Archive for November, 2008
Penn West Energy dropped from Income Portfolio
Today I have “sold” the position in Penn West Energy (PWE: 12.91 +0.87 +7.23%) out of this site’s Income Portfolio. The combination of falling oil and natural gas prices, a stronger dollar and growing unfavorable Canadian tax laws have driven down the stock price. I believe the next shoe to fall is a cut in [...]
Ship Finance increases dividend
Ship Finance International Ltd..
Ship Finance International Ltd. (SFL: 12.49 +0.46 +3.82%) has declared a 60¢ dividend for shareholders of record as of December 23. This marks the 19th straight quarter that Ship Finance has maintained or increased their dividend. Based on Wednesday’s closing price the stock carries a hefty 22.6% yield. I am expecting a [...]
Frontline slashes dividend
After paying dividends of $2.75 and $3.00 for the first two quarters of 2008, Frontline Ltd. (FRO: 31.62 +0.60 +1.93%) has elected to pay only 50¢ for the 3rd quarter to shareholders of record on Dec. 9. As the largest publicly traded oil tanker company, Frontline has been popular with investors due to their generous [...]
New Energy Finance - NEX - Weekly Review
Each week I recap the results of the WilderHill New Energy Global Innovation Index, symbol NEX, and published by New Energy Finance Ltd. The index consists of approximately 90 stocks from 22 countries. The NEX is the tracking index for the PowerShares Global Clean Energy Portfolio ETF (PBD: 13.31 +0.32 +2.46%). For reference, the NEX [...]
Atlas Pipeline Partners: Call option on oil
Natural gas transport and processing company Atlas Pipeline Partners (APL: 7.97 +0.64 +8.73%) has been hit hard by falling oil prices. Or at least its stock price has. At the time I write this APL stock is trading at 2 times the annual dividend. It is apparent that there is a strong belief that APL [...]
