Petrobakken?? PBN-T

[Hopperbin]

Purchased this on last friday for 7 bucks seemed a good idea as dividend of 8 cents per share worked out to 13.71 percent per year. These oil stocks seem under pressure from investors as this corp is. They seem awash is money. Have a 17 percent gain on the week so I have fingure on sell trigger, but think there must be more upside to this one. Anyone got more insight on this one?

[Hopperbin]

The dividend is 8 cents per share per month and never changed for over 2 years, their gross revenues are higher today, they should not change the dividend.

[hobbyfrmr]

Now that you own the shares, can you sell (covered) call options, like Andy Sirski claims in the Grainnews?

It sounds like a good stock, consistent dividends paid out, and, at this time, upside potential.
I have been loosely following his philosophy and it does make sense. Unfortunately I am too busy/lazy to follow the stock market to find opportunity. I do appreciate your insight (commodity marketing is the name of this forum )and eventually I want to make a habit of making extra revenue from the stockmarket.

[Hopperbin]

Since a lot of us farmers become employees of these local corps was hoping to get some insight as to the operation and the fact they deal with farmers for the surface rights. Seems logical to ask a farmer forum for some insight.

[Hopperbin]

I do not know how to sell or put up the option to sell call or put options, but was once approached by some organization to do it for grain options puts and calls and refused it. Myself I prefer to invest in corporations involved in making money and economic stimulus. Not just the speculation of a commodity price.

[Hopperbin]

Logically writers of puts and calls should have profit built into their risk. But risk can be high.

[Hopperbin]

I suppose CP should just in here, I make an ass of myself. covered call is some sort of buying a stock and also a call option in combination.
Seriously I have no idea why anyone would want to do that other than make money for the broker. Story likey written editted by some brokerage company.

[cottonpicken]

I can remember hearing something but going crazy
trying to remember ,but stockhouse.com bullboards
will have it.

That is crazy awesome dividend yield,i was unaware of
it.

[cottonpicken]

**** options,if something is in a bull get long why
bother guessing it will go down,in some sort of time
frame?

If something is going down why bother looking at it
instead of whats in a bull?

Your money in something paying youhigh dividend
yield seems way more logical to me.

[Hopperbin]

Maybe not related but I think is.
Look at HNU a natural gas exchange traded fund bull. Supposed to be designed to pay you double the natural gas increase in price minus all the operators expenses. Not looking at the chart now but don't think I am far out here, for every 100 dollars invested 2 years ago you would have less than 2 dollars now. This etf shit or writing puts and calls is not worth it. 10 good years can put you back 100. Better off going to Northern Lights Casino PA

[grassfarmer]

Selling covered calls not worth it huh? from someone who doesn't know how to do it. I follow Mr Sirski's newsletters and find it fairly easy to make 20% a year using his methods. Easiest money I've ever made. What was your prediction on RIM a few months back when you were buying it Hopper?

[Hopperbin]

Obviously not good at the moment still hold it, down almost 50 percent

[Hopperbin]

Glad I still have my day job lol

[Hopperbin]

Anyways bash me on rim or sso what ever you like, how the hell do you make 20 percent on a covered call per year, your ****ed

[grassfarmer]

I'll give you one example of many Hopper.
Bought FR (First Majestic a developing silver company)in June for $16.04 and sold a covered call immediately for October $17 picking up a $1.69 premium. Fully expect to be excercised these shares next weekend for a total return of $18.69 ($17 $1.69)so a gain of 16.5% in 4 months. If I hadn't bothered with the covered call i'd only be up @6% on the stock.
Selling the call brings in additional income and also provides downside protection - as soon as I sold the call my book value went down to $14.35. If the stock had gone up to $21 I either lose out on that extra profit or I can buy back the call and sell another higher - or I could just settle for 16.5% in 4 months.