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    • Tue Jun 24th 13:49 PM
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      Commented on:
      More on Technical Analysis
      One of my life's observations: people get angry when their most irrational beliefs are challenged. The more irrational the belief, the angrier they get.

      The response to your articles is proof. Be glad that these people don't follow the example of their medeival predecessors, the alchemists, and try to burn you at the stake. ;-)
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    • Sun Jun 15th 13:11 PM
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      Commented on:
      The Great Oil Deception: Part Two
      Get an editor!

      This is one of the most incoherent, rambling articles I've read on SA. I think I agree with this guy. But what abominable writing.
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    • Fri May 9th 17:03 PM
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      Commented on:
      TEPPCO Partners: A Pipeline For Profits?
      Teppco had the unfortunate problem that the partnership technically terminated momentarily in '07 due to ownership changes. That meant that a lot of unitholders (like me) got saddled with fully taxable regular income (not even qualified dividend income!) that actually exceeded the amount of the distributions paid out. A very nasty surprise.

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    • Fri Apr 11th 13:20 PM
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      Commented on:
      Outrageous Opportunities in Upstream MLPs
      jjason,

      I suggest you read the 10Ks of your Canroy stocks very carefully. You will find that many of these companies are taking on debt to finance their distributions. Not a good thing!

      Also check out Morningstar's detailed reports on these stocks.
      View article »
    • Fri Apr 11th 11:47 AM
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      Commented on:
      Outrageous Opportunities in Upstream MLPs
      Energy:
      If you look at the prices used for the PV-10 calculations of most of these companies, you'll find that they are significantly below the hedge prices. So, if anything, they underestimate the value. Not to mention that 10 is pretty generous discount rate, even in today's environment.

      While equity financing is clearly closed to these companies for now, debt is still available, as evidenced by debt-financed acquisitions by CEP and LINE made this year.
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    • Tue Apr 1st 00:53 AM
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      Commented on:
      ProShares Ultra and UltraShort Sector ETFs: Does 2 = 2?
      Bingo Ben! People get confused and think these funds will attempt to track 2X (or -2X) over the course of a year. In fact, their goal is to do it _every day_.

      Whether you realize it or not, a 2X fund is an implicit momentum play, since it reloads every day. It will always force you to buy a little more at higher prices and a little less at lower prices. If the market goes up and down a lot over a year and then ends the year unchanged, you will lose a lot of money!

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    • Mon Mar 3rd 12:20 PM
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      Commented on:
      Ten High Dividend Securities To Watch
      Taxation depends on the particular MLP. It tends to vary between 60% and 100% deferred taxation (via reduction in cost basis). Some MLPs who are in heavy investment phases (e.g. LINE) will have 100% deferral. Others, like TPP, are closer to 70%.

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    • Mon Mar 3rd 09:06 AM
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      Ten High Dividend Securities To Watch
      Those are some excellent suggestions. Pipeline MLPs, such as EEP and TPP, tend to have very stable income with revenue guaranteed many years out. Some other to consider are OKS and EPD. Upstream (E&p) MLPs are slightly riskier, but offer excellent yields: LINE, CEP.
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