With LINE/LNCO iam waiting for a Distribution cut before buying but picking up discounted Bonds for income. I think the folks that invested for the Divy income are no longer in the building. A working company when oil recovers will provide a nice Capital Gain to the patient investor. How patient? Perhaps years, perhaps very soon.
Handjobfagmark acts like a bath house sheet-packer. I care less about the Dividend,I want RIG in business when oil recovers and I pocket a humongous Capital gain.
the lead poster has posted the same stuff on different MB for years. I put him on ignore.
Looking at Oil ETF for long term hold. looking at SPDR XLE and Fidelity FENY. FENY has lower costs and trades free for me. They have basically the same holding and i would not have to pick the winner. This would be a basis oil holding but would add individual stock when Divys are cancelled or cut perhaps. Any thoughts or other favorites?
2014 was also my worst year every thanks to big losses in petroleum and BDC did not help. looking for something like breakeven to 2% gain. It could have been worst and 2015 looks worse from a distance. Planning to be come more passive and let Fidelity earn there income elsewhere. I prefer to live a more modest lifestyle and not spend my remaining years hovered over a computer.
Greatbarf, my bet early Jan profit taking and then a steady rise to earnings. This will be the first earnings since the merger and have no idea. With KMP earnings did not matter but think they will with KMI. I will probably sell before New Year and buy back after profit taking.
I dibbeled my dibbies this month and will buy some more probably Monday or Tuesday along wth the Slickone. Also plan small buys in 7-8 other BDC and Oil stocks.
Slick ,PSEC rarely runs up to sell on the day before ExDay . Many trade the stock and sell too early thus killing PPS on the run up.
Waiting around to see if "dis suka gona fly". Plan to collect the Divy and buy again.
Bought SDRL and RIG January 2017 Calls. Limited downside, humongous upside. Now looking for some more Upstream 2017 plays. I think the old 1970 Polyester Double Knit need to get back in fashion , i think it was made from petroleum and my wife said i looked like a Christmas tree with green,red and yellow all clashing :).
MCC has acted a little weird, the divy might be cut. But i have some and will add by next week. This is the time to buy the beaten down and to sell any big winners before Jan profit taking. If it implodes you made a bad decision:)
A knowledgeable associate has traded GLAD for many years and based his Dividend trading system the trading results . In his opinion( which I value) GLAD was a more reliable monthly trader. But that is not to disparage GAIN in any way. I have no plans to trade either, preferring high volume BDC with grater liquidity.
SLB is a excellent oil company but not sure it's for me. The chances of SLB being a two or three bagger seem remote. But put on my watch list .
Jfnh1,I read up on The Baltic Index (BDI) and found it interesting and useful. The BDI is a Leading Economic Indicator for world economic activity which is on the low end at present. I put the Bloomburg version on my favorites list and will use daily. I have traded CPLP and NMM for years without really understanding how they worked. Knowing there PPS increases on the run up to ExDay worked well enough. Thanks for the good information.Phil