as of 11/1914 share price selling at 7.98% premium "not a buy for me". They have a good market maker or there,s a whole lot of fools out there
Today is 11/24/14 and the last time the company updated there website was 11/12/14. these guys are so busy losing everyone of there investors money they can not take the time to type in there nav once a week on there website. As of 11.19/14 this fund was selling at Premium of 7.98%. Anyone who pay,s this kind of premium need to buys a CD and stay out of the market.
Looks like someone did there job. The shares had a NAV as of 11/05/14 of $14.70. The open market price on the same day was $15.57. I would not be buying these shares at a premium to nav of 6.94%. I would buy if they got to a discount.
eca is much better. will make you a lot more money. gst will never go any where. I would go with ge before I would go with gst. Encana (ECA) will double and gst may go BK.
11/03/14 12:45pm et There website has been last updated on 10/22/14. How hard would it be to just keep there own website up to date. I would flush my money down the toilet before I would give these guys any cash at a IPO. I would buy at a good discount to NAV. The shares are trading at a 3.30% premium as of 10/31/14
funny how the price of ffc goes up and then when the shorts start back at it again on the oil stocks in moves back down. same happening on other cef preferred funds
If is was so easy to say they over paid for athl. No one could have forecast this drop. Did you sell all your shares of eca the day they announced the deal. The stock shot up that day and the market liked the deal at the time. Timing was not great , but just bad luck, Look foward and where will eca be in 5 years after collecting some nice dividends.
you sure right about what happen with the fed and QE the last few times and where smart to move in to cash. I thought things where picking up and people would be needing more oil. I sure wish I was not so heavy in oil stocks. I really go this one wrong. May take a long time to turn around. But There is some pretty crazy stuff happening in middle east so things could change over night. You can sleep easy sitting on cash.
just traded up to $19.70 at 12:30 pm et on a 10k block trade .If the person buying has that kind of cash they may like the yield compared to the risk. Like I posted earlier the fund manger did not think it was worth it to pay for interest swaps. He has been right on so far. 10 year t note at 2.22%. This fund at $19.50 is paying 8.37%. Everything has it risk,s. This funds been better to own then the oil,s for sure. oil down 19% in last 90 days.
If you go to there website it still has not been up dated with the current net asset value in nine days. It would be nice if the people running this fund could get off there rear end and do there job. They seem to have the worst stock picks and highest fees. Come on due the one job you can,t screw up. I have called them more then once and they just don,t care, they already have your money and our charging there fees. The only thing you could do is if your called you to buy this at a ipo price you need to look for a new broker who has both your best interest in mind. This can still be a good buy at the right discount to nav.
There will be time at the end of year with all retail people who paid $20 that will be selling for tax loss. My finger have all been cut off trying to catch a falling knife on all my oil stocks . I have timed srf right two times. Have no shares at this time. One day oil will be up again and these stocks will rebound. Anything in oil patch has been ripped a new butt
buy when it at a discount to net asset value and you need oil to move up. There no income if the value drops faster then pay out. They can only pay out good money if the companies they buy are making money and not cutting there pay outs. Or you be getting paid back your own cash and there charging you to pay you your own money back with management fees on top it.
mizesaw CEf connect does not have up to date NAV till these people at The Cushing® Royalty & Income Fund put up the net asset value. check under Premium/Discount Information and it is always old till they up date. If it going down 7% a week it not a good buy. I have been killed on chk esv was doing good on eca most profit gone. I am running out of blood from this bleeding. That,s when you make money buying when others are bleeding. good luck.
Check there web site for the up to date net asset value. You will need to wait because as of 9 am on ( 10/10/14 ET) it still has not been updated for nine days. These guys are for suckers who use brokesr to sell them this fund 06/17/14 for $20.25 when the same day it was only worth $18.98 in net asset value so the broker could make a big commission off retail buyer who are suckers they buy at 10% premium to asset value and now when it gets to $16.00 a share maybe they will be selling at a 5% discount. They will sell and lose 20% of there investment in 90 days. No brokers for me. Like I said earlier these guys should try to work on there investment skills before taking peoples money to lose it for them. They can not even keep a web site up to date every 7 days. I would think with there over the top management fees they could update the net asset fee daily. Good luck and only buy this with a big discount because it is rigged even there market maker makes funny trades when they try to sell more shares to retail.
Did the shorts run for there heart medication. The short will make all longs rich. Look at the pe of GE and then look at the pe of esv. It will happen when the short are all running off with mouth and they will have a hard time seating down for a week.
With the funds they recently borrowed at 4.5% for ten years they could buy back shares and save the amount they are currently paying out on the dividend of over 7% and drive up earnings per share by lowering outstanding share count. If they where to do this you can be sure the people a the top of management would be giving themselves a ton of free options, raising the share count back up.
I loss a my butt so far on this stock lately. I trade with a broker who gives me free trades so I just keep buying a few more shares and try to adjust my average cost down. No one knows when it will pop to the up side. I have found that large gains of 200% sometimes take years. when the stock raises in price above my highest cost shares price I sell them off at small profit and hold the balance of my lower price shares and reinvest dividends and wait for the shares to recover in price and when the brokers are up grading every other day I sell off 20% of the shares .As it gains in share price I keep selling off pieces of remaining shares with long term gains for tax reasons. It may take years but it will make you rich. When the commodity in this case oil and drillers are in favor Again. I am pretty sure oil will be $120 a barrel one day in the future and this stock will have been a winner plus all the dividends that bought shares at low prices will be icing on the cake. In the market you have to go against the grain to be successful