Sold my SPXU late yesterday for a tiny loss. Should've given it one more day. Easy to say though looking in the rear view mirror.
Would affect the liquidity of BDC's holdings, not the BDCs themselves. The holdings of BDCs are lower rated than junk and inherently less liquid than junk bonds already. Might be part of the reason for the discounts to NAV. Of course, not much new as far as this all goes.
Should move when natgas rises. Hot weather seems to move NG higher in the summertime due to greater electricity demands. That need is largely filled by firing up Natgas fired generators.
Pull down another $640 million of debt, pay off the line of credit for minus $263 mil. Net is about another $350 - 375 mil of debt. Hard to believe anyone would make that loan. Now, if they had some good hedges in place to guarantee a revenue stream..........
Had some shares, sold earlier today for approx break even. Want no part of more debt.
SLVO.....just added some today @ 10.93. The latest monthly dividend was .0972 (x-div on June 18). Total cumulative divs for the last 12 months were $1.4505 for a monthly average of 12.08 cents.
They do vary greatly month to month. The highest in the last 12 months was .2412 in February and the lowest was .0469 in May. I intend to keep a core position and trade some additional shares around those. I basically feel that Silver will be much higher at some point (perhaps $30 +)......I just don't know when that will be nor am I able to time it all that well. Feel that we must be close to the bottom end of any trading range though.
Beautiful day today in Green Bay. About 80 degrees, sunny, with a mild breeze. Already went out for a run and cut the lawn.
FEI and FPL both raised their monthly dists today (June 22 ) after the close. Check the news for both if interested. FPL trading way under its NAV.
FPL from .1017 to .1033...........FEI from .1150 to .1167......holding both.......Kel
Jman..........How long before the US is in this position? Debt is now $18,000,000,000,000 (18 trillion) and growing steadily. What can WE do to protect our Grandchildren from this FIASCO?
I've read Barron's on and off for decades. Back in the 1970s I recall paying about 75 cents per issue. Now over $5.00 at the news stand.
Anyway, my trust level of them has sunk to a new low in the last few years. The damage they helped do to LNCO / LINE was the back breaker for me and I wasn't even a holder at that time.