mud...I mostly agree with you (but not on selling SFL)...I have been taking some profits on my lower yielding holdings and moving those funds to higher yields...i.e. I have sold all of my LMLP and some of my STAG to purchase other high yield stocks...I plan to sell the rest of my STAG and maybe most of my TWO holdings and move those funds into higher yield holdings that I feel have good value...I am always seeking higher Total Returns...
That said, I signed 'three more contracts' with the White Oak coal company (ARLP) on 09/19/14...they are going to put 'another mine entry way' to the new White Oak coal mine near some of my farms in Hamilton County, Illinois...the White Oak coal mine will go into 'full production' on about 10/01/14...the White Oak coal mine is 1,000 feet deep and employes about 350 people at this time...ARLP profits should continue to shine bright 'in the future' because of a current 'strong increase' in coal production...! ARLP will make a major an
nouncement on or about 10/01/14...! $tagg...!
bob...my opinion is, that NADL is a good stock to have even without the Rosneft deal...the current yield on NADL is now about 13.8%...! $tagg...!
Board members (update)...I had another meeting with the reps. from the White Oak Coal Company (ARLP) on 09/19/14 and I have signed 'three more contracts' with them to mine coal under some of my farms (in Hamilton County, Illinois)...first, they are going to put 'another entry way' to the White Oak Coal mine near my farms; second, they estimate that the royalties will be between $18,000 and $20,000 an acre; third, they mine by the 'long wall method' and they are paying an average of $2,000 an acre for surface damage (because the land will settle); fourth, the new White Oak coal mine is employing 350 people, at this time, and it is 1,000 feet deep; fifth, the White Oak coal mine will go 'into full production' on about 10/01/14...! $tagg...!
Board members...I would post a longer message but I am to busy 'eating crow' today...! MLPL is still hot and SDRL is not...! $tagg...!
sarge...this is so bad, SDRL is crashing and so are corn and soybean prices...this is now 'Bloody Murder October Time Frame' for me...the deer are eating all of my soybeans and the markets are eating a lot of my principal...I going to go buy a fifth of Jim Beam Black to drink before I go broke...! My MLPL is still hot and it is about the only Bright spot...I would quit farming and investing and join the Army but I am to old...! My only choice is to 'man up and keep the faith'...! $tagg...!
sarge...the Pro's have been saying that SDRL (yield now about 13%) will reduce their dividend for 'a long time', some day they may be correct (???)...the fact is, that SDRL has 'really good color' (p/e ratio, ESP and etc.)...that said, I added more PSEC (yield almost 13%) today for portfolio balance and some higher yields...! $tagg...!
gambler...MLPL is only over priced 'when its holdings' are over priced (oil, natural gas, pipelines and etc.)...the fact is, that because of falling oil prices, a lot of oil companies are now priced about right after taking a beat down....I do agree that SFL is a fine long term holding as it has 'held it own' very good when the shipping markets were in tough shape...! $tagg...!
Board members...in Total Returns MLPL is up 41% YTD, is up 54% in one year, is up 107% in two years, 192% in three years and is up 318% in five years...MLPL is a 'short and long term' winner...MLPL (yield about 7.7%) is my leading portfolio gainer followed by SFL and NYMT...MLPL is a doubled leverage (2X) ETN basket of MLP's with no K-1 to mess with...! MLPL has been a 'sweetheart for profit' and I am well pleased with it...! $tagg...!
Board members...MLPL (yield about 7.7% and is a doubled leverage, 2X, basket of MLP's with no K-1 to mess with) is my leading holding in Total Returns; SFL is second and NYMT is in third place...in Total Returns MLPL is up 41% YTD, 54% in one year, 107% in two years, 192% in three years and 318% over five years...! MLPL has been (and still is) a very strong 'short and long term' winner...! $tagg...!
sarge...very fine article (good for all of us)...my opinion is, that JF has a long history of 'pulling rabbits out of the investment hat' and that has been good for the shareholders...more, JF companies are usually a good bet because he makes his profit as a shareholder and not by milking the company profits for his self...
That said, the Pro's have a long history of reading the future of SDRL all wrong, in the past, and I don't see that changing much...I also don't see SDRL reducing the yield just because a lower share price has pushed it upward...
The share price of SDRL tends to reflect the global demand for oil, but the global demand for oil can change very fast (we have seen it happen may times in the past)...! $tagg...!
huff...these are strange times...i.e. AWLCF (yield about 24%) is up over 14% in the last two days...I bought more on the share price pull-back but I did not expect a bounce like this...! $tagg...!
mark...I got lucky and made some good buys right before the markets did a snap-back...I am now back into WMC and I added more AWLCF (AWLCF turned hot right after I bought more)...I gave my high yield holdings a nice push, but my principal was taking a beat down...! Today is a good day and I am still keeping the faith...! $tagg...!
another correction...I sold 'all of my LMLP' and none of my MLPL as MLPL is now my leading portfolio gainer (I keep getting my M's and L's mixed up)...fact is, I got very lucky as AWLCF jumped over a dollar a share (about 7%) after I added more and WMC also made a decent jump after I made a purchase (about 2.4%)...! $tagg...!
sarge...I have made a nice profit on STAG (and I still have some) and I was losing my butt on LMLP (I did get some nice dividends, but not enough)...I am afraid of GLNG, it has a good forward outlook but 'very weak color' (it has a p/e of almost 90)...
We will probably see 'more pain' in the markets before November and we will see some decent market snap-backs like today...we may not see a steady market up-tick until around or after Xmas...! There are a lot of stocks on sale, the problem is finding the available funds to buy them, lol...! $tagg...!
Board members... SFL has been doing fine, but MLPL is now my leading portfolio gainer and it is still on the fast track....today, I started doing some tune ups on some of my holdings; I sold some of my STAG and all of my LMLP holdings and bought WMC (yield about 19.5%) and I added more AWLCF (yield about 25%)...I am trading some of my lower yielding stocks for some that have higher yields and are on sale...! $tagg...!
Board members...I sold 'some' of my STAG (yield about 5.5%) and all of my MLPL (yield maybe 12%, ???) and then I bought WMC (yield about 19.5%) and more AWLCF (yield maybe 25%)...when I can get almost twice the yield and probably some stronger capital gains, it looked like a good move to me...
I cannot push up the share price of my holdings, but I can increase the yields on my portfolios 'by moving some funds around' to different stocks...! We are getting a bit of a market snap-back today but I am sure there will be more pain before we see the markets settle down in November...! $tagg...!
gambler...the pain is pretty bad at this time, however, I did expect it after Labor Day, there will be some market snap-backs but I think it will be another rough 5 to 6 weeks (until the end of the Bloody October time frame)...in my opinion, several of the high yield payers have sold off 'way to much' and I plan to sell some of my low yield holdings and replace them with several higher yielding stocks...
I will start by selling my LMPL tomorrow and then sell some of my STAG (yield is a low 5.8%) and I may sell some of my TWO (yield about 10%)...'when they level off' I plan to add more SDRL, AWLCF, WMC, MORL and etc.,...I am sure I can 'double some my current yields' on some of these stocks that have sold off way to
I can not push up the price of stocks , but I can 'increase the current yields in my portfolios a lot'...this is a seasonal market sell-off and I will try to take advantage of it...the fact is, nothing has really changed much except a lot of high yield stocks have got a lot cheaper...! I will also reinvest my yields, farm income and etc., because compound returns always win...! $tagg...!
k-bon...tankerat has an interesting message posted on the SDRL message board, the title is, "Sanctions: What Do They Actually Say" ?...! $tagg...!
gambler...while we are taking a hair cut on a lot our holdings today we will probably see an over-all market snap-back next week...however, most of the time it is a rough ride after Labor Day until the beginning of November and then we usually get a decent Santa clause rally near the end of the year...
The main reason that I am not worried 'is because I expected it'...the fact is, that nothing has really changed in the over-all markets except a seasonal sell-off, that is how Bloody October got its name...I will take some profit on some of my lower yield holdings and then go shopping for higher yield value, I will also invest some of this years farm income and keep reinvesting my future yields...! In the long run we will probably profit 'even more' from the current market pull-backs...! $tagg...!
k-bon...NADL is a strong company with good color 'even without' the Rosneft deal and will do a lot better with it...I don't think that NADL is in any trouble if the Rosneft deal falls apart (off shore drillers are following the price of oil down at this time)...! $tagg...!