• Teekay LNG (TGP) merger closed. Reinvested funds in KKR Real Estate (KREF) & Capital Southwest (CSWC)

    Teekay LNG (TGP) merger closed. Reinvested funds in KKR Real Estate (KREF) & Capital Southwest (CSWC)

    On January 13th Teekay LNG completed their merger with Stonpeak and paid out $17.00 per common unit to shareholders. Teekay Corporation announces the closing of the previously announced merger of Teekay LNG Partners L.P. with investment vehicles managed by Stonepeak. As part of the Merger, Teekay sold all of its ownership interest in Teekay LNG,…

  • Exxon sets 2050 net zero carbon emission goal… sort of

    Exxon sets 2050 net zero carbon emission goal… sort of

    Not that I’m for this kind of feel good nonsense, but, if this gets the crazy environmentalists off their backs I’m all for it. I worry they will just want more. The oil giant said Tuesday it had developed detailed emission-reduction plans for major facilities and assets and can profitably navigate the nascent transition to…

  • Microsoft to buy Activision Blizzard for $68.7 billion… all cash

    Microsoft to buy Activision Blizzard for $68.7 billion… all cash

    The deal, if completed, would sharply expand Microsoft’s already sizable videogame operation, adding a stable of popular game franchises including Call of Duty, World of Warcraft and Candy Crush to Microsoft’s Xbox console business and its own games like Minecraft and Doom. Microsoft said the transaction would make it the world’s third-largest gaming company by…

  • 7% inflation… Oh My!

    7% inflation… Oh My!

    Inflation at 7% in December, Some large billion dollar companies down 20% off their highs, U.S. truckers may not be allowed into Canada dominated and much much more!

  • What can happen when a fund grows too large?

    What can happen when a fund grows too large?

    This is something I never knew or considered. When an ETF is very large every purchase or sale makes bigger moves for each individual holding thereby effecting the price of that holding in ways that might be bad for the fund. What about ARK? The firm grew so big so fast that it quickly ended…

  • Inflation hits 7% in December 2020

    Inflation hits 7% in December 2020

    U.S. inflation hit its fastest pace in nearly four decades last year as pandemic-related supply and demand imbalances, along with stimulus intended to shore up the economy, pushed prices up at a 7% annual rate. The Labor Department said Wednesday the consumer-price index—which measures what consumers pay for goods and services—rose 7% in December from the…