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Linn Energy, LLC (LINE) Message Board

staggman99 285 posts  |  Last Activity: Aug 30, 2014 7:53 AM Member since: Nov 1, 2006
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  • staggman99 by staggman99 Jul 10, 2014 10:21 AM Flag

    Board members...I do not understand why HTGC is issuing bonds that pay 6.25% when current interest rates 'can be had a lot lower'...I also understand that they will run until 2024 (when interest rates could be a lot higher), but it seems they are really getting way ahead of the curve...

    I also feel that such a bond issue will put a drag on current profits, I am not knocking HTGC as I feel it is a good stock to own...I just do not understand why they would do this at this time (when interest rates are a lot lower)...maybe I am over looking the risk factor on different interest rates (???)....! What am I over-looking here...? $tagg...!

  • staggman99 staggman99 Jul 9, 2014 10:53 AM Flag

    guru...I was going to post almost the same thing (and i agree with you completely)...the previous down days in the markets can give us 'a preview' of what holdings will take a beat down if the markets turn south...

    That said, my MLPL (est. yield about 14%) is down over 4% since I bought it (in about one week) and that is why I always dollar cost average into a new holding...my entry price always gives me 'a future number' to work off of (and I still plan to add more in the future)...

    I still feel that most of the BDC's are very oversold and they will shine bright in the future...sometimes, when really good stocks start getting a bit weak (up and down) it can be a sign of a market pull-back coming (???)...! That my story and I am sticking to it, lol...! $tagg...!

  • Board members...SDRL has market cap of 17.6 billion dollars and a enterprise value of 29.8 billion dollars...however, by the end of July SDRL will have 1.5 billion dollars in cash reserves (cash reserves will be 5% of the company's enterprise value)....SDRL has strong color, steady drivers, outstanding management and a great forward outlook....

    All oil and natural gas wells 'have a limited life' and drilling must always continue, regardless of the global prices of the product....SDRL's business will remain very strong...again, what does SDRL and SFL have going on, at this time, that we don't know about yet (???)...! Is there another a dividend increase coming (???)....! Good luck to all...! $tagg...!

  • Reply to

    SDRL is up a whopping $2 bucks pre market

    by madmax19471952 Jul 9, 2014 7:13 AM
    staggman99 staggman99 Jul 9, 2014 9:05 AM Flag

    Board members...I think a lot of investors 'were surprised' to hear that SDRL will have 1.5 billion dollars in cash reserves by the end of July (Tip, SDRL's next earnings should be very strong)...and that should be 'another major share price driver' as we move forward...! $tagg...!

  • staggman99 staggman99 Jul 8, 2014 9:22 PM Flag

    Board members...I guess everybody now knows the latest news on SDRL...SDRL should really rock tomorrow (plus, SDRL has1.5 billion dollars in free cash reserves)...! It pays to keep the faith, lol (that was very fast)....! $tagg...!

  • Reply to

    Finerman on Fast Money

    by bobdbeck Jul 8, 2014 6:23 PM
    staggman99 staggman99 Jul 8, 2014 9:14 PM Flag

    Board members (and bob)...I bet SDRL will really rock tomorrow...a cash balance of 1.5 billion dollars 'is outstanding'...I guess the talk about a future cut in the dividend is now history (maybe an increase in the yield is soon coming, ???)...! Tomorrow should be a happy investment day for SDRL shareholders and even better day for those who bought more shares on the dip...! $tagg...!

  • Reply to

    What is NOT down

    by helmetguru123 Jul 8, 2014 3:27 PM
    staggman99 staggman99 Jul 8, 2014 6:06 PM Flag

    Board members...we had a bad storm in southern Illinois last night and 'my corn is still up' (its not down yet) but the storm did hit my SDRL today...! I think my ex-wife had something to do with it (???)...! $tagg...!

  • staggman99 staggman99 Jul 8, 2014 5:55 PM Flag

    sarge...please, read the latest yahoo headlines on "market overreacts" to SDRL....JF would not burn up his major holdings in SDRL...! Trust me on this, I am one of your best friends (I really am)...! Keep the faith and keep your SDRL, the best is yet to come....! $tagg...!

  • Board members...I almost sold my STAG holdings and then it started up again after they struck some new deals on more warehouses...I now have my STAG holding 'on probation' as I am waiting to see where it is headed next...at this time STAG (yield about 5.4% and pays monthly) is up 20.5% YTD in Total Returns...

    That said, I do not understand the crash in SDRL (yield about 10%) stock today, as it looks to me like they have secured (and replaced) a lot more funds 'at about the same cost' (at a lower interest rate)...again, 'debt is the mother's milk of company profits' if a company has a good business model...it always makes sense to borrow more funds to increase profits...! SDRL is causing me some pain today (as are lower corn prices), but I think we will see a market snap-back very soon...! $tagg...!

  • Reply to

    SDRL

    by budfoxtrading Jul 8, 2014 7:46 AM
    staggman99 staggman99 Jul 8, 2014 11:49 AM Flag

    update...'The Street" has a good article on SDRL today and they still rate it 'a buy'...I strongly suggest interested investors take the time to read it on 'Recent News' (about SDRL)...! $tagg...!

  • staggman99 staggman99 Jul 8, 2014 11:36 AM Flag

    guru...I agree with your post...however, 'none of the JF companies' have a history of milking the profits away from the investors (yet)...however, if a company has a good business model, low interest debt is the 'mother's milk' of future growth and profits (low interest rate debt can be an asset, if it produces addition income)...the fact is, it don't look bad to me...! It is also obvious that the main reason most of the JF companies 'pay high yields' is because JF is the major shareholder...! $tagg...!

  • Reply to

    O/T...TZA up nicely...

    by rbgambler99 Jul 7, 2014 4:30 PM
    staggman99 staggman99 Jul 8, 2014 10:30 AM Flag

    bob...I agree with your take on the analysts....myself, I look at debt 'as an asset' if it is income producing (more debt should equal more income, not less)... a lot of people seems to forget that the U.S. has a fractional reserve money system that is build on debt, that is the way the money supply increases...low interest rates and debt 'with a good business model' should increase a company's growth and profits...! Stagg...!

  • Reply to

    SDRL

    by budfoxtrading Jul 8, 2014 7:46 AM
    staggman99 staggman99 Jul 8, 2014 8:18 AM Flag

    bud...the pre-market does not seem to like the effect of the convertible bond offering as relating to share pricing...however, can one billion dollars more in assets be a bad thing if they are income producing (???)...JF is a major shareholder and makes his profit as such (not by milking the company for personal profits)...if the deal was not good 'for long term' shareholders I don't think he would approve it...! You are correct, this is probably a good time to add more shares...! $tagg...!

  • staggman99 staggman99 Jul 8, 2014 8:09 AM Flag

    ed...I made a very strong profit on EVEP, in the past, but I sold it because I thought it was getting 'a bit ahead of its self'...I feel that EVEP is a pretty good company with a lot of outstanding assets, they just got hurt by falling natural gas prices...

    That said, I would now rate EVEP a buy as it seems to be doing a great turn around (EVEP is now up 26.6% YTD in Total Returns)...I would guess EVEP is selling some of their assets for a major profit and the markets are reacting to that, ???...! $tagg...!

  • Reply to

    O/T...TZA up nicely...

    by rbgambler99 Jul 7, 2014 4:30 PM
    staggman99 staggman99 Jul 8, 2014 7:46 AM Flag

    gambler...I like the looks of your portfolio and you also have some nice monthly yield payers...high yield stocks give us a lot of slack to work with and more funds to dollar cost average...I feel that NRZ (yield about 10.8%) is a good hedge again higher interest rates in the future because of their MRS's...

    That said, I may be wrong, but I don't think the street likes the new convertible bond issue that SDRL is having, I need to take a harder look at this and get some opinions from other board members (???)...! mark, bob and other board members what do you guys think about the new bond issue with SDRL (???)...it seems to be pulling the share price 'down a lot' in the pre-market....! $tagg...!

  • Reply to

    Correction?

    by keebon Jul 7, 2014 2:19 PM
    staggman99 staggman99 Jul 7, 2014 4:57 PM Flag

    k-bon...I don't think we will have a correction 'yet', this rally has been running since December of 2013 and it is probably just catching its breath a bit...most earnings are still coming in good and nothing has really changed that would pull the markets a lot lower (like a increase in interest rates)...just my opinion, but if we get a correction it will probably be after Labor day...! Unless there is some major market news, corrections seem to be seasonal...! $tagg...!

  • staggman99 staggman99 Jul 7, 2014 10:18 AM Flag

    sarge and board members...I notice that VLCCF (yield about 5.3%) is up very strong...at this time today VLCCF is up about 2.5%, VLCCF is now up 58.9% YTD in Total Returns (somebody out there really likes VLCCF)....if my holdings keep retreating I hope we get a 'Mid-Summer Snap Back'...! That said, more rain on the way should give my crops (corn and soybeans) an added boost...! $tagg...!

  • staggman99 staggman99 Jul 6, 2014 7:55 PM Flag

    bayman and sarge...we have been in a bull market since December of 2013 and I don't see a strong break in it yet...most companies are reporting stronger earnings and earnings are the drivers of the markets...there will also be some sector rotation, but there always is and that is nothing new...

    I feel very strongly that most of the BDC's are over-sold and will continue their snap-back...I believe that SFL and SDRL will continue upward in long term share price appreciation, because their business 'is still growing and glowing' (and we get paid nice yields to watch it happen)...what does SFL and SDRL have going on that we don't know about yet (???), they are always doing something new...

    There 'will not be a Mid-Summer Rally' because we are still in a rally from December of 2013...I don't see a real Bloody October (yet). just some short term pain...regardless of oil prices, the drillers must keep drilling new wells and off-shore drilling companies will continue to do well (the whole world is using more oil all the time)...people and companies will continue to borrow money for homes, vehicles, company growth and etc., therefore finance will continue strong...

    Agriculture prices will stay about the same or 'maybe weaken some' because of some record crop yields that are on the way (soybean prices will probably remain strong)...I stated previous that corn prices would increase and I have been 'very wrong' about that (corn flakes may get cheaper, lol)...at this time I have the best looking corn crops that I have had in my whole life, even though I had to replant about I/3 of it (cool weather and a lot of rain)...! On investing, I am still making a good profit 'in the middle' and as always, I reserve the right to change my mind, at any time, without prior notice, lol...! $tagg...!

  • Board members...we do not want to carry this discussion over into the new market week....however, medicaid does not go back 'over five years' on a persons assets that were a gift...therefore, a person can give away property and keep 'Life Time Rights'...I have already done a lot of this through an Attorney, it does require a change in ownership on the deed and the deed must state the previous owner has Life Time Rights.........

    That said, 'Life Time Rights', can let a person live in a home or keep income from property during their entire life time...that person has the option of living in the home or even renting it out for income even though they
    do not own it anymore...they also have the option of not taking the income from the property or letting somebody else receive the income from it (they have that right)...some state laws may vary as I have done this in the state of Illinois through an Attorney in Carmi, Illinois...! Life Time Rights is a good way to give property away and to 'keep all control of it' at the same time (even the income), we must also remember that the current laws may change in the future...! $tagg...!

  • Reply to

    Seadrill Supurakencana PLSV Deal

    by budfoxtrading Jul 3, 2014 9:47 AM
    staggman99 staggman99 Jul 5, 2014 6:46 PM Flag

    bob...I spent a few hours this morning reading up on ROTH's and on the IRS site and some legal sites and I came up with some weird stuff...i.e. I also had a father and mother in a nursing home 'on State Aid' (father was in Indiana and my mother was in Illinois)...

    First, it said that 'bob is smart' and I am stupid (joke, but still very true)...a) the RMD on an IRA cannot be rolled over into a ROTH...however, a person under 70.5 years old does not have a RMD (yet) and can still transfer funds (IRA, 401-K, cash and etc.) into a ROTH ($5,000.00 and $6,000.00 a year if over 50 years of age, there are also restriction based on income)...

    b) I cannot put my RMD amount into a ROTH...however, it is stupid of me to put the 'excess RMD funds' (the amount over the RMD requirement) into a regular account when I can put them into a ROTH and the future capital gains will be tax free on the excess RMD amounts that I placed there...

    c) because I make over $105,000.00 year (single) I also hit the 'phase out' and this whole thing starts getting very hairy, lol...if I could get my income under $105,000 a year I can put $6,000.00 a year in a ROTH ($5,000.00 plus $1,000.00 catchup because I am over 50 years old)...

    That said, I do not have a ROTH and may have made a mistake by putting excess RDM amounts in a regular brokerage account...! Bob, I am not sure of anything as I have a long his-
    tory of being bullheaded and making mistakes (but I think this is all correct)...! $tagg...!

LINE
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