Clear Sailing ahead for Teekay Offshore...

         Teekay Offshore Partners L.P. (TOO) has long been a favorite of mine.  Recently, the price has been good and Held it's Value.  The main reason We own it is for the Div. in the 8% Range.  The Value Forward will be based on the fact that oil, regardless of the barrel price, must be Shipped and Stored.  Empirical Intuition Trading at it's most Elementary.  If you can catch it @ the $19-21 Range, GET IN.

 (a Buy Op, selfishly, I hope won't happen...)

If You Are IN Petrol, Read...

CLICK Pic to Enlarge.

As you can see, other companies besides BP are going to be effected by the Moritorum on Off-Shore Drilling...

ETF Bonds, Not Looking Too Bad in 2010....

     I have not been a fan of ETFs, which I refer to as a "Globalized Mutual Funds". And I've damn well highlite Mutuals in the core principles of my personal investment philosophy: "No Burgers, Not Too Trashy, No Mutual Funds".  My personality doesn't lend itself to Prostituting Principles , but I have discovered a loophole to appease my psyche: ETF Bonds.

     My Ex in San Diego gave me the lead and I liked what I saw (sorta).  It's research intensive, having to do the co backgrounds to avoid getting the "GM Investor Experience" and needed a general knowledge of foreign bankruptcy law. etc.  And I wanted a good return for the fees I'll be paying. High-yield issues are behaving like shares, though, as befits their higher risk profile.  Do some R&B and you may find them worthwhile.

Here's one to get started with:

     The iShares iBoxx High Yield Corporate Bond Fund (HYG), which tracks the iBoxx high-yield bond index, has moved more or less in lock step with the S&P 500.  This exchange-traded fund holds non-investment grade dollar-denominated bonds, debt issued by those organisations not able to obtain a BBB- rating or better from the main agencies.  Full details of this ETF and its holdings are available on the iShares website.  But its most eye-catching feature right now is the distribution yield of over 9%.

   

N/E

This week...

       RDS.A has taken a hit, along with other Big Oil Stocks, but do a bit of R&B.  We've Group and Individual Holding Ports with it, but the $52-54 Range is attractive.  Okay Div.

My Ol' Buddy, Max, offered me a Position to get back In on a BP Block, I passed because I'm ALL IN on Best Laid Plans for QuickFlip.  May consider taking Parked out of MRO (?).  Consensus is that it's hit it's floor @ $43-45 Range.  That minimum 10% on the money by the end of the year does look attractive.  But 7.20% Div. is bound to take a Hit.

Low Oil Prices aren't helping our Petrol Ports at the moment...

If you haven't read enough on the Oil Rig Disaster in the Gulf...

     Among the Sector Sites to which I subscribe, Oil-Price.net was one of the last read; no more.  All of a sudden, with the Petroleum Sector Exposure we have, it has become a must read.

     Click this link an article you'll find both informative and somewhat intriguing:

Use nukes to contain the oil spill.

More Oil Tech/Topic Sites:

OPISnet

BNET: Energy

R/D, Start: Oil Spill Liability Trust Fund [This is a must know topic for any intelligence on the Current Situation. Start searching.]

I'm Back and We've Had Some Trouble in Paradise...

Just back from trip.  I'll be on line, tomorrow, but I felt compelled to inform you of the BP Situation. 
Much contention was made within the Clique as to what to do with our $53.20 Feb26 Position: SOLD @ $59.88 FRI23 and Parked in MRO.
     Concensus was trouble in Gulf would cost us more than the 5+% Div. despite positive Earnings Report Outlook (at the time).  As with Massey Energy, recently, "this too shall pass"; but that oil spill will need to be a distant memory coupled with a very good Q2 (or 3).

"Black Gold, Texas Tea"...

     OPEC is meeting in Cancun this week.  The Consensus is that, if they maintain a buffer supply, they can keep the price @ the $82-85 Range indefinitely.  They've a reason for keeping prices below premium.  Prices for gas @ $3-4 causes too much "conservation" in the American Market.  I would prefer a $90 - 100, and look for it to be the new norm.   

We HOLD:
British Petroleum (BP) [@56.83*] :  This is our major BUY.  Dividend (5.90%)
Marithon Oil (MRO) [@31.40*] :  Marithon is expanding Retail Outlets and Profile.  Don't buy it for the Div. (3.+%)
Royal Dutch Shell (RDS.A) [57.54*] :  They're on an Expansion/Dealmaking Spree; 2012, beginning profs.  Dividend (5.84%)

If you get IN to an Oil Stock, I've another Desktop Shortcut for you:  Oil-Price.net
*Closing Price March 30, 2010.