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Linn Energy, LLC (LINE) Message Board

sollid_companiess_only 42 posts  |  Last Activity: 8 hours ago Member since: Aug 24, 2012
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  • Reply to

    ERF Has Done Ok By Me!

    by sollid_companiess_only 14 hours ago
    sollid_companiess_only sollid_companiess_only 8 hours ago Flag

    Hardmetalman, since you are picking one point on a graph for exactly two years ago, let me be more specific. I purchased my initial lot of ERF shares on EXACTLY the following date, 7/18/2012 (From Fidelity IRA). I purchased this lot at EXACTLY $13.24 a share and have had the dividends dripped ever since. The stock even dropped below $12 on a couple of occasions.

    Yes, you are correct when you state that two years ago the pps of ERF was around $19.72. However, the price did fall off dramatically, shortly thereafter, and ERF shares stayed in the range of $13 to $15 a share for a period of about 12 months, from May 2012 to May 2013, the period in which I bought my initial lot. And for a year I dripped while the pps was below $15.

    Actually, that makes my gain of 72% even better as I did it in less than two years, by about two months. But if you want to be a nit-picker and insist the the two year period then I'll grant the correctness of you assumption. I should have been more exact in my initial post.

  • sollid_companiess_only sollid_companiess_only 13 hours ago Flag

    Altria, Reynolds, and Lorillard pay into the program in amounts proportional to their respective market share. As a result of the program, Altria paid $400 million to quota-holders in each of the last three years, amounting to about 10% of free cash flow. Reynolds averaged a little more than $200 million per year, or 15% of free cash flow. Lorillard recorded quota-related charges of $120 million per year, or 11% of free cash flow. After these obligations are fulfilled by the end of this year, each company will experience a substantial increase in annual free cash flow.

    How the companies can put the cash to use
    Dividends are the most obvious use of the extra cash. Tobacco stocks attract a wide following of dividend investors because of their ample free cash flow and willingness to pay out a high percentage of earnings. Altria yields 4.9%, Reynolds yields 4.7%, and Lorillard yields 4.3%. If these companies were to use the extra cash to increase their dividends, the market would likely reward the stocks with higher valuations.

    However, tobacco companies may have other ideas for using the extra cash flow. Now that the bulk of the industry's major legal liabilities are behind it, a new wave of consolidation may emerge.

    Good luck to all you MO's out there!

  • sollid_companiess_only by sollid_companiess_only 13 hours ago Flag

    Altria Group, Reynolds American, and Lorillard are about to have a lot more cash to spend. Some three-quarters of a billion dollars will start flowing to the three largest tobacco companies' bottom lines as federal tobacco quota legislation rolls off. Read on to discover why the windfall exists and what it means for your investments in Altria, Reynolds, and Lorillard.

    Tobacco quota expiration
    The infusion of cash due later this year to Altria, Reynolds, and Lorillard is a result of the expiration of the Tobacco Transition Payment Program, or TTPP. The TTPP was signed into law in 2004 and is set to expire in the second half of 2014.

    The TTPP's origins lay in the Great Depression. In one of his many economic experiments, Henry Wallace created a federal program to limit the quantity of tobacco grown in the U.S. and to moderate a minimum price for the crop. The program was designed to aid struggling farmers during the depression by increasing the value of their crop. Producers were given quotas and could only harvest up to a certain amount of tobacco.

    However, after decades of declining tobacco consumption, many quota-holding farmers were struggling to stay afloat at the turn of the millennium. As a result, tobacco-state politicians passed a 2004 federal bill that established an industry-funded buyout of tobacco quotas. Manufacturers and importers were forced to pay $9.5 billion to quota-holders over 10 years, ending in the third quarter of 2014.

    Continued in a reply to this post

  • sollid_companiess_only by sollid_companiess_only 14 hours ago Flag

    Two years ago, I invested $7k in ERF shares. My holdings are in a self-directed IRA account, thus they don't get hit with the Canadian 15% tax/haircut. I have about 10 dividend paying quality energy stocks in this account. ERF has outperformed them all, yielding a gain of 72% over the last two years.

    Thanks ERF!

  • Reply to

    dividend increase

    by sharkbitemcnasty Apr 15, 2014 4:18 PM
    sollid_companiess_only sollid_companiess_only Apr 16, 2014 3:48 AM Flag

    7% sounds impressive, but it's only a penny a share per quarter. A penny's not too impressive.

  • sollid_companiess_only by sollid_companiess_only Jan 31, 2014 11:39 AM Flag

    I believe that NSC is making great progress in preparation for the completion of the Panama Canal. Does anyone know how CSX is coming along with it's preparations? Here's the latest on NSC's progress:

    NSC Continues Expanding, Opens New Terminal.

    9:00 am Norfolk Southern opens transfer terminal in Chesapeake to serve shippers of dry and liquid bulk commodities (NSC) : Co has opened a new Thoroughbred Bulk Transfer terminal in Chesapeake. Thoroughbred Bulk Transfer terminals are specialized facilities that allow customers to transfer a large array of commodities between rail cars and trucks. TBT terminals are owned by Norfolk Southern and operated by independent contractors that are industry experts in facilitating safe and efficient bulk transfer and distribution. The facilities allow customers without rail sidings to receive the benefits of rail economics and service quality.

    I strongly anticipate that this terminal is a prelude in preparing for a lot of new business when the Panama Canal completes it's expansion in mid-2015. Here's why:

    Less than three miles from downtown Norfolk, Va., with convenient access to Interstates I-264 and I-464 at 1305 Atlantic Blvd., the Chesapeake TBT also enjoys close proximity to rail-serving yards on Norfolk Southern's high-density main line. The Chesapeake TBT is strategically positioned to serve Hampton Roads-served markets as well as markets overseas with its close proximity to nearby container terminals.

  • sollid_companiess_only sollid_companiess_only Jan 31, 2014 10:39 AM Flag

    I strongly anticipate that this terminal is a prelude in preparing for a lot of new business when the Panama Canal completes it's expansion in mid-2015. Here's why:

    Less than three miles from downtown Norfolk, Va., with convenient access to Interstates I-264 and I-464 at 1305 Atlantic Blvd., the Chesapeake TBT also enjoys close proximity to rail-serving yards on Norfolk Southern's high-density main line. The Chesapeake TBT is strategically positioned to serve Hampton Roads-served markets as well as markets overseas with its close proximity to nearby container terminals.

  • sollid_companiess_only by sollid_companiess_only Jan 31, 2014 10:36 AM Flag

    9:00 am Norfolk Southern opens transfer terminal in Chesapeake to serve shippers of dry and liquid bulk commodities (NSC) : Co has opened a new Thoroughbred Bulk Transfer terminal in Chesapeake. Thoroughbred Bulk Transfer terminals are specialized facilities that allow customers to transfer a large array of commodities between rail cars and trucks. TBT terminals are owned by Norfolk Southern and operated by independent contractors that are industry experts in facilitating safe and efficient bulk transfer and distribution. The facilities allow customers without rail sidings to receive the benefits of rail economics and service quality.

  • Reply to

    My Goals for CSX in 2014

    by sollid_companiess_only Jan 14, 2014 10:08 AM
    sollid_companiess_only sollid_companiess_only Jan 14, 2014 10:22 AM Flag

    Wintoat, quit being such a Negative Ned or Nellie. You've been absolutely wrong about your 24/7 negative posts for such a long time, on both the CSX and the BP boards. Wintoat, turn that frown upside down and smile, smile, smile!

  • sollid_companiess_only by sollid_companiess_only Jan 14, 2014 10:08 AM Flag

    My goals for CSX, in 2014, are quite conservative. I'd like to see a gain of $3 a share, to $31.50. That would be a gain of a little more than 10%. I'd also like to see a small raise in the dividend. If I can get both of these, then I'd make about a 13% return on my CSX investment for the year. I'd also like to see continued growth in business and profits for CSX throughout 2014. These goals are certainly objective, reasonable, and achievable without any grandiosity.

    However, in 2015, my goals will be much higher with the completion of the Panama Canal expansion. I view 2015 as the year that CSX shareholders will make out like fat cats.

  • sollid_companiess_only sollid_companiess_only Jan 13, 2014 2:49 PM Flag

    Good fortunes to all CSX long investors!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

  • sollid_companiess_only by sollid_companiess_only Jan 13, 2014 2:47 PM Flag

    CSX Q4 Report Will Signal If It's Still On Fast Track

    By JAMES DETAR, INVESTOR'S BUSINESS DAILY
    Posted 01:47 PM ET

    CSX (CSX) reports fourth-quarter earnings results Wednesday amid booming energy shipments and a gradual economic recovery, the first in a line of railroads scheduled to report over the next couple of weeks.

    Consensus of 25 analysts polled by Thomson Reuters is that CSX's earnings per share, excluding items, will rise about 8% to 43 cents. That would be the strongest growth in nearly two years.

    Revenue is projected to climb 4% to just over $3 billion, matching last quarter's growth.

    Norfolk Southern (NSC) is set to release results Jan. 22. Union Pacific (UNP) is slated to announce earnings Jan. 23.

    CSX, which operates a 21,000-mile rail system in 23 states, said last Friday that it and its customers together developed 121 new or expanded facilities, with a combined $3 billion value, in 2013. That boosted the company's ability to serve customers amid rising demand from industry.

    CSX has recently been growing like a young company as it expands in intermodal transportation, carrying trailers for semi trucks and containers for ships.

    It's also expanded rapidly on rising shipments of crude oil recovered from rich shale fields using hydraulic fracturing technology.

    "Growth in many sectors of the energy and chemicals markets as well as new and updated agricultural facilities generated much of the activity, which represents 151,000 carloads of potential annual business for CSX," the company said in last week's statement.

    CSX may be affected this year by a finding last month from the federal Pipeline and Hazardous Materials Safety Administration, which said Bakken shale crude in North Dakota may be more flammable than oil from other areas.

    It came after a BNSF train derailed in Casselton, N.D., in late December and sparked a fire that forced residents t

  • sollid_companiess_only sollid_companiess_only Dec 18, 2013 8:56 PM Flag

    Furthermore, I don't believe that Eastern port cities and the railroads would be spending billions in preparation for increased shipping traffic without expecting big returns. Just my thoughts.

  • sollid_companiess_only sollid_companiess_only Dec 18, 2013 8:54 PM Flag

    I don't believe that Panama would be spending billions on the canal expansion unless they expected more traffic to move to the East Coast. And this will mean two way traffic for the eastern rr's. They will receive more imports that would have been destined for western ports, which will increase the eastern rr's business. But many forget that it'll be a two way street. After the newer/larger panamax ships have unloaded their goods at the eastern ports, they will want to load up again on exports from the USA before beginning their journey home. The eastern rr's will transport an increased volume of imports inland while also transporting an increased volume of exports back to the ports. GLTA CSX longs.

  • sollid_companiess_only by sollid_companiess_only Dec 13, 2013 6:16 PM Flag

    Cramer said CSX (CSX_) is interesting. "There's re-pricing going on," he said of the railroad. "It's a good buy."

    It's always bad news for a company/stock when Cramer gives them a 'thumbs up'.

  • Reply to

    2013 Q4 Growth

    by retiredcsx Nov 29, 2013 2:59 PM
    sollid_companiess_only sollid_companiess_only Dec 13, 2013 2:11 PM Flag

    On Jan 15th of 2013, eleven months ago, the pps of CSX stood at $20.78. So, if what you predict turns out to be true and the pps of CSX is at $30 on Jan 15th 2014, then CSX will have gained $9.12 in it's value over that period of time. And that's a gain of over 44% in the twelve month period. And that gain doesn't include any dividends that CSX has paid out nor any of the tax advantages that dividends or long term capital investments offer.

    As a CSX long, I hope your prediction turns out to be correct. I hope that on Jan 15th 2014, the pps for CSX is even higher than $30 a share. In any case, CSX has done alright by me. Good luck to all CSX longs.

  • CSX says crude-by-rail business poised for growth

    .

    NEWTON, Massachusetts, Nov 21 (Reuters) - CSX Corp said on Thursday its crude-by-rail business has the capacity togrowth seven-fold over the next couple of years, as U.S.Northeast refiners take up growing supply from North Dakota'sBakken oil reservoir.

    The East Coast-focused rail company, hard hit by a sharpdecline in coal transport, said it currently moves about 70,000barrels of crude oil per day, mostly between the Bakken regionand terminals in New York and Pennsylvania.

    "It makes up a small part of our business, about 1 percent,but we do think there's an opportunity to grow it significantly over the next couple years," Fredrik Eliasson,chief financial officer of the Jacksonville, Florida-basedcompany, told Reuters on the sidelines of a conference outsideof Boston.

    "We probably have room to take up to six or seven trains a day - right now it is about one train a day that we're moving,"he said, adding each train typically carries about 70,000barrels in 100 tankers.

    Shipments of crude on railways have surged over the past two years, as production of light sweet oil from the Bakken surged.With little refining capacity nearby to process the crude and insufficient pipelines to take it to market, oil companies turned to rail to gain quick access to refining hubs on the Gulf Coast as well as the East and West Coasts.

    Eliasson said the company saw little competition from new crude oil pipeline projects, which mostly focus on moving oil torefineries in the Gulf Coast, and said a new effort by TransCanada Corp to move Western Canadian crude oil to Canada's eastern seaboard was also not a threat.

    "Most of the Canadian oil is much heavier. With the exception of one or two refineries in the Northeast, they all take light sweet. So we don't think that will make a big difference for us," he said.

    The American Association of Railroads said more

  • Reply to

    CSX all time new high

    by retiredcsx Nov 18, 2013 9:23 AM
    sollid_companiess_only sollid_companiess_only Nov 18, 2013 3:53 PM Flag

    Retiredcsx, you left out the most important opportunity for growth in 2015, and that's the completion of the expansion of the Panama Canal which is sure to move more cargo in to eastern ports and eastern rr's.
    '

  • Reply to

    CSX all time new high

    by retiredcsx Nov 18, 2013 9:23 AM
    sollid_companiess_only sollid_companiess_only Nov 18, 2013 1:40 PM Flag

    "It's taken a lot of patience. "

    I disagree, it has not taken a lot of patience. The pps has risen 41% in 12 months, what kind of patience is needed for such a rist?

  • Reply to

    Poor Old Wintoat34

    by sollid_companiess_only Nov 18, 2013 11:21 AM
    sollid_companiess_only sollid_companiess_only Nov 18, 2013 1:30 PM Flag

    Wintoat, doesn't it hurt to be wrong all the time, and for so long?

LINE
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