sarge...FRO will now only have 3 MR tankers left and that is good because MR tankers are not very profitable and the funds from the sale can be put to work elsewhere...at this time, FRO (yield about 17.6%) seems to be doing a decent bounce back today...! Stagg...!
william...I agree as there is always risk at every level...however, my BDCL and PSEC have performed very well YTD...also, PSEC has only 9 investments in energy in the 125 holdings that they have and BDCL has returned about 55% of the original investment back to the shareholder in the last 3.5 years...! I also find it strange that investors don't talk about the risks in the energy sectors (as there has probably been more money lost in the energy sectors than any other)...! Stagg...!
k-bon...just because a stock increases in value does not mean the company is making money and most energy companies are still losing money or have very weak profits...I have business associates that do contracting for several oil companies and their current business with them at this time 'is zero', as more drilling rigs are going idle all the time...
Most oil companies need over $50 a barrel to start breaking even and even at $60 a barrel some oil companies will not survive...it was easy to make a profit in oil when oil was over $100 a barrel (and that is no longer the case)...! There is a good chance that oil prices will drop back below $40 a barrel again and our stocks may follow (???)...! Stagg...!
Board members...just a few really good messages on this message can 'save or make' us thousands of dollars...that is why it is important to treat everybody with respect and not run anybody off (we could lose a really great tip or information in the future)...! Stagg...!
DH...excellent posted message and the part about company pensions is very true...a lot of company pensions will be a thing of the past (as a lot of companies 'are freezing them' and/or moving them into 401K plans) and a lot of government pensions will follow in the future...! Stagg...!
clrodrick...'it has not been my impression' that the BDC's are linked to junk bonds that are linked to energy...I really wish that you or somebody else 'will expand on this and explain why' you feel that way...! I do agree that there could be a percentage of investments in energy 'among some' BDC's companies, but I don't see it as a main driver in their investments...! Stagg...!
william...BDCL (yield about 19.2%) is up 8.5% YTD in Total Returns and PSEC (yield about 12.7%) is up15.7% YTD in Total Returns (the problem is that some investors 'never hold a stock long enough' to calculate the Total Returns)...TPVG, TICC and FSC have not really performed very well YTD and I don't feel that that is the general rule...! However, lets not sell any of the BDC's short because they will all probably shine brighter when the Fed. rates interest rates in the future...! Stagg...!
Board members...the Markets and Commodities are following the price of oil up and down...if anybody is interested, I have ran some YTD data on some Commodities...percentage wise, the markets would have done even a lot better if the data was ran from the end of January, instead of the beginning of the year...
FUELS...Crude Oil is up 32%, Ethanol is up 18%, natural gas is up 9% and Unleaded gas is up 23%...
METALS...Gold is up 20%, Silver is up 25%, Platinum is up 11% and Copper is down-4%...
AGRICULTURE...Cattle are down -9%, Lumber is up 18%, Wheat is up 5%, Corn is up 18% and Soybeans are up 35%...
My opinion is, that all of the markets will continue to follow Oil prices up and down and I also feel that most of the energy sector is a poor place to invest until Oil hits over $60.00 a barrel...! Good luck to all...! Stagg...!
bob...we have a mostly real investors on this AMNB message board and 'less trouble makers' and 'it takes some pressure off' of the SFL message board because the SFL message board has become so popular...! Glad you came for a visit, please return often, as your information is wonderful (sorry bob, but I had to say that, because it is true, lol)...! Stagg...!
sarge...NRZ is one of my core holdings and I am well pleased with it...the main reason that I am holding NRZ is for 'some protection again future interest increases' that we know are coming (eventually) because of their MSR's...More (now the longer story): NRZ did a flash crash and I was going to sell all of it out, and then I read a message on the SFL board from bob...after I read the message about NRZ I loaded up the boat with more NRZ shares (and then NRZ did a wonderful dead cat bounce)...I then took profit on NRZ twice (but it is still a core holding) and bought more FRO, CEFL and NYMT shares withe profit from those funds and then they went into a rally mood and I made even more capital gains...! End of story and I really like my NRZ, lol...! Stagg...!
DH...this market has been on a very strong roll for 'over four months' and I don't think it is over yet...the markets cannot go up that much without some profit taking...I said, a couple of months back that it was a stock pickers paradise (and I was right)...the markets are always looking for reasons to go up or down and it is now chasing the current direction of oil prices...
I still think we will see a Mid-Summer Rally and and then a strong sell-off in the early fall (about September, after Labor Day)...I also feel that a lot of the BDC's will shine bright in the future when the Fed. increases interest rates again (and it will happen eventually)...! Everything else in my Crystal Ball is still a bit cloudy, lol...! Stagg...!
sarge...some say that I brag to much...the fact is, that this is a terrible day in the neighborhood for me (no bragging rights today)...what is even more weird is that my holding with the worst color 'is doing the best' today (PSEC)...and even NYMT is hanging in there pretty good...! I guess that the markets may follow the price of oil back down again ( ???)...! Stagg...!
bob...I also added more shares of NYMT (yield now about 15%) yesterday and mainly because it keeps going up in share price...I wonder where Donlon get all the money to keep buying shares (I hope he is not stealing it from the company)...! Stagg...!
willaim...I feel that there is a 'strong chance' of a decent Mid-Summer Rally and then a sell off going into the Bloody October time frame, in the early fall...I just added more NYMT (yield about 15.4%) today because it has a lot of on-going updraft and heavy insider buying...! My holdings are still doing fine and I have a lot more revenue stream coming this month...! Stagg...!
sarge... I just 'added more' NYMT (yield about 15.4%) because it has a lot of on-going updraft (plus, very heavy insider buying)...my current NYMT holdings are a not a core holding, but it is doing wonderful in capital gains (capital gains and high yields are really great)...! Keep the faith and keep investing, because the best is yet to come (we may see a strong mid-summer rally, ???)...! Stagg...!
icon...you are correct about PSEC, as it keeps going up...also, NYMT keeps going up (a lot)...I have a long watch list and it is 'easy to see' which stocks have something driving the share prices upward...again, I don't know what is driving NYMT up in share price, but it still has a lot of on-going updraft...! Stagg...!
DH...I have the right yield on PSEC, you have read the message wrong, the PSEC share price is up '14% YTD in Total Returns'...Total Returns is always the share price + the yield...! Please, read the message again (slowly)...! Stagg...!
bayman...I love my NYMT for high yields and capital gains (NYMT is now up 22% YTD in Total Returns)...that said, corn and soybean prices are also soaring...GRU, DBA, CORN and SOYB may be the daisies in the future (but no yield at all, only good for trading)...! Stagg...!
icon..thanks for the information...that said, NYMT (yield about 15.5%) is still doing wonderful and is now up 20.6% YTD in Total Returns...NYMT is not one of my core holdings (but I wish it was)...! Stagg...!