Wish all my companies were as good as Armanino - and great product too!!
I have been in SXL for about 4 years now, and from what I can see, there is nothing going on except a rotation in stocks by the general market. The yield on SXL is lower than other MLP's at about 4% - CMPL NRGY, APL (all of which I own) have larger yields, but are not as strong a company as SXL. Having said that, as people fear rising interest rates, they may consider yield, and keep selling SXL until the yield is up a bit more . . .just my thoughts, but SXL has a long history of increasing dividend - SO BOTTOM LINE - this is a very good buying opportunity for those of us who want to increase our holdings.
I agree that there is no fundamental reason for the decline - the secondary has given them a lot of money to pay down debt, and it has been a very cold spring in their service area -
http://seekingalpha.com/article/1423691-spyglass-resources-with-a-15-5-yield-the-market-wrongly-expects-certain-failure?source=yahoo
http://seekingalpha.com/article/1423691-spyglass-resources-with-a-15-5-yield-the-market-wrongly-expects-certain-failure?source=yahoo
He seems to feel this is a good time to buy in. . .
With the new ticker, there is a blank line for dividend date and information here on Yahoo and other sites - considering their better than 25 cents a year dividend, we are now well above 10%, but Spyglass has no history or track record. I really don't understand the selling recently, but then again, Wall Street hates the unknown.
The slight decrease in sales was likely because of people buying before the price increase - makes sense.
They did just announce a dividend on preferred stock - nothing yet on common shares.
should come out to over 25 cents a year for US holders - not a bad yield for a bit of risk. Should help price over the next few months.
gee - is it against the law to discuss this in the USA?? I understand they can't distribute news items here, but are we free to discuss their news releases?
Above normal volume, and a 4% increase - maybe China is buying more coal?
Thanks - no rush on this for me - a pretty small holding of a few thousand shares. . .I am more interested in the dividend.
I have a temporary number in my Fidelity account, rather than a stock name, but no distribution yet - anyone else in USA get new shares?
I don't quite understand why they can't issue press releases in the US, but likely has something to do with stock listing. At about .26 a year dividend (USA adjusted) the yield today is about 9% - not a bad return on investment.
Sponsored by Spyglass Energy - Purveyor of fine energy since 2013 - considering a lot of my shares were from the spinoff and the rest bought at low low prices (thanks to Nova Bancorp's scare tactics), things couldn't be better - bring on the dividend.
Likely the entry of Verizon into Alaska will muddy the waters - can Alaska really support one more player without one going belly up? Eventually someone will buy the assets of ALSK, or perhaps they will survive in another manner (business systems only?) . . .but it is a risk at this point, so under $2 is likely where they will stay until the picture is clear. Many of us thought Verizon would just make an offer - they could now buy ALSK with pocket change, but guess VZ has other ideas.
I tend to agree here - the uncertainty is keeping the price down - there is still a chance the merger will not go through, but the breakup value of Pace is double current stock price.
CMLP's secondary is great for the company - can get rid of a lot of debt, and have money for expansion - I never mind a short-term hit for long term gain. My Senior Health SNH, does a secondary every few years, and just hit a 5 year high!