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INVESTMENT SIG - MAY 12, 2011
1. CONVERGENCE, WIRELESS & MOBILITY
2. MLPs UPDATE PERFORMANCE TAX ISSUE3. SECTOR PERFORMANCE IN AN ECONOMIC CYCLE (MID CYCLE SECTOR PERFORMANCE)4. O & G SHALE PLAYS, FRACTURING5. INTEREST RATE PROJECTIONS: US TREASURY YIELD WORKBOOK HOT-LINKING AN EXCEL WORKBOOK TO TREASURY YIELDS6. LAZY PORTFOLIOS7. INVESTMENTS IN POLUTION AND WASTE CONTROL8. MONEY, 20 BEST INTERNET SITES9. SIG MEMBERS OPEN DISCUSSION ECONOMY - STOCKMARKET – INVESTMENTS
>>>>>>>>>> FUTURE EVENTS <<<<<<<<<<<<<<<<<
MLP RECENT PERFORMANCE
LASTINDEX WK YTD
Alerian MLP TOTAL RETURN , % -4.1 5.0
S&P 500 TOTAL RETURN , % -1.7 7.2
MLP TAX ISSUE
http://www.naptp.org/News/LegandRegdevelop.htm
2011
SHARE PRICE, $ / SH FEB. 10 APR. 29 MAY 11
EPB EL PASO PIPELINE PARTNERS, L.P. $ 35.62 $ 37.04 $ 36.11
TRGP TARGA RESOURCES PARTNERS, L.P. 30.98 35.02 33.60
EPD ENTERPRISE PRODUCTS PARTNERS, L.P. 42.63 43.27 41.41
EXLP EXTERRAN PARTNERS, L.P. 27.88 28.75 26.73
MASTER LIMITED PARTNERSHIPS
MLP CLOSED-END FUNDS
PRICE PRICE 5/11/11
3/10/2010 5/11/11 YIELD
FEN ENERGY INCOME AND GROWTH FUND 23.92 28.40 6.5
FMO FIDUCIARY/CLAYMORE MLP OPPORTUNITY 19.35 21.62 6.4
KYN KAYNE ANDERSON MLP INVESTMENT CO 25.87 29.27 6.6
SRV CUSHING MLP TOTAL RETURN FUND 8.22 10.34 8.7
TYY TORTOISE ENERGY CAPITAL CORP 23.83 27.23 5.9
TYG TORTOISE ENERGY INFRASTRUCTURE CORP 30.86 38.25 5.7
TYN TORTOISE NORTH AMERICAN ENERGY CORP 23.46 24.68 6.0
First: http://www.microsoft.com/security/scanner/en-us/default.aspx
2nd TWEF, Monday, May 16th Demystifying the Federal Reserve
Now, demystifying QE2
QE2 will be completed on June 30th as scheduled.
So what? Chmn Bernanke cites the increase in the Russel 2000 Index
What next?
Has it achieved its stated purpose(s)?
Increase economic activity
Control inflation
Economic Activity
http://www.bea.gov/newsreleases/national/gdp/gdp_glance.htm
http://www.bea.gov/newsreleases/national/gdp/gdp_glance.htm
http://www.chicagofed.org/webpages/research/data/cfnai/current_data.cfmhttp://www.chicagofed.org/webpages/research/data/cfnai/current_data.cfm
http://www.federalreserve.gov/Releases/H8/current/http://www.federalreserve.gov/Releases/H8/current/
http://moneycentral.msn/investor/charts/chartdl.aspx?symbol=$RUT.Xhttp://moneycentral.msn.com/investor/charts/chartdl.aspx?symbol=$RUT.X
INFLATION
A key Fed measure: 5 year, 5 year forward TIP spread
http://noir.bloomberg.com/apps/quote?ticker=FED5Y:IND
Treasury yield curve
http://noir.bloomberg.com/markets/rates/index.html
History
http://www.multpl.com/interest-rate/http://www.multpl.com/interest-rate/
Has a weak dollar (result of near-zero interest rates) increasedExports?
http://www.census.gov/indicator/www/ustrade.html
Yes. On June 30th the administration will declare missionaccomplished. Bernanke announced that it will not becontinued -- but something else will take its place
Actionable Information
Being invested in the right sectors at the right timeincreases the performance of a portfolio. Whereare we now?
http://personal.fidelity.com/global/search/inquira/resultsindex.shtml?question=Sector Investing Mid-Cycle Leadershiphttp://personal.fidelity.com/global/search/inquira/resultsindex.shtml?question=Sector Investing Mid-Cycle Leadership ( scroll down to Equity Markets, select Sector Investing )
https://news.fidelity.com/static/dcle/FidelityNewsPage/documents/EcoCurveBwoexhibit.swfhttps://news.fidelity.com/static/dcle/FidelityNewsPage/documents/EcoCurveBwoexhibit.swf
Bonus www.khanacademy.org www.khanacademy.org
Modern Shale Gas Development In The U.S.: A Primer
The primary differences between modern shale gas development and conventional natural gas development are the extensive use of horizontalDrilling and multi-stage hydraulic fracturing.
The use of horizontal drilling has not introduced new environmental concerns.
Source: Department of Energy book - April, 2009
SHALE GAS PRODUCTION TYPE CURVES
http://www.palmertongroup.com/pdf/Marcellus_Production_Type_Curves.pdf
OIL & GAS SHALE PLAYS, FRACTURING and INVESTMENT IDEAS
http://www.eia.gov/naturalgas/reports.cfm?t=186
Shale Gas and the U.S. Energy Outlook, Recent Developments
http://www.northernoil.com/drilling.php
Video of drilling a horizontal well and hydraulic fracturing
http://www.hydraulicfracturing.com/Pages/information.aspx
Fact sheets on fracking and other Resource links
A government Primer on Modern Shale Gas Development
LAZY PORTFOLIOS
http://www.marketwatch.com/lazyportfolio
http://www.madmoneymachine.com/
http://www.madmoneymachine.com/professional-lazy-portfolios/
WASTE & POLLUTION CONTROL INDUSTRY
CLEAN HARBORS CLH HAZARDOUS & INDUSTRIAL WASTE
PALL PLL POLLUTION CONTROL
STERICYCLE SRCL MEDICAL WASTE
WASTE MANAGEMENT WM TRASH DISPOSAL
REPUBLIC SERVICES RSG TRASH DISPOSAL
IESI / BFC BIN WASTE MARKET LEADER IN CANADA
SOURCE: INVESTORS DAILY P. A8 5-2-11
FUTURE EVENTS:TOPIC DATE LOCATION
FIDELITY's TRADING ADVANTAGE MAY 25 10AM FIDELITY IN THE
UNDERSTANDING TECHNICAL INDICATORS MAY 25 10AM
WOODLANDS
THE WOODLANDS FEDERAL RESERVE VP MAY 16 10AM LIBRARY - 2101
ECONOMIC FORUM MEETING RSVP LAKE ROBBINS DR.
RSVP:
John Hawkins <[email protected]
DEFINITELY WILL ATTEND
PROBABLY WILL ATTEND
POSSIBLY WILL ATTEND
Houston Investors Association Meeting
May 4th
8:30 am 1st Topic 12:45 pm Last Topic
Location: University Center Building
University of Houston Campus, Houston, TXRooms 74,87,90 all rooms underground
http://www.houstoninvestors.com/wp/?p=958
MASTER LIMITED PARTNERSHIPS
WHAT ARE THEY?
WHY INVEST IN THEM?
TYPES OF MLPs
INFORMATION RESOURCES
http://www.naptp.org
May 12, 2011 Investment SIG Meeting
1. THE END OF QE2, WHAT NEXT?
2. MLPs UPDATE, PERFORMANCE, TAX ISSUE
3. SECTOR PERFORMANCE DURING AN ECONOMIC CYCLE
OR, MID CYCLE SECTOR PERFORMANCE
4.Oil and Gas Shale Plays, Fracturing, Investment Ideas
5.INTEREST RATE PROJECTIONS; US TREASURY YIELD WORKBOOK
HOT-LINKING AN EXCEL WORKBOOK TO TREASURY YIELDS
6.LAZY PORTFOLIOS
7.POLUTION AND WASTE CONTROL INDUSTRY
8.MONEY, 20 BEST INTERNET SITES
9.SIG MEMBERS OPEN DISCUSSION
ECONOMY - STOCKMARKET - INVESTMENT IDEAS
10.FUTURE EVENTS:
