Money and Finance
On June 24, 2015, I bought 107 shares of Corenergy (CORR). 101 at $6.10 and I flipped 6 shares at $6.17.
Rational
1) Corr has just reached an agreement to purchase all of EXXI Midstream and upstream facilities for $245 Million.
2) Corr will then lease the facilities back to EXXI for $40 million a year.
3) the purchase will be mainly through share dilution and debt funded by BofAML
4) to help current shareholders, dividends will be raise its dividend in the 3rd quarter upon completion from $0.135 to $0.15.
5) and then the market took Corr to the woodshed for a 10% 1 day loss
Like they say, when people are fearful get greedy. This is my first purchase of this company in a little over a year. I will probably flip for 3 more shares and won't buy any more past 300. I need to refocus and double down on my consumer staples.
A lot of investors have no idea what Corr is or what they do. I will be posting an article this weekend explaining Corr to another company KMI. The working title is KMI the "Bull" vs CORR the "tortoise".
My forward 12 month dividend currently stands at $1,688.56 + FCISX distribution.
For more information look at Brad Thomas article
Seeking Alpha Article
- Sell: Bbl, Souhy, Nsc
On Monday, December 14, 2015, I sold the following 80 shares of BBL at $20.65 for a total of $1,644.97.34 shares of SOUHY at $3.51 for a total of $112.34.11 shares of NSC at 90.10 for a total of $984.09. In return I received $2,756.91. I lost -$236.76...
- June Result + Recent Buys
June Result June’s Dividend ESV- $1.35CVX- $20.33COP- $5.11TROW- $6.76JNJ- $25.5MCD- $8.50AFL- $6.63UL- $12.76ORI- $6.48GILD- $4.73LTC- $3.57K- $2.97WMT- $0.93FCISX- $22.64Total: $128.26 Cash flow Salary$2,919.88Dividend$128.26Interest$7.86Total$3,056.00...
- Roth Ira Buy: Wpc
On May 11, 2015, I added 15 shares of WPC at $63.99/share for a total of 966.85 into my ROTH IRA. My Roth IRA is now maxed out for 2015. This purchase increased by forward 12 month dividend by $57.15. If you haven't please read Dividend Mantra's...
- A Novice Analysis On Hasi
Hello Guys/Gals, I have been getting a lot of comments/emails about CORR and HASI. I wrote a novice analysis on Corr earlier in my blog and Brad Thomas recently wrote an interesting piece on Seeking Alpha HERE. I just wanted to take a second and talk...
- November Dividend
Hello Reader(s), Time to report my November Dividend since everybody else is doing it. DE 10.20T 13.34AAPL 1.41ARCP 12.58KMI 9.24TIS 5.25LTC 3.57CORR 15.21Total:...
Money and Finance
Recent buy: 107 shares of CORR
On June 24, 2015, I bought 107 shares of Corenergy (CORR). 101 at $6.10 and I flipped 6 shares at $6.17.
Rational
1) Corr has just reached an agreement to purchase all of EXXI Midstream and upstream facilities for $245 Million.
2) Corr will then lease the facilities back to EXXI for $40 million a year.
3) the purchase will be mainly through share dilution and debt funded by BofAML
4) to help current shareholders, dividends will be raise its dividend in the 3rd quarter upon completion from $0.135 to $0.15.
5) and then the market took Corr to the woodshed for a 10% 1 day loss
Like they say, when people are fearful get greedy. This is my first purchase of this company in a little over a year. I will probably flip for 3 more shares and won't buy any more past 300. I need to refocus and double down on my consumer staples.
A lot of investors have no idea what Corr is or what they do. I will be posting an article this weekend explaining Corr to another company KMI. The working title is KMI the "Bull" vs CORR the "tortoise".
My forward 12 month dividend currently stands at $1,688.56 + FCISX distribution.
For more information look at Brad Thomas article
Seeking Alpha Article
- Sell: Bbl, Souhy, Nsc
On Monday, December 14, 2015, I sold the following 80 shares of BBL at $20.65 for a total of $1,644.97.34 shares of SOUHY at $3.51 for a total of $112.34.11 shares of NSC at 90.10 for a total of $984.09. In return I received $2,756.91. I lost -$236.76...
- June Result + Recent Buys
June Result June’s Dividend ESV- $1.35CVX- $20.33COP- $5.11TROW- $6.76JNJ- $25.5MCD- $8.50AFL- $6.63UL- $12.76ORI- $6.48GILD- $4.73LTC- $3.57K- $2.97WMT- $0.93FCISX- $22.64Total: $128.26 Cash flow Salary$2,919.88Dividend$128.26Interest$7.86Total$3,056.00...
- Roth Ira Buy: Wpc
On May 11, 2015, I added 15 shares of WPC at $63.99/share for a total of 966.85 into my ROTH IRA. My Roth IRA is now maxed out for 2015. This purchase increased by forward 12 month dividend by $57.15. If you haven't please read Dividend Mantra's...
- A Novice Analysis On Hasi
Hello Guys/Gals, I have been getting a lot of comments/emails about CORR and HASI. I wrote a novice analysis on Corr earlier in my blog and Brad Thomas recently wrote an interesting piece on Seeking Alpha HERE. I just wanted to take a second and talk...
- November Dividend
Hello Reader(s), Time to report my November Dividend since everybody else is doing it. DE 10.20T 13.34AAPL 1.41ARCP 12.58KMI 9.24TIS 5.25LTC 3.57CORR 15.21Total:...