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Prospect Capital Corporation Message Board

powderdayfortad 4 posts  |  Last Activity: Jan 27, 2015 6:11 PM Member since: Nov 4, 2002
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  • Reply to

    Oil Heading Down

    by schieboutz Jan 23, 2015 1:55 PM
    powderdayfortad powderdayfortad Jan 27, 2015 6:11 PM Flag

    Dollar is strong overseas, investors are looking for domestic markets as the $ rises, and domestic exports show falling profit margins. Pure and simple. lnco has wind on their backs with new capital partners that will imo be there to expand during this time of contraction. This is capitalism at it's worst and best. Small players get eaten up by the savvy.

  • Reply to

    Cut the dividend?

    by linda_mod Jan 26, 2015 1:41 PM
    powderdayfortad powderdayfortad Jan 27, 2015 6:03 PM Flag

    linda, cut to a current$1.25 annual or monthly basis of .104 cents a share disbursement for 2015. They reduced the dividend and their Capex and got a new line of credit. I believe the disbursement is relatively safe for 2015. But also know lnco has this budgeted at $60 a barrel for 2015. We are already well under this for January. The board can cut the Divy distribution as they see fit, but they already announced that $1.25 per share for 2015. Maybe someday at these pps levels the distribution may return to over $2.50 a share, making this a speculative long term play many only read about after such lows in pps. If oil cannot maintain close to $60 average for 2015, expect the current Divy to be reduced in 2016, or possibly earlier if oil slides to $35 for the remainder of the year, with bleak outlook for 2016 during that time. imo some people are just crusty!

  • Reply to

    Cut the dividend?

    by linda_mod Jan 26, 2015 1:41 PM
    powderdayfortad powderdayfortad Jan 26, 2015 1:47 PM Flag

    From their website: I am assuming this is monthly...

    Monthly Distribution and Dividend

    LINN declared a monthly cash distribution of $0.1042 per unit, or $1.25 per unit on an annualized basis, for all of its outstanding units. The distribution will be payable January 15, 2015, to unitholders of record as of the close of business on January 12, 2015.

    LinnCo declared a monthly cash dividend of $0.1042 per common share, or $1.25 per share on an annualized basis, for all of its outstanding common shares. The dividend will be payable January 16, 2015, to shareholders of record as of the close of business on January 12, 2015.

  • powderdayfortad powderdayfortad Jan 26, 2015 1:12 PM Flag

    wow, in for 3k shares @10.09

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