The Great Depression

  • Benjamin Roth: The Great Depression: A Diary

    Benjamin Roth: The Great Depression: A Diary
    It's all here, times change people don't -the endless govt programs that fail to stimulate the private sector -the ups and downs of the economy, the veterans pension stimulates just as the housing credit did, until of course the money runs out -Roth is a attorney in Youngstown Ohio who kept a diary regarding the economy from 1930 until WW II breaks out, he is objective, candid, and forthright which is more than we get from Washington DC now or then highly recommended

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« No Follow Through - Back to our Original Idea | Main | They Will Fluctuate »

April 19, 2012

Comments

ndmaster

How do HGT and SJT earn better returns with NG higher? Aren't they basically NG pipelines? I am tempted to buy them, but not sure of the business model and correlation to higher prices.

TAMUSA School of Business

SJT and HGT are Royalty Trusts. They earn a portion of the income from producing properties. They are not pipelines like Enbridge. Higher NG prices would mean higher income. The danger is that NG prices fall low enough that the dividend is cut, but that might well be the final bottom.

Interestingly NG futures are down today but the price of these two has not dropped, but as Curly said in City Slickers, the day ain't over yet.

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