We got to most of the questions during this session, but there were a few that required an extended answer, or a bit more research. Of the remaining questions, there were about twice as many specific to MLPs versus those that pertained to conventional energy sector corporations. Below I will address most of the remaining MLP questions from the chat. For questions that weren’t MLP-specific, see this week’s issue of The Energy Letter.
Q: Are the general partner units always the best to hold for long term gains and MLP units for current income?This question really piqued my interest. Intuitively, I felt like it was probably true, but I didn’t want to answer the question until I could dig into it a bit more. I thought it would be interesting to have a look at the historical performance of a few publicly-traded general partners versus their limited partner to find out if that hypothesis is supported.
5 Best Oil Stocks To Own Right Now: McEwen Mining Inc (MUX)
McEwen Mining Inc. (McEwen Mining), formerly US Gold Corporation, is engaged in the exploration for and production of precious metals in the United States, Mexico and Argentina. McEwen Mining�� operating segments include USA and Mexico. The Company holds an interest in numerous exploration and development stage properties and projects in Nevada, Mexico and Argentina, as well as a 49% equity interest in the gold-silver San Jose Mine in Santa Cruz Province, Argentina. The Company holds interests in approximately 1,631 square miles of mineral concessions in west central Mexico. Its primary property in Mexico is the El Gallo Complex, located in Sinaloa state on the Sierra Madre Trend, a geological area of gold and silver mineralization. The Company holds interests in approximately 254 square miles in Nevada, United States. The Company�� Nevada properties, including its interests in the Gold Bar Project and Tonkin Complex, are located along the Cortez Trend, in north central Nevada. It also owns property, including the Limo Project, on the southern end of the Carlin Trend. On January 24, 2012, it acquired of Minera Andes Inc. (Minera Andes).
On January 24, 2012, the Company acquired a 49% interest in Minera Santa Cruz SA, owner of the San Jose Silver-Gold Mine in Santa Cruz, Argentina; a 100% interest in the Los Azules Copper Deposit in San Juan, Argentina, and a portfolio of exploration properties in Santa Cruz, Argentina. The San Jose Mine is operated by the majority owner of the joint venture, Hochschild Mining plc (Hochschild). The Company holds mineral rights and applications for mineral rights covering approximately 944 square miles in Argentina.
Tonkin Complex
The Tonkin Complex is divided functionally into five areas: the Mine Corridor, Tonkin North, Patty, Keystone and Tweed. The Tonkin Complex represents its holding in the State of Nevada at approximately 93 square miles (241 square kilometers). The Tonkin Complex is located on the Cortez Trend. During ! the year ended December 31, 2011, the Company drilled one hole, and 2,190 feet reverse circulation drilling. The Tonkin Complex also includes the Patty Project. On October 18, 2011, Barrick Gold U.S. Inc. (Barrick), the former holder of a majority of the project and operator, entered into a joint venture agreement with Rye Patch Gold U.S. Inc. (Rye Patch) under which Rye Patch has the right to acquire a 60% undivided interest in the Patty Project. As of December 31, 2011, it held a non-operating minority interest (12%). The Patty Project is a property (approximately 18.1 square miles) located in the northeast portion of the Tonkin Complex and consists of 544 unpatented mining claims. The 372 claims (included in the 1,478 under US Gold's Historic Tonkin Property) covering the area of the property, Tonkin North were previously owned by unaffiliated parties and held by the Company under a lease agreement. The lease expired on January 1, 2011. In July 2011, it acquired these claims. The Company held an interest of in 106 claims (included in the 156 under Cornerstone) in the Cornerstone property. On July 19, 2011, it acquired the Tonkin North and Cornerstone claims.
Gold Bar Complex
The Gold Bar Complex is located south of the Tonkin Complex on the continuation of the Cortez Trend. In November 2011, the Company announced the completion of a Preliminary Feasibility Study (PFS) by SRK Consulting for the Gold Bar Project. Exploration drilling at the Gold Bar Complex in 2011 totaled approximately 7,245 feet (2,208 meters) in 41 reverse circulation drill holes that were focused on extensions to the Gold Pick-Gold Ridge and Cabin Creek mineralization, as well as targets found by geologic mapping and sampling.
The Gold Pick-Gold Ridge area occurs on the Battle Mountain-Eureka mineral belt in a window of lower-plate carbonate rocks surrounded by upper-plate rocks. The lower-plate carbonates at Gold Pick-Gold Ridge consist of an east-dipping section of Silurian Lone Mountain Do! lomite, D! evonian McColley Canyon Formation, Devonian Denay Formation, and Devonian Devils Gate Limestone. Northwest-trending and northeast-trending structures cut the area; the Gold Pick mineralization is localized in an apparent northwest-trending horst of McColley Canyon Formation, which is cut by a series of northeast-trending structures.
Limo Property
The Limo Property is located in east-central Nevada. The Limo Property position totals approximately 44.5 square miles (115 square kilometers). Gold mineralization has been identified in numerous places along the 15 mile (24 kilometers) length of the property. Exploration drilling at the Limo Property in 2011 totaled approximately 59,157 ft. (18,031 meters) in 10 diamond drill core holes and 70 reverse circulation drill holes. The drilling was focused on two targets, Cadillac and Continental, outside the existing mineralization. The mineral interests controlled by the Company at the Limo property consist of 1,392 contiguous claims that cover approximately 44.5 square miles (115 square kilometers), plus 15 claims (for a total of 1,407) near the southern boundary of the property that were acquired through a lease in August 2011. Its land package extends for about 15 miles (24 kilometers), and covers the western side of the southern Cherry Creek Range.
Battle Mountain Complex
The Battle Mountain Complex is located within Humboldt and Lander Counties in the valleys and on the flanks of the mountains surrounding Battle Mountain on the Cortez Trend north of our Tonkin complex. Battle Mountain, Nevada. In 2011, exploration drilling in the Battle Mountain Complex totaled 2,205 feet (672 meters). Work during 2011, also included geologic mapping, soil and rock sampling. Results of this work identified two target areas, Medea and Lucky Strike, on its BMX property. Three holes were drilled on the Medea prospect during 2011.
Other United States Properties
The Company acquired additional mineral! properti! es in Nevada. The mineral properties included in the acquisition of Tone (Roberts Creek, Kobeh, Gold Bar North, South Keystone, Big Antelope Springs, Red Ridge, Fish Creek and Kent Springs) are generally subject to a 1% net smelter return royalty interest in favor of KM Exploration Ltd. Certain properties (Roberts Creek, Kobeh, Gold Bar North, South Keystone and Big Antelope Springs) are also subject to earn-in rights in favor of Teck Cominco American Incorporated (Teck).
Alaska
On July 1, 2011, its Company and Select Resources Corporation, Inc. (Select) signed a four-year Exploration Lease and Purchase Option Definitive Agreement (the Definitive Agreement) with respect to the Richardson Mineral Project (Richardson) in the Tintina Gold Belt of Alaska. Under the terms of the Definitive Agreement, it acquired an exploration lease for the Richardson project, and an exclusive option to purchase a 60% interest in the project and enter into a joint venture with Select. The Richardson project is located 70 miles (115 kilometers) southeast of Fairbanks, Alaska, and covers an area of approximately 52 square miles (136 square kilometers). Extensive field sampling and mapping, airborne geophysics, and three core holes were completed in 2011. Drilling at the Richardson Project in Alaska during 2011, included three holes and 2, 863 feet core drilling.
Mexican Properties
The Company has a property in Mexico, called the El Gallo Complex, which includes the El Gallo, Magistral, and Palmarito deposits in Sinaloa state. The Company control mineral concessions of approximately 1,631 square miles (4,224 square kilometers) located in the Mexican states of Sinaloa and Nayarit. It holds its interests through ownership of Pangea Resources Inc., which in turn holds 100% ownership of Compania Minera Pangea S.A. de C.V. (Minera Pangea). The El Gallo Complex is located in Sinaloa state, northwestern Mexico in Mocorito Municipality. The El Gallo Complex is being developed in tw! o phases.! The El Gallo Project lies within two of its controlled concessions, Rocio Fraccion A and Pangea. These concessions have an area of 86,764 acres and 3,946 acres respectively. It controls the properties immediately surrounding El Gallo. Exploration work completed in 2011 at El Gallo consisted of core and conventional rotary drilling. The mineralization at the Magistral Mine Property is classified as a low-sulfidation epithermal gold-silver mineral system. During 2011, 203 core holes were drilled for a total of 88,891 feet (26,088 meters).
Other Exploration Areas
During 2011, it drill-tested a number of prospective exploration targets throughout the El Gallo district, which resulted in the discovery of four new veins. Three veins, Los Mautos, Mina Grande, and Haciendita were all located six miles (10 kilometers) north of El Gallo, and the fourth vein, San Dimas, is located 6 miles (10 kilometers) south of El Gallo.
Advisors' Opinion:- [By Jake L'Ecuyer]
Leading and Lagging Sectors
In trading on Wednesday, basic materials shares were relative leaders, up on the day by about 0.27 percent. Meanwhile, top gainers in energy sector included Endeavour Silver (NYSE: EXK), with shares up 4.3 percent, and McEwen Mining (NYSE: MUX), with shares up 4.4 percent. - [By Luke Jacobi]
McEwen Mining (NYSE: MUX) closed down, falling 5.14 percent to $2.40 following a Seeking Alpha article commenting on news of an Argentinian taxation raid on mining companies.
- [By Lisa Levin]
McEwen Mining (NYSE: MUX) shares rose 5.93% to touch a new 52-week high of $3.72 after the company reported 4 updated reserve & resource estimate at the San Jose mine in Argentina.
- [By Selena Maranjian]
McEwen Mining (NYSE: MUX ) slid 52%, and has also been cutting costs at Mexico-based mines. Management has suggested that the price of gold may be near a bottom, and it's looking into strategic partnerships, too. In its second quarter, McEwen upped its gold production by 30% over year-ago levels. Still, it's not yet turning a profit and is free-cash-flow negative.
10 Best Long Term Stocks For 2014: Technip (TEC)
Technip, formerly known as Technip SA, is a France-based company that is engaged in project management, engineering and construction for the energy industry, and holds a portfolio of solutions and technologies. The Company operates in three segments: Subsea, Onshore and Offshore. Its main markets include onshore plants, offshore platforms and subsea construction. The Company is present in around 48 countries, and had industrial assets on continents and operates a fleet of vessels for pipeline installation and subsea construction. It operates several subsidiaries, such as AETech, EPD, Subocean group and Front End Re, among others. On August 31, 2012, the Company announced the completion of the Stone & Webster process technologies and associated oil and gas engineering capabilities acquisition from The Shaw Group Inc. In March 13, 2013, it acquired Ingenium AS, an offshore engineering and services company. Advisors' Opinion:- [By Sofia Horta e Costa]
Technip SA (TEC) sank 15 percent, its biggest weekly retreat in more than two years after third-quarter profit missed the average analyst estimate compiled by Bloomberg. The oilfield-services provider also cut full-year forecasts for the operating margin and sales at its subsea unit, meaning total sales will miss an earlier target of as much as 9.5 billion euros.
10 Best Long Term Stocks For 2014: ING US Inc (VOYA)
ING U.S., Inc., incorporated on April 7, 1999, is a retirement, investment and insurance company serving the financial needs of approximately 13 million individual and institutional customers in the United States. The Company offers its products and services through a group of financial intermediaries, independent producers, affiliated advisors and dedicated sales specialists throughout the United States. The Company operates its principal businesses through three business lines: Retirement Solutions, Investment Management and Insurance Solutions. In addition, it also has closed Blocks and corporate reporting segments. Closed Blocks consists of three businesses where it has placed its portfolios in run-off-Closed Block Variable Annuity, Closed Block Institutional Spread Products and Closed Block Other. The Company�� corporate segment includes its corporate activities and corporate-level assets and financial obligations.
Retirement Solutions
The Company is a provider of retirement services and products in the United States. The Company provides a product range addressing both the accumulation and income distribution needs of customers, through a distribution footprint of nearly 2,500 affiliated representatives and thousands of non-affiliated agents and third party administrators (TPAs). The Company�� Retirement Solutions business consists of two financial segments: Retirement and Annuities.
Retirement provides tax-deferred, employer-sponsored retirement savings plans and administrative services to more than 49,000 plan sponsors covering approximately 5.3 million plan participants in corporate, education, healthcare and government markets. Retirement also provides rollover IRAs, and other retail financial products as well as comprehensive financial advisory services to individual customers. Annuities provide fixed and indexed annuities, tax-qualified mutual fund custodial products and payout annuities for pre-retirement wealth accumulation and post-retirement i! ncome management sold through multiple channels.
Investment Management
The Company is a service asset manager delivering client-oriented investment solutions and advisory services. The Company serves both individual and institutional customers, offering them domestic and international fixed income, equity, multi-asset and alternative investment products and solutions across a range of geographies, investment styles and capitalization spectrums.
Insurance Solutions
The Company is a provider of life insurance in the United States. The Company�� Insurance Solutions business consists of two financial segments: Individual Life and Employee Benefits. Individual Life provides wealth protection and transfer opportunities through universal, variable, and term products, distributed through independent channels to meet the needs of a range of customers from the middle-market through affluent market segments. Employee Benefits provides stop loss, group life, voluntary employee-paid and disability products to mid-sized and large businesses.
Closed Blocks
The Company separated its Closed Block Variable Annuity and Closed Block Institutional Spread Products segments from its other operations, placing them in run-off, and made a strategic decision to stop actively writing new retail variable annuity products with substantial guarantee features and to run-off the institutional spread products portfolio over time. The Company�� focus in managing its Closed Block Variable Annuity segment is on protecting regulatory reserves.
The Company competes with Fidelity, Vanguard, Morgan Stanley Smith Barney, Bank of America Merrill Lynch, TIAA-CREF and Ameriprise.
Advisors' Opinion:- [By Mike Deane]
On Friday, Dutch company ING Groep announced that it will be selling off shares in the American arm of its firm, ING US Inc (VOYA).
VOYA went public in May of this year, and its Dutch parent company currently holds a stake in 71% of the company. ING US will rebrand as Voya Financial, according to the Associated Press. ING Groerp did not disclose the timing or size of the sale.
VOYA shares were down 48 cents, or 1.62%, at market close on Monday. YTD the company’s stock is up over 44%.
- [By Jessica Alling]
The life and retirement segments at Genworth Financial (NYSE: GNW ) , Hartford Finanical (NYSE: HIG ) , and ING (NYSE: VOYA ) were among 11 insurers slapped with a new settlement for unpaid benefits. In the video below, Motley Fool contributor Jessica Alling discusses how the insurers misconduct lead to unpaid monies, how much the settlement is, and how investors should be looking at the situation.
10 Best Long Term Stocks For 2014: I.D. Systems Inc.(IDSY)
I.D. Systems, Inc. develops, markets, and sells wireless solutions for managing and securing enterprise assets, including industrial vehicles, such as forklifts, airport ground support equipment, rental vehicles, and transportation assets primarily in North America. The company offers integrated wireless solutions that enable customers to control, monitor, track, and analyze their enterprise assets. Its campus-based fleet management products include On-Asset Hardware, which provides an autonomous means of asset control and monitoring; Wireless Asset Managers that link mobile assets being monitored with customer?s computer network or to a remotely hosted server; Server Software, which manages data communications between the system?s database and either the Wireless Asset Managers or On-Asset Hardware; and Client Software, which restricts access and limits corruption of system information, as well as minimizes network bandwidth usage. The company?s remote asset management products comprise On-Asset Hardware, which addresses various remote asset types, such as dry van trailers, refrigerated trailers, domestic containers, and railcars, as well as customer-specific requirements; and VeriWise Intelligence Portal, a hosted Website that provides Internet access to client asset information. The company also offers direct feed of the data to customer through XML or Web services. In addition, it provides maintenance, customer support, and consulting services. I.D. Systems markets and sells its wireless solutions to a range of customers in the commercial and government sectors operating in various markets, such as automotive manufacturing, retailers, shippers, freight transportation companies, heavy industry, retail and wholesale distribution, aerospace and defense, homeland security, and vehicle rental directly, as well as through indirect sales channels, such as industrial equipment dealers. The company was founded in 1993 and is headquartered in Wo odcliff Lake, New Jersey.
Advisors' Opinion:- [By John Udovich]
Yesterday, small cap identity protection stock Lifelock Inc (NYSE: LOCK) surged 15.64% after reporting better-than-expected third quarter earnings thanks in part to playing on the security fears of consumers, meaning its probably time to take a look at it along with two other security stocks, I.D. Systems, Inc (NASDAQ: IDSY) and View Systems Inc (OTCBB: VSYM), which can also play up the fear factor:�
10 Best Long Term Stocks For 2014: MAKO Surgical Corp.(MAKO)
MAKO Surgical Corp., a medical device company, markets its advanced robotic arm solution and orthopedic implants for orthopedic procedures in the United States and internationally. The company offers MAKOplasty, a restorative surgical solution that enables orthopedic surgeons to treat patient specific osteoarthritic disease. It also provides robotic arm interactive orthopedic system (RIO) consisting of a tactile robotic arm utilizing an integrated bone cutting instrument; and a patient specific visualization component, which offers pre-operative and intra-operative guidance to the orthopedic surgeon, enabling tissue sparing bone removal, and accurate implant insertion and alignment. The company?s MAKOplasty partial knee arthroplasty solution enables resurfacing of one or two specific diseased compartments of the joint, preserving more soft tissue and healthy bone of the knee; and MAKOplasty Total Hip Arthroplasty, a surgical solution that enables orthopedic surgeons to pe rform total hip arthroplasty. In addition, it offers tactile guidance system, which allows orthopedic surgeons to treat degenerative knee osteoarthritis from early-stage unicompartmental degeneration through mid-stage multicompartmental degeneration with a modular knee implant system; and RESTORIS family of implants for use in single and bicompartmental knee resurfacing procedures. The company markets its products through direct sales force, as well as through independent orthopedic product agents and distributors. MAKO Surgical Corp. was founded in 2004 and is headquartered in Fort Lauderdale, Florida.
Advisors' Opinion:- [By Sean Williams]
What's more, what goes for Intuitive Surgical likely goes double for MAKO Surgical (NASDAQ: MAKO ) , a robotic surgical device maker for orthopedic knee and hip procedures. Because MAKO is currently unprofitable the boom and bust it could experience because of its unique niche versus the effects of Obamacare could really be a huge catalyst. Take clues from MAKO's management as another indicator of where Intuitive may head next and keep your eyes fixated on Intuitive's July 18 report.
10 Best Long Term Stocks For 2014: TRW Automotive Holdings Corporation(TRW)
TRW Automotive Holdings Corp., together with its subsidiaries, designs, manufactures, and sells automotive systems, modules, and components for automotive original equipment manufacturers and related after-markets. It operates in four segments: Chassis Systems, Occupant Safety Systems, Electronics, and Automotive Components. The Chassis Systems segment offers product lines relating to steering gears and systems, foundation brakes, modules, brake controls, and linkage and suspension. The Occupant Safety Systems segment provides airbags, seat belts, steering wheels, and occupant restraint systems. The Electronics segment offers various products comprising safety electronics, radio frequency electronics, chassis electronics, powertrain electronics, and driver assist systems. The Automotive Components provides body controls, engine valves, and engineered fasteners and components. The company offers its products for passenger cars, light trucks, and commercial vehicles worldwid e. TRW Automotive Holdings Corp. was founded in 1904 and is based in Livonia, Michigan.
Advisors' Opinion:- [By Patricio Kehoe]
Automobile manufacturers have been performing well as of late, largely due to increasing sales pushed by a recovering U.S. economy and growing emerging markets. Auto parts suppliers, such as TRW Automotive Holdings Corp (TRW) and Johnson Controls Inc. (JCI), are bound to benefit largely from rising sales, and thus present themselves as interesting investment opportunities. However, due to their focus on different industry segments, and their current stock valuation, investing in only one of these companies makes sense.
Safety Sells - [By guruek]
TRW Automotive Holdings Corp (TRW): Director Neil P. Simpkins Sold 10,273,062 Shares
Director of TRW Automotive Holdings Corp (TRW) Neil P. Simpkins sold 10,273,062 shares on 08/05/2013 at an average price of $71.34.
10 Best Long Term Stocks For 2014: Horizon Technology Finance Corporation (HRZN)
Horizon Technology Finance Corporation, a specialty finance company, lends to and invests in development-stage companies in the United States. It provides secured loans to companies backed by established venture capital and private equity firms in the technology, life science, healthcare information and services, and cleantech industries. Horizon Technology Finance Corporation was founded in 2008 and is based in Farmington, Connecticut.
Advisors' Opinion:- [By BDC Buzz]
I believe investors should look past the current low dividend yields and relatively higher multiples of NAV per share for BDCs such as FDUS, MAIN, and TCAP, but should consider the total return for these companies. The table below compares FDUS and MAIN to both ACAS which does not pay dividends and Horizon Technology Finance (HRZN) that pays a higher than average dividend but after taking into account dividend growth, special dividends, and NAV per share growth (using last twelve months actual for projection purposes) it is clear that the expected investor return is based on more than the current dividend yield.
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