to save the companies she executives. However, the story and the answers were not true and she knew it.
I sold my last 100 shares just now. Wondering, though, how you think it makes sense to make a long-term investment in NMM or any company that may not be here in 2-3 years?
The IEA best guess is that global supply will grow by about 1 million bpd in 2016, and perhaps by as much as 1.5 million bpd. Supply is expected to exceed demand by 1 million bpd for the year. They think non-OPEC supply will decrease by around 600,000 bpd by the end of the year.