No, I didn't say 100% every year.
You are apparently as math challenged as the other poster.
100 to 1600 in 16 years DOES NOT equate to 100% per year, or anything like it..
Really, did anyone on this board pass elementary school math?
As for not being able to find a source, look on the Alerian website.
You can find daily historical quotes since inception.
Make sure to look at ^AMZX - Alerian MLP total return index.
Yes, for CVRR I have never owned units however I sold puts right from the start and roll them forward every quarter for extra premium. Premiums have been very high and so I collect quarterly income greater than the distribution without ever having to buy a single units.
"unpredictable for buying PUTS until announced."
Dummy, I sell puts, don't buy them. Roll forward every quarter for additional premium.
It's like collecting a distribution without ever having to buy units.
The hedge contracts existed at trust inception. My point was that it is not allowed to add new hedges. So after the initial hedges expire there will be no further hedges.
And yes of course drilling is done by the operator company, however the trust has no influence over that. The operator company makes all the decisions.
This thread arose from someone suggesting that NDRO management should make a statement. My reply to that stands...NDRO has no management (not even a single employee). The trustee is a bank employee who acts as trustee for a dozen or more trusts on a part time basis. NDRO, the trust, has no say over any operations decisions. All the trust does is collect royalties and pass them on to unitholders.
Those were existing units owned by the sponsor company.
Those units were already paying a distribution - the units simply changed hands from one owner to another.
US trusts are not allowed to increase units.
Of couse, a big block being sold like that creates downward pressure on the unit price but it in no way changes the cash per unit available for distribution. So unless you planned to sell around that time, it is really of no consequence to your investment.
That is silly.
A number of stocks went to zero during the flash crash too - does that imply those companies suddenly became worthless for a few hours?
Any traded security can collapse when everyone rushes for the exit at the same time. As for oil, it was back in the $60s within a few months of that crash and has been trending higher every year since then.
Hope you do not invest real money with that level of math.
P.S. All the index constituents as well as daily historical prices for all the Alerian indexes since inception are listed on the Alerian website.
Be sure to check the correct index - we are talking about ^AMZX, the Alerian MLP total return index.
who said I owned it? I never owned units.
I trade the puts and have made a lot of money from it.
" I understand LNV's reserves would be accretive so Surge."
That depends entirely on how much they pay.
If the price is higher, it would no longer be accretive.
Limiting commodity trading is already leading to higher prices.
Read the articles about how position limits is leading to lack of liquidity in the forward strip, leading to backwardation in commodity futures, causing producers to be unable to hedge and so scaling back plans for production increases. Taking the speculators out of the market only serves to increase volatility and reduce production. Many producers will not increase production if they are unable to hedge. It was the speculators who made up the other side of those hedges and now they are being forced out due to new CFTC position limits. Even CFTC has made a statement that the position limits were not thought through well enough. They are going to hae to backtrack and allow the speculators back into the market.
irrelevant how much it costs to build when the pipe is in the wrong place relative to current supply and demand locations. They can't just move the pipe across the country to where it might be needed.
You are right about one thing - I am not a trader.
Because it is not the way to build wealth.
You may win a few, lose more and have your money locked up not returning anything for long periods.
On the other hand, my income portfolio delivers over $300k (and rising) cash into my portfolio each year without me having to do a thing. And if I reinvest that income I get exponentially increasing portfolio value and cash income.
Your idea that trading is the way to make money shows who is the rookie. I can enjoy myself, don't need to make any decision yet still the money keeps flowing in. And the best part, it is mostly tax deferred...I pay hardly any tax on my investment income so it can compound exponentially free of taxes.
Do yourself a faor and learn about exponential compounding...Einstein called it the 8th wonder of the universe.
Oh, and by the way, your trade has gone against you again, just like last time. Which no doubt means we have to spend another few months listening to your idiotic tirades until you are able to get out breakeven again.
looks like your latest trade is backfiring on you again, just like last time. You really have no idea what you are doing, do you?
Months and months stuck in underwater trades with your funds locked up while you could be making money. Totally incompetent.
or EVEP, into the 6th year now of .001 per qtr increases.
It takes 10 quarters (2 1/2 years) for each 1c increase.
don't really understand comments about this being volatile.
Look at a chart and you see that for the last 9 months this has stayed in a very tight range between 50 and 52-ish. You could hardly find a less volatile security.
Even less reason to sweat as a chart reveals that the price has been locked in a very tight range around 50-52 for about the last 9 months. Price could hardly be less volatile.
That does not follow from what I said.
You are apparently unfamiliar with trusts.
A trust is simply a legal structure - there are no management, no employees, no offices or buildings.
Operations are handled by a separate company, often but not necessarily by the company which created the trust.
Similarly a trust cannot engage in business activities once it is created...no hedges can be applied, no reserves can be acquired, no debt taken, etc. All a trust does is collect royalties and pass them on to unitholders. That is handled by a banker on a part time basis (the trustee), who is responsible for many trusts.
Would be very ignorant if there was talk of a trust doing a secondary.
Trusts cannot issue units so there can be no dilution.
Existing holders can sell the units they own but that doesn't result in more units collecting a distribution.
these posts are just silly.
The distribution is falling so the unit price is dropping.
What is so hard to understand about that?
Like the other guy said, why do you need to invoke conspiracy theories?