OK.! I'm SICK of the gloom and doom

[Peter3_1]

UPDATE:

etp $33.86 cost now $41.90 down some, gas proces off return still super
 
edp $17.741     now     27.24

ngt  $25.20       now     $24.20

epb   $15.225   now     $19.14

fgp   $16.19      now   $ 19.55

atn   $ 17.714     now $26.05

dpm  $9.797      now  $22.07



Still ok, but this weeks slump pushed back on me, but things still look good, interest is very good too,

[Peter3_1]

This :http://www.oilshalegas.com/haynesvilleshale.html  is going to be interesting. LOOKS LIKE this will be a growth thing, not an income thing. I'm going to have to think about this some more.

I like this company, but at a little less.....
http://www.google.com/finance?q=NYSE%3AAPC

we'll see...

[Peter3_1]

Wife hated Anadarko but liked American oil and gas. So, I bought it at $1.34, now $1.3 :tongue:6!!!!, put in a sell order when I bought it to sell half when it reaches $2.50 and it is expected to excee $2.60 this year. We'll see. A growth stock only. Broke my own rule, 

[Peter3_1]

added Provident Energy Trust.

$5.09 earns 12.9 int.

so,

PVX  $5.09 BOUGHT  now  $5.29
AEZ  $1.34  bought   now  $1.70
edp   $20.77 bought  now  $27.22
etp   $33.86 bought   now  $41.75
ngt   $17.741 bt        now  $23.50
epb   $15.225 bt       now  $19.67
fgp   $16.19    bt      now   $19.99
atn    $17.714  bt      now   $25.78
dpm  $9.797   bt      now   $22.46

So they're all up, and only one is a pure growrth play. Williston Basin Stock...On average they are earning 10% ion the purchase price. I'll check the gross income in a couple weeks.....2 of them already earned over $300 last quarter

[Peter3_1]

So American Oil and gas, I bought at $1.31 a share 3800 shares, sold HALF today as $2.50  , so 1900 x 2.50 = $4,750 back, $250 short of my total investment in this stock. Will asell the rest if it reaches $4.00, but that won't be today.

Bought BreitBurn Energy (yld 16.5% dividend), Torch Energy (22.1% int. yield) yesterday, both of which are up over the market average today....as we look at a colder than average winter.....

Frankl;y, I looked up "energy trust" "royalty trust" (go Canadian there),and "energy partners" on my stock lookup and have been going thru them looking  Kinder Morgan Energy Partners interests me, but more research is needed.

Also Gunness Atkinson China and Hong Kong  is something that interests me, as they own TONS of our debt, have a currency with an artifically depressed value AND are now world wide merchants,. The whole damned countey is a Corp! and they dwarf Japan. Auystralia uinterests me as a currency hedge too, but by owning corp. and Gvt. bonds there. You get small interest, but at Obama's magic cash starts having a major effect, the Yen and the Aussie Dollar will increase in value. Or so I think.
I'm open to suggestion.

Any

[Chris]

Should have bought some Ford stock back in November.  Damn.  Even my broke ass could have made a bundle from that.

[Peter3_1]

It was and is against my rules Must have dividend income OR a very strong upside potential with very limited bankruptcy exposure. At $1.05 Ford had none of these. Rite Aide still too risky.

PWE Penn West Energy Trust NYSE  got it

PGH Pengrowth Energy Trust NYSE   got it

PVX Provident Energy Trust NYSE

HTE Harvest Energy Trust NYSE

VET-UN.TO VERMILION ENERGY TRUST UNITS Toronto

ENT Enterra Energy Trust NYSE

BTE Baytex Energy Trust NYSE

PMT-UN.TO PARAMOUNT ENERGY TRUST UNITS Toronto

TUI-UN.TO TRUE ENERGY TRUSTS TRUST UNITS Toronto

AET-UN.TO ARC ENERGY TRUST TRUST UNITS

and I'm thinking about a few others too.....

[Peter3_1]

So I bought Breitburn Energy Partners AND Torch Energy Royalty Trust. BreitBurn earns 16.5% annually, but has limited growth. 16.5% AIN'T BAD IN A 3% CD world. Trch is, I think, a growth thing, especially considering the cold we're suffering up here.

Thus far there is a $50,000 growth in the stock value overall, plus interest earnings: year to date is a little over $33,000 , $26,000 of which is from dividends. Because of the energy and royalty trusts, almost $25,000 is TAX EXEMPT!   

This year I should reach $70,000 gross, and about 1/2 will be tax exempt.

I hope this holds for another year. This is a real posibility as Obama is so screwing up the energy sector, that I see the prices and earnings going up past predicted amounts by a tad.

So with the Marcallus Shale coming into its' own, the Williston Basin (Three Forks-Mexican deposits and Bakken Shale) and the Louisana nat gas deposits proving larger than thought , the energy will flow, and the meters will run. At some point I'll take the gain, if it is still there.

Anyway, I should have done this a year ago August, but better late than never.

[Peter3_1]

year end numbers:

Amer oil & gas  paid $1.32   closed 12/31 at $4.20   

Atlas Energy     paid $25.725  closed $30.14 BUT got 116 more shares from a split

Pengrowth       paid  $9.218     closed $9.630

Breitburn         paid $12.246    closed $10.590  lostvalue, but it is coming back

DCP Midstream  paid  $ 9.797   closed  $29.570  HOME RUN THERE!

East. Ameri.     paid $25.20     closed  $23.51   comming back with the cold weather

Enterprise       paid  $20.775   closed  $31.400

Torch               paid $$6.47   closed    $4.750

Unrealized gain, $26,655  gross interest $42,000
Second account, small,
EPB p: $15.255 N $25.95, MLP P$33.86 N$44.97 FGP P $15.12 N 21.13 + $4400 DIV PAY
sO.i'M GOOD so far. Most of the lower prices are already mostly back. Hope next year is as good....



Gross   

[Lacarnut]

Two new ETF's came out on the market Friday. Palladium (PALL) and Platinum (PPLT). Think I will dip my toes in those two.

My big play is going to be Denbury (DNR). They are the largest independent oil producer east of the MS injecting CO2 into old wells. They have spent millions building a pipeline from MS to Delhi LA. Denbury has been making good gains by this proven method in MS. The pipeline is finished and they have started injecting CO2 into a few wells. In a couple months, the recovery process should take effect, and the royalty checks I receive will be pumped back into their stock.

[Peter3_1]

STILL DOING OK. SOLD OFF ALL THE LONG TERM LOSERS, AS i PLAN TO SELL SOME WINNERS, AND NEED THE OFFSET....best pick ws American oil and gas, $1.32 to $4.70/

[Javelin]

Peter I have spent my time after the military making my living in the markets.  Its paid for all that I have.  All I know to tell you... good luck.

Dont get caught with your pants down around you ankles. 

[Peter3_1]

Javelin, try and keep my pants on.

So far, I'm good, not 100% , but good.

Feb. report:
Pengrowth bought $9.218  now $10.45

Provident PVX BOUGHT $5.148 now $7.87

Breitburn BBEP bought $12.246  now $15.23
                        "      $14.207  now $15.23

DCP Midstream bought  $9.797 now $$30.82

Eastern American  bought $25.20 now $23.78 

Enterprise products EPD  bought $20.775 now $32.76

Torch              TRU  BOUGHT   $ 6.47 now $4.39

American Oil & gas Bought   $1.32       now $5.85

El Paso                bought    $15.266  now$27.97

Energy Transfer   bought     $33.86    now $66.74

Ferrellgas           Bought     $15.122    now $21.75

They are still delevering an average of 10% dividends based on my purchase price, except American o & g, who is srtictly a growth purchase.

[Javelin]

They are still delevering an average of 10% dividends based on my purchase price, except American o & g, who is srtictly a growth purchase.

Sure you can make money in vegas... so how long are you going to bet against the house?

Good job for the start up but just curious as to where a few things are that you may need to consider.  What is the exit strategy and where do you plan on the downside? 

You have any short lineups?  If your more long term minded what hedges are you using?

From where I sit in my opinion this bull market is going to run out of steam.  BBands have been tightening then a nice six or so day run up but its no breakout.  Too many pieces are overbought and real fundamentals do not support the current levels.  Right now all I see is a complete disconnect on the market verses the street which reminds me of the first slip when the DJIA was around 14k and technicals are showing similar.  Now if I could guess when it would happen I would have more money than the government..... well... I think my 5 year old has more money than the government in real terms but you get what I mean.

[Peter3_1]

Well, on the growth risks, I have sold off 1/2 the original number of shares when they reached (or reach) double the purchase price. I principal back of things like American. 50% of cash assets are in certain insured money funds. They don't earn much, but are very conservative.

Shorting things make me nervous. I am better at figuring out where there is room for profit.....like when I bought Barrick Gold long long ago after the last gold /silver market crash......bought B of NY back in 1970 and a DRIP program added money and over the years grew a lot. When they decided to enter into the bank buying frenzy, I sold most of it, paid the gain, bought my Ferrari , my two Royal Formula Fords and put my two sons thru College. Not to menton helped take care of certain health issues.....


Anyway my reason for jumping into the oil patch was the insanity that was/is the Obama admin.. Clearly he was the incompetent boob he has proved himself to be with business and the economy. My thinking was/is that the economy is in trouble big time, and , unless you want to freeze to death, eat all raw food and walk everywhere, we're going to be on petroleum for a very very long time. Nat gas and the Bakken reserves , the Three Forks Sanish , Canadian Oil Sands, Marcallus Shale , and the other proved , exploited reserves would be a reliable sourse of income.   Which is what I want.

I watch the shares daily, and , should I grow fearful or see a drop I feel uncomfortable with, I can be out and into CD's in a few minutes. P