Energy Prospectus

To me it would be more interesting to see cash flow numbers for Li at current prices, which are much less than the $20,000 per metric ton assumed in their "potential" projections.

But, there is a threshold for "small" holdings. Married filing jointly are allowed a total of $50,000 worth of PFICs before having to file. Just found this tidbit a few days ago. This stuff is complicated.

In your due diligence, I suggest you consider that this Canadian company's revenue, as a royalty company, is basically passive under IRS rules. That means it is a Passive Foreign Investment Company (PFIC), which imposes substantial income tax filing efforts based on IRS Form 8621 and added taxes, un...

Keep in mind that the offering is by a shareholder fund, not by the company. This offering does not increase the number of shares outstanding or provide any money to the company.

I use HR Block, but I speculate that does not make a difference. The 1099s lump all dividends and other special treatments together, so you do not make separate entries for individual holdings, just the agglomerated numbers on each line of the broker's 1099 that has an entry.

A percentage is withheld (at the source) from the dividend payments to your broker and will be shown on the end-of-year 1099s. You may file IRS Form 1116, Foreign Tax Credit, for taxes withheld from taxable accounts. The tax software I use handles this easily. I do not know if you can get back any t...

They should withhold Canadian income taxes on the dividends. Don't rmember how much (flat 20%???). Your broker will report the withholdings to you, along with the gross dividends, so you can report both of them on your US Form 1040. Use Form 1116 for the withholding. Usually, you will get a 100% tax...

Dan, I just finished reading the December newsletter (edition No. 200 - - - - Wow!). It is excellent, as usual. I did note one oversight, though. In your writeup on Hemisphere in the Small Cap Portfolio, you did not mention that it pays a dividend of $0.10 CAD. That is 7.6 % of the $1.31 CAD closing...

$20 per GALLON, not $20 per barrel

<<Future SPR draws won't help much and can't keep going much longer anyway.>>
Besides, OPEC has signaled that they will reduce prodution to render them ineffective.

Copper prices on the futures market are quoted per pound.

Happy Thanksgiving to you, Dan, and the rest of the EPG bunch. And, thank you Dan for your efforts in keeping us informed and the investment ideas you progvide us with.

By the way, recycling of Lithium batteries is on the way. A small (tiny) Canadian company is well on the way to what they believe will be a very economic hydrometallurgical method of recovering a high 90s % of the valuable metals from Li batteries at a purity appropriate for reuse in cathode powders...

Dan,
You said, "EIA expects Asia, China and India to shut in about 250 million b/d of production". That volume musty be a typo, could you correct it, please?

Mistake 4. They did not attack the submarines.

Mistake 5. They did not attack the machine shops.

And storage is 105 bcf below the 5-yr minimum.

The symbol for Delek MLP is DKL.

I hope that the author's facts are better than his ability to compute percentages. He moved the decimal 2 points in the wrong direction, for a total of 4 places; so, the actual percentage is 10,000 times bigger than what he stated. Don't get me wrong, I do not favor gun control for the basic reasons...

Check out Slide 6 in the presentation this morning. It shows utilization of their mines by quarter from 3Q16 thru 4Q17. They report only 1 mine fully utilized in 3Q16, growing rapidly (except for a plateau from 4Q16 thru April 17) to their projection that all 5 mines will be fully utilized in 4Q17. ...

RBC fixed my account Thursday night. Looks as if this is getting fixed 1 outfit at a time. Will be nice when the charting outfits start showing the reverse split.

Merrill Lynch finally posted my LONE shares after hours day before yesterday. My account that goes thru RBC gave me a regular 2 for 1 (instead of a reverse 1 for 2) split of LONE shares after hours on 5 Jul, but they still have not fixed that error.

My shares in a Merrill Lynch account are still the original amount of LNREF (no response to the reverse split/new symbol). In another account with a different broker, the shares are LONE, but they have given me twice the number of old shares, instead of one-half the number of old shares (the intende...

Thanks, Dan

Dan, I read the announcement with interest. The smaller size and increased capabilities of the new tools sound encouraging. But, notably, the announcement said absolutely nothing about results, i.e. effect on productivity of the well - - not even a mention that production testing of the well was und...