It appears as long as the stock trades below NAV 'they' will use the excess capital to continue the stock buyback. Once the stock gets above NAV then 'they' will likely pay a cash dividend. 'They' say a majority of shareholders prefer the capital appreciation over a cash dividend.
Thank you for your analysis. Yes, it is nice to remember 'total return' is the deal.
Charts of ETY vrs SP500 don't really show total return, so it isn't easy to compare.
Does this closed end fund advertise by paying shills to post a bunch of promo stuff? Many subject lines are obviously fake accolades, even the poster's id's are computer generated gibberish. Yeah, I have a position in GGN and I like the tax treatment of the distribution, but the total return compared to many other index funds is sub-par. So where are the real investor/posters?
LNREF now just .552 per share, and yes they actually are earning $
and producing 3,800 BOE daily (I bought more today).
Its an eagle ford play with 36MM BOE in the ground (more to find?)
Side benefit, no Kitty Cat attack because no message board on yahoo!
Meanwhile, PGH made nice 2 day move up. Still my core holding.
Earlier I listed 5 oil stocks with the best [$$/BOE reserves] cost.
I'm glad I started a position on Monday with LNREF.
LNREF +16.6% today. In fact the entire group of 5 was good today:
LEI +2.5% (I don't own it, volume way too thin)
PGH +1.8% (My core holding)
LNREF +16.6% on 5x volume today (maybe catching the Aurora Resources treatment?)
From a long term investor perspective,
I continued my $/BOE in the ground analysis of 42 companies.
Difficult work considering companies reports aren't equally clear,
i.e. 1P, 2P, 3P versus contingent not to mention gassy versus oil.
I tried to stay with 1P, sometimes included 2P.
Here are the oil winners:
LEI @4.55/BOE but no production
AREX @ 9.42/BOE actually pretty good
PGH @$10.64/BOE pays you now
LNREF @ $12.65/BOE is earning
NFX @ $15.43/BOE with great production
after that the data gets mixed with gassy producers 50/50 oil etc.
$14.21/BOE for ERF; $40.94/BOE for PXD with potential down to $3.14/BOE based on contingent (which is what investors must be looking at). An average of $25/BOE in the ground looks about normal for the group. The gassy plays like CHK sell for $11.42/BOE as the "BOE" gets less $$ on the market.
Crunching numbers, taking the stock cap + debt divided by reserves (for a dozen 'competitors') just to see how much I'd be paying for a BOE in the ground. PGH is the best value on my list.
PXD $173.86 (I must be missing some reserves, or something major?)
Long term, how much do YOU want to pay for what's in the ground?
Of course, in some of those investors think there must be a lot more in the ground then reported.
Or my error? Maybe some reserves aren't up to date or maybe just 1P and not 2P ?????????
Still PGH beats them all for value down here. And it is oily, many others are gassy.
Maybe investors think SAGD wells make risky business?
Okay, maybe double the risk, you have to pump the steam, then the oil.
Careful, after selling it might cost you more to get back in. The bouncing ball has a funny way to get wings after the right people finish selling. Down, up, down, up, sell, up, up. Yes, I've seen that happen too often.
I look to 'stockconsultant' (SC) to examine trading percentages and I like AFOP here. SC figured the first short target was 15.90 and here it is. The upside trade quality here is GOOD at 70% while the downside trade quality is POOR at 30%. Of course, the second short target is 15.20 so we'll see. However, starting a long position at 15.95 is a good bet (investment). There are several upside targets above 19.
Only thing I've seen is: [AFOP] announced an invitation for interested parties to participate in the Company's Second Quarter 2014 Earnings Teleconference scheduled for 1:30 p.m. PT, Monday, July 28, 2014. Peter Chang, CEO, will review Second Quarter 2014 results, followed by a question and answer period. The press release announcing Second Quarter 2014 financial results will be released after market close on July 28, 2014.
So how can they discuss the quarter before releasing the financial results? Or does the press release have the dates wrong?
Thank you yahoo. I was wondering if we'd keep the last posts.
This a sign the free standing entity is off and running well.
Nice stock pps move yesterday, headed to 40+
My broker answered my question and said the spin off batch will be posted into the accounts this evening. Not that I'm even thinking of selling. It's just that seeing my account drop by over 100k today by not having the new shares posted was a bit unnerving.