Sign In
Register
Help
People have been talking about natural gas on a few threads, so I thought I would start this one with the hopes of covering the issues, producers, etc.
Coin Guy recently posted a list of companies in IDS:
Dividend - gtm nrgy arlp hpg sxl apu
Growth- oxy upl wgr apc nfx cog nxy wrc tlm
Royalty- erf
Large- dvn cop dyn eca epd
Watch list- bhp xec br dnr chk
Asia/China- ceo shi ptr snp
others have mentioned NCN
Take it away, stoolies!
Stool's Gas
a Natural aroma
Rate Topic:
MultiQuote
#8
DryDocker 
- Stock Proctology Intern
-
- Group: Members
- Posts: 104
- Joined: 28-May 03
Posted 11 June 2003 - 09:15 PM
lucy, on Jun 11 2003, 04:48 PM, said:
Tankers--check out NAT, very high diviedend!! Only problem is that whenever there is a spill or fire or something, they slam them. But that would be a good time to grab one.
I've only done a tiny bit of dd so far, but one issue with NAT is their contract with BP is renewable every year. And, don't be fooled by the recent q1 divi of $1.27. 2002 qtr divis were .36, .34, .33 and .32 respectively.
Nordic American Tanker web-site...
Quote
The charter party with BP is valid until September 2004 with a further seven
one-year options in BP's favour. The contract ensures that the ships receive
a minimum rate of USD 22,000 per day per ship on a time charter basis, but
in periods when the tanker market is stronger the company will receive the
market rate. The market rate is calculated quarterly in arrears on the basis of
a formula set out in the contract. If the market is below USD 22,000 per day,
NAT will still receive the minimum rate of USD 22,000.
Based on this rate structure, NAT is paying dividend to its shareholders every
quarter. The base hire (USD 22,000/day) is being paid in advance and any
additional hire is being paid in arrears. The minimum annual dividend based on
the minimum rate is USD 1.35 per share. If there are payments of additional
hire in excess of the timecharter equivalent of USD 22,000 per day, the
shareholders will receive additional dividend.
one-year options in BP's favour. The contract ensures that the ships receive
a minimum rate of USD 22,000 per day per ship on a time charter basis, but
in periods when the tanker market is stronger the company will receive the
market rate. The market rate is calculated quarterly in arrears on the basis of
a formula set out in the contract. If the market is below USD 22,000 per day,
NAT will still receive the minimum rate of USD 22,000.
Based on this rate structure, NAT is paying dividend to its shareholders every
quarter. The base hire (USD 22,000/day) is being paid in advance and any
additional hire is being paid in arrears. The minimum annual dividend based on
the minimum rate is USD 1.35 per share. If there are payments of additional
hire in excess of the timecharter equivalent of USD 22,000 per day, the
shareholders will receive additional dividend.
Am also looking into Knightsbridge (VLCCF) who IIRC, has contract with Shell.
#9 Guest_The CoinGuy_*
Posted 11 June 2003 - 10:31 PM
Hello Stoolizens:
Hmm, hope my position's don't come back to haunt me(smile), when I did the research, these are the companies I came up with. Although, like my original post stated, I bought in awhile back with better pricing. Looking at the charts, quite a few of these issues are overpriced. The problem is, what is overpriced in this sector? Noone knows at this point. I think the Natural Gas sector is hugely bullish going forward, with the usual selloffs that accompany a bull in progress.
Couple of comments:
I've seen TRU(Royalty Co.) mentioned on this thread, read this article and keep this(pay close attention to the Trustee's duties, I am a Trustee myself) in mind when pouring money in:
Torch Energy Royalty Trust Declares Second Quarter 2003 Distribution
Do I believe Decembers NatGas price will be above 2.88 MMBU? Yes, of course, then the ? arises, depleting inventories? How long is the life of this Trust going to run? Meaning what do they have in the ground.
I invest in very few Royalty companies because of this factor, hard to tell when were reaching a depletion of Reserve, and last man out is not a game I want to play. Companies I look for, I want to be comfortable with owning for some time. Although look at the REITS, these could be a liquid gold mine...who knows, not me.
NAT and VLCCF I have been in/out many a time, and one has to be careful with lease rates here. Tankers are a volatile bunch. When I was in NAT the DIV was more volatile than the price.
A couple of names I've added: MARPS, DOM, NBP
Couple of website's worth noting on Natural Gas:
Weekly Natural Gas Storage Reports
and this link I HIGHLY recommend, Black Blade(Jon Warner) knows his stuff:
Petroleum Markets
DOCSTAR, Much ass Grassy ass!!
Will add more later,
The CoinGuy
Hmm, hope my position's don't come back to haunt me(smile), when I did the research, these are the companies I came up with. Although, like my original post stated, I bought in awhile back with better pricing. Looking at the charts, quite a few of these issues are overpriced. The problem is, what is overpriced in this sector? Noone knows at this point. I think the Natural Gas sector is hugely bullish going forward, with the usual selloffs that accompany a bull in progress.
Couple of comments:
I've seen TRU(Royalty Co.) mentioned on this thread, read this article and keep this(pay close attention to the Trustee's duties, I am a Trustee myself) in mind when pouring money in:
Torch Energy Royalty Trust Declares Second Quarter 2003 Distribution
Do I believe Decembers NatGas price will be above 2.88 MMBU? Yes, of course, then the ? arises, depleting inventories? How long is the life of this Trust going to run? Meaning what do they have in the ground.
I invest in very few Royalty companies because of this factor, hard to tell when were reaching a depletion of Reserve, and last man out is not a game I want to play. Companies I look for, I want to be comfortable with owning for some time. Although look at the REITS, these could be a liquid gold mine...who knows, not me.
NAT and VLCCF I have been in/out many a time, and one has to be careful with lease rates here. Tankers are a volatile bunch. When I was in NAT the DIV was more volatile than the price.
A couple of names I've added: MARPS, DOM, NBP
Couple of website's worth noting on Natural Gas:
Weekly Natural Gas Storage Reports
and this link I HIGHLY recommend, Black Blade(Jon Warner) knows his stuff:
Petroleum Markets
DOCSTAR, Much ass Grassy ass!!
Will add more later,
The CoinGuy
#11 Guest_The CoinGuy_*
Posted 12 June 2003 - 12:47 AM
Hi Tak,
Understood Prudhoe to be an Oil Royalty Trust so I didn't mention them...Although I'm interested in looking at any Oil or Natural Gas stocks, Royalties, or what have you. If you guys know of a good one out there...lemme take a look. If you combone all of the fields of Utes, drillers, Gas & Oil, tankers etc...there is a lot of stocks out there, hard for one man, who has NO extra time on his hands to check them all out.
Thanks,
TCG
EDIT: Added TCLP to my watch list
Understood Prudhoe to be an Oil Royalty Trust so I didn't mention them...Although I'm interested in looking at any Oil or Natural Gas stocks, Royalties, or what have you. If you guys know of a good one out there...lemme take a look. If you combone all of the fields of Utes, drillers, Gas & Oil, tankers etc...there is a lot of stocks out there, hard for one man, who has NO extra time on his hands to check them all out.
Thanks,
TCG
EDIT: Added TCLP to my watch list
#12
Tig 'Ol Bitties
- Bachelor of Stock Proctology
-
- Group: Members
- Posts: 868
- Joined: 19-December 02
Posted 15 June 2003 - 01:25 PM
Here is what I have for the good stoolizens out there.
CanRoys are my favorites, as they represent both a commodity play (oil & nat gas) and a currency play as all monthly dividends are payable in canadian dollars. These are more worthwhile in a taxable account as the dividend for all of them is a partial return of capital (lowering your cost basis) and income distributed. The American traded names are (in order of size and importance) ~ ERF, PGH, PWI, PVX, and NCN.
CanRoys
There are also American Royalty Trusts, though similar lack the currency play that I have based as a major importance to my investing. There are plenty of them out there, so I have listed only the ones that I follow ~ TRU, PBT, SJT, SBR, BPT, LRT, and HGT in no particular order.
American Royalty Trusts
The other area of significance for myself and my clients has been the various pipeline and producing partnerships that are designed as LLPs and pay dividends that represent income and a return of capital. There are plenty, but these are the names I follow: KMP, EEP, VLI, KPP, SXL, USU, TPP, BPL, EPD, NBP, TCLP and APL.
Pipeliner LLPs
There are also some others out there, such as coal trust WTU and European Royalty Trust NRT, that are worthy of a look.
None of this is to be construed as investment advice and everyone who reads is responsible for his or her own investment choices.
CanRoys are my favorites, as they represent both a commodity play (oil & nat gas) and a currency play as all monthly dividends are payable in canadian dollars. These are more worthwhile in a taxable account as the dividend for all of them is a partial return of capital (lowering your cost basis) and income distributed. The American traded names are (in order of size and importance) ~ ERF, PGH, PWI, PVX, and NCN.
CanRoys
There are also American Royalty Trusts, though similar lack the currency play that I have based as a major importance to my investing. There are plenty of them out there, so I have listed only the ones that I follow ~ TRU, PBT, SJT, SBR, BPT, LRT, and HGT in no particular order.
American Royalty Trusts
The other area of significance for myself and my clients has been the various pipeline and producing partnerships that are designed as LLPs and pay dividends that represent income and a return of capital. There are plenty, but these are the names I follow: KMP, EEP, VLI, KPP, SXL, USU, TPP, BPL, EPD, NBP, TCLP and APL.
Pipeliner LLPs
There are also some others out there, such as coal trust WTU and European Royalty Trust NRT, that are worthy of a look.
None of this is to be construed as investment advice and everyone who reads is responsible for his or her own investment choices.
#13
Tig 'Ol Bitties
- Bachelor of Stock Proctology
-
- Group: Members
- Posts: 868
- Joined: 19-December 02
Posted 15 June 2003 - 01:31 PM
TCG raises a very important point with regard to the producing royalty trusts, the life expectancy of each. This is usually detailed in the quarterly filings, but may only be reveaved in the annuals. Each trust has a finite life (with the exception of some of the CanRoys which are designed to acquire additional properties to extend their lives). Make sure you read the filings to determine your comfort level holding a stock who's value will at some time in the future be completely depleted.
#14
depends
- Doctor of Stock Proctology
-
- Group: Members
- Posts: 2,198
- Joined: 25-March 02
Posted 15 June 2003 - 09:22 PM
Tig, Thanks. I have been trading some of these for years now. Currently
in ERF, NCN, and HGT. Friday I added more HGT - it dropped after the xdate -
I usually try to sell just before the xdate and buy the dip after as the drop is
greater than the dividend. Am waiting for BPT to drop before reentering as I got out
too early on that one. Missed TRU as it threw a buy signal at 5.80. timing is important on these as they often drop after the dividend date.
SPL, SXL snd NRT look like good buys here. I think TRU is going to depete soon, and assets will be sold and distributed to sharehoders.
in ERF, NCN, and HGT. Friday I added more HGT - it dropped after the xdate -
I usually try to sell just before the xdate and buy the dip after as the drop is
greater than the dividend. Am waiting for BPT to drop before reentering as I got out
too early on that one. Missed TRU as it threw a buy signal at 5.80. timing is important on these as they often drop after the dividend date.
SPL, SXL snd NRT look like good buys here. I think TRU is going to depete soon, and assets will be sold and distributed to sharehoders.
#15
PileDriver
- Professor of Stock Proctology
-
- Group: Banned
- Posts: 6,448
- Joined: 25-August 02
Posted 15 June 2003 - 09:35 PM
rock solid value and performers
SGY
SKE
UPL
CRK
DVN
EVG
DNR
POG
Vector showing a steadily rising high value on these.
Hold a portfolio of these and you will be a very happy camper one year from now.
SGY
SKE
UPL
CRK
DVN
EVG
DNR
POG
Vector showing a steadily rising high value on these.
Hold a portfolio of these and you will be a very happy camper one year from now.
