Putin against Obama is like a sub-teenage boy with morals brought up in a gentle environment going up against a hardened mature KGB killer. The boy may get lucky and win but basically his chances are pretty slim.
I second the previous reply. BWP is mainly a pipeline company, LINE/LNCO a field production company. Apples and oranges. As long as the dividend seems safe, which it does for the foreseeable future, I will ride out the dips and collect my money every month.
That said, BWP's troubles last week are probably the main reason for the recent drop in LINE/LNCO but the effect will only be temporary and the episode will be forgotten in a few months when LINE/LNCO's earnings, DCF, and distributions/dividends are all higher.
If AGNC had 65 cents in taxable income in Q4 (yes) and if things in Q1 are really going better than in Q4 (as management has indicated) then why would AGNC have to cut the dividend again? Your 50 to 55 cent prediction may turn out to be correct but I expect to at least see the last 65 cent dividend be maintained with a small raise not beyond reasonable hope.
Replace convertible debt that is above the conversion price with straight interest debt at a time of low interest rates. Sounds good to me. An eight year bond issue with the interest rate still being negotiated. Assuming that the Micron stock price is going to go up in the next year or two, which most rational posters here presumably do, this is a logical move.
I assume the prices you show are for WTI. It is my understanding (often wrong) that the California production LINE got from the Berry deal sells at Brent prices. A double bonus from Berry, higher percent of production is oil and the price received for that oil is a little higher.
Someone please be kind enough to correct me as I do my own taxes and have not encountered a stock like this before.
Our 2013 "dividends" turn out to be entirely a return of capital. Thus in my tax return for 2013 I will pay no taxes on them. My broker Etrade will, however, reduce my LNCO cost basis by the amount of the return of capital. At some point in the future if I sell my stock for what I paid for it that year I will have a capital gain equal to the cumulative amounts of ROC.
Assuming I hang onto LNCO for over a year, as I expect to, this is to my benefit. I pay my taxes later instead of now. I also pay at the long term capital gain rate instead of the non-qualified dividend rate.
Does I has it right or is I full of u know what?
The railroad involved is the Burlington Northern which has been 100 percent owned by Berkshire Hathaway for a year or two.
When I saw the drop to 40 cents from 50 cents in the regular dividend I figured "not good but not a disaster". Then I saw the 55 cent special dividend and I changed my sentiment to "all is well".
Hopefully a year-end special dividend will be normal for ZAIS in the future.