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American Capital Agency Corp. Message Board

rosilvernail 5 posts  |  Last Activity: Aug 28, 2015 10:28 AM Member since: Mar 28, 2002
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  • Reply to

    .11 cent dividend for a $4.00 sock

    by carmenfred2003 Aug 28, 2015 9:10 AM
    rosilvernail rosilvernail Aug 28, 2015 10:28 AM Flag

    I am definitely a "hair on fire" investor with my trading account - money I can live without (don't want to but could :) and right now the oil/gas/drillers are the wild west. I own Miller preferreds - which right before they suspended the divi the president said were his main focus on paying, GRH preferreds which were suspended without comment 2 months ago as well as ARP, BBEP, and PGN. PGN is the strange one as they did away with divi a long time ago to conserve money, have had a huge 1st and 2nd quarter cash flow and profit-wise and trade for .70. BBEP cut twice. Really not sure the reasoning behind keeping the payout where it is for ARP (over 50%) at one time. I would be quite happy with 5 cents a month if it pushed our debt problems another 18 months.

  • rosilvernail rosilvernail Aug 12, 2015 3:53 PM Flag

    Just peaked again at 4.35

  • Reply to

    $6.54, 52 weeks lowest!

    by kinnairdjay Jun 29, 2015 10:06 AM
    rosilvernail rosilvernail Jun 29, 2015 12:22 PM Flag

    Wish that were it but BBEP (what has been blasted both price-wise and strategy-wise) is up 1.5% today.

  • Reply to

    Explanation of deal this morning?

    by greedorfear Jun 4, 2015 10:05 AM
    rosilvernail rosilvernail Jun 4, 2015 12:39 PM Flag

    cben,
    Thank you very much for the quick and thorough answer - yes, was confused on the type of Prospector rig. Figured they had to keep the existing fees for the contracts and hopefully in the next year+ can add time to them.

  • Reply to

    Explanation of deal this morning?

    by greedorfear Jun 4, 2015 10:05 AM
    rosilvernail rosilvernail Jun 4, 2015 10:46 AM Flag

    Slow goer here - so PGN (Prospector sub) sells 2 deep water rigs for 292 million net. They then pay SinoEnergy $71,000 a day til next Nov (~$34 million) and $42,000 a day for the 43 months after that (~$50 million) for a barebones charter (no crew). Won't go into the math for the other rig ( which will be more expensive). Is that correct? Does PGN keep the money from the contracts the rigs are already under? What if the rigs go under a new contract? I would think they would have to the current fees to be economically feasible. Who is picking up the tab for the crew?

AGNC
19.13-0.23(-1.19%)4:00 PMEDT