Vanguard Natural Resources, LLC Message Board
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What do you think of WY?
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I thought you sold all your ARR?
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The day isn't over yet.
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I wanted to keep an interest in the timberlands so I bought some WY.
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Somewhat off topic, but various REITs and BDCs are yielding 10+%. And, remember that one reason many people buy MLPs is for the tax advantages -- the tax-deferred distribution and the ability to offset taxable income passed through from the MLP with depreciation and other deductions. In a retirement account, however, the income is already tax-deferred, so the tax benefits of an MLP are, in a sense, "wasted."
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President Obama is preparing a major policy push on climate change, including, for the first time, limits on greenhouse gas emissions from new and existing power plants, as well as expanded renewable energy development on public lands and an accelerated effort on energy efficiency in buildings and equipment, senior officials said Wednesday.
Heather Zichal, the White House coordinator for energy and climate change, said the president would announce the new policy initiatives in the coming weeks. Another official said a presidential address outlining the new policy could come as early as next week.
“He is serious about making it a second-term priority,” Ms. Zichal said at a forum in Washington sponsored by the magazine The New Republic. “He knows this is a legacy issue.”
In a speech in Berlin on Wednesday, Mr. Obama said that the United States and the world had a moral imperative to take “bold action” to slow the warming of the planet.
“The grim alternative affects all nations — more severe storms, more famine and floods, new waves of refugees, coastlines that vanish, oceans that rise,” Mr. Obama said. “This is the future we must avert. This is the global threat of our time. And for the sake of future generations, our generation must move toward a global compact to confront a changing climate before it is too late. That is our job. That is our task. We have to get to work.”
Ms. Zichal suggested in her remarks that a central part of the administration’s approach to dealing with climate change would be to use the authority given to the Environmental Protection Agency to address climate-altering pollutants from power plants under the Clean Air Act. She said none of the initiatives being considered by the administration required legislative action or new financing from Congress.
I wonder how much of the new "initiatives" will include using more NG (and speeding up export licenses?) -
Did you read the articles on Seeking Alpha?
Other than what I have already posted I have nothing to add; other than putting all your eggs in one basket is very risky but you already know that. -
I didn't know they taught law in grade school.
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I can't find it. Please tell me what it means to you.
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They indicated they are raising the dividend in the third quarter.
"the company intends to increase its quarterly dividend from $0.20 per share to $0.22 per share beginning with the third quarter dividend, payable in September 2013. " -
Yes, just go ahead and confuse everyone by trashing me but not providing your "correct" information.
Rather than just disparaging me, let's hear the expert advice. -
I repeat (something everyone seems to ignore) It's not the UBTI (necessarily - depends on the MLP) while you hold it, IT'S WHEN YOU SELL IT is when the potential problem arises. Topic has been covered here many times but too complicated to go into much detail.
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I'm not interested. I'd rather hear your interpretation.
(ROFLMFAO) -
I didn't read it. Why don't you explain it to us.
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Not avoiding anything. Just saying you go whichever why Norris goes, and wait until he posts something to decide which way that is. Too bad you came down on the wrong side yesterday, now you have to try and backtrack.
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LNCO is the better holding. There may be an issue when you sell LINE in your IRA unless you have been filing annual forms reporting the carryover losses which offset the UBTI. If you go to Seeking Alpha and read Reel Ken's articles on MLPs, you can read about it in great detail.
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Thanks, I see the wind is blowing from the west today. Lot of hot air.
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No, LNCO pays dividends, not distributions and no K-1, therefore no UBTI. It's one of the reasons LNCO was created. You can hold it in a Roth with no problem.
Rusty_Wallace you are correct though. -
Oh dear! What is SOB going to do? He agreed with Liza yesterday and now you're saying she's wrong! Which way will the wind blow today?
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Exactly correct. Timing is everything.