I like CHK as trading material in the production area. Price follows natgas moreso than oil. Sitting on $4 bil + of cash from property sale to SWN in December. They are being very careful with CAPEX for 2015. Might be in a good position to make an opportunistic acquisition or just some property additions. Expected production for 2015 is 73% natgas, 17% oil, and 10% NGLs.
Traded it a 4 times in the last few weeks, all for profits, but mostly only 15 - 25 cents each time.
Still holding core position in GILD bought @ $73 last year. Traded around that position a few times without much in results in either direction.
Just jumped in. Getting hammered today for no good reason. One of the best run small drillers out there. Good balance sheet, hedges in place, and they've been through these industry conditions before.
Not a current holder, but still watching. I think revenues are doing fine, gradually growing. Looking forward to hearing about the AR problem. Hope they got that taken care of.
Back into some CHK today @ 13.71. Likely ST trade. Still holding UWTI bought Friday, down about 7 cents. No big deal right now.
Go to CEF Connect.......enter the symbol...........click "ALL" on the upper left. Scroll down near the bottom. Info is there.
Great site to research all Closed End Funds.
Traded SFY and CHK last week for profits. Bought some UWTI (ETF that longs WTI X 3) right at the close on Friday @ 2.33. Will see how oil does early on Monday.
If things get worse in the mid East, oil could be sharply higher, similar to Thursday's action.
Obama will find a way to feed the $$ to his union buddies, like he did in 2009. $800 billion was supposed to go to "shovel ready" projects to fix roads, bridges, and infrastructure. Lined a lot of Democratic pockets, solar energy pockets, and teachers & state employee unions. What a joke. No wonder the roads, etc., are in such horrible repair.
Leroy......did you know that CTF issues a K-1 for tax purposes rather than a 1099 at the end of the year. Saw that in the text that follows the monthly distribution news.
I'd say it's a yield that is somewhat at risk. I don't consider a utility paying 4% (or ATT paying 5%) high yielders. Any yield over about 6% is at some degree of risk IMO. Might not get cut, but may be hard to sustain in difficult times.
A year ago, many thought that RIG, SDRL, and others similar were paying safe yields. Look what happened to them.
Question is.....will they ever do those spin-offs? Seems like a forgotten subject since the dividend cut.
Can you imagine what the div would end up at if they spun off the Real Estate and /or Consumer Finance portions of the portfolio? Might be under 5 cents a month with a stock price of less than $5.
I'll be really surprised if it ever happens.
Segregate and follow these as a group..............no more than 3% of my IRA in any one of them.......
ETW (also in regular acct)
GRX (actually more like total return than high yield)
FSFR (also in regular acct)
Bought some UWTI @ 2.33 (3 X long WTI-oil) right at the close. Looking for a bounce early Monday. If I'm wrong, I'll exit quickly.
Have a good weekend ALL................Kel
A huge variable is that it resets every day. For example...........if WTI price goes up 100% in a week you'd see entirely different movement from UWTI if........
WTI went up 100% in one day......then flat
20% a day for 5 days each.....
33% a day for 3 days.....then flat
Kel............have traded UWTI here and there....not in right now
You can sell covered calls on SLV if you want and forget about SLVO. I've only had SLVO for a few months, but am happy with it so far. Getting a better feel for how it correlates to the movement of Silver itself. Actually traded around my core position (only 3% of my portfolio) for a nice profit.
I've always liked the buy / write concept, but too lazy (plus high comms) to do it myself. I also hold ETW and ETJ (also about 3% each) , two Eaton Vance CEFs, that do buy / write and pay monthly distributions.