Hi CD,
<<... potential legal liability of shareholders ... eco-disaster ... Being overseas ... moot point>>
... I was aware of the liability and the changes proposed. You are right, I can only lose what I put up, and not a cent more, just as if I bought Enron;0)
<<higher dividend ones tend to fluctuate more, as you might expect>>
... the lower dividend payout ones are still paying an respectable yield, and should be valued as such.
<<they are ultimately sinking funds and have to replenish assets>>
... regular operating companies need to do same in the case of mines, and need to do R&D and marketing in the case of Coke and Pfizer.
<<6-12 years of production life at any one time. Oddly enough, if gas prices stay high this is a bigger problem than if prices cycle up and down.>>
... yes, but the call option on gas reserve revaluation implicit in the construct is worth something.
<<let's toss a few cyber-beers on May 15. Dividend day!>>
... Yes, let us do that, and keep pondering on why we are getting paid for doing absolutely naught, and getting paid so well;0)
Oh, yes, and let's keep thinking about the 'catch'.
The only catch I can immediately identify is that at some point these beasts will get valued too high and then fall in price.
Chugs, Jay |
