I’ve been a busy, busy bee this week, and will be offering you no apologies for my absence. To the contrary, you’re welcome that I’m bothering to throw you table scraps at all right now. For my time is precious.

Here’s the big takeaway; I still have a slightly oversized cash position, but don’t really seem to be hurting at all from it.

BAS is up 16.40% right now at the time of this writing. This lift is being driven by guidance from the company suggesting that natural gas drilling budgets are coming back strong. BAS was very undervalued when I started buying around $12 and I made that very clear – the firm was poised for outperformance. There ability to generate cash guaranteed them a winner.

Now we’re just collecting my winnings. My position is up 95% from initial entry, and my total realized and unrealized gains together stand well over 100% from trading activities. I have a full sized position of about 10% my net worth in BAS, and accordingly am free not to care that I am sitting on so much cash. It doesn’t matter.

I am not selling my BAS shares. As the natural gas sector thaws, BAS will be the recipient of an immense payoff.

Today witnesses HCLP stretching towards $40. I made this purchase in the middle of August, reasoning that oil field services involved with fracking will be the tip of the spear of the next decade. HCLP produces a very popular sand used in the advanced energy extraction process.

Between then and now HCLP settled a long standing disagreement with one of their buyers, picking up a huge contract along the way. And the company grew business 218%.

These equity returns are a big deal, as they annualize as if HCLP is pushing >190% upside this year. My opinion is that the partnership is going to $100 and above.

Quality names like HCLP and BAS are buys that needs no pullback, with an indefinite sell point. They are going higher.

Although my 40% cash position may create the illusion that I am missing out, such a view would be misplaced. Careful allocation and selection on my part is gifting me full participation in today’s excess in spite of recent reservation.

BAS is up 7.29% at the time of this writing, as the natural gas cycle makes full leaps and bounds forward. As I told you it would transpire, this is where your money must be at for the next 10 years. Companies and partnerships like BAS and HCLP will grow at unprecedented rates, facilitating the United States of America back to Her rightful status as Greatest Country and Loan Superpower on planet Earth.

HCLP is also up 2% and taken altogether, my portfolio is up .9%.

As for the excitement about Yellen, I don’t fully understand the sentiment. If you go back and read or listen to anything from Yellen, it’s pretty clear she has been consistently more in favor of Federal Reserve supporting markets and the economy than Bernanke was.

Despite that, there is good reason to believe a deep pullback may come soon enough (first half of 2014). We can’t all be millionaires.

UPDATE If you followed my initial purchase of BAS on 8/16/2012, you are presently up 65% on the position. If you’ve been trading along with me inside The PPT, you are up far more.

I sold out of my entire MAA stake for $66.74. That was the position I received for my shares of CLP when they were acquired. I feel the need to raise cash and that was a good position to trim.

I also paired back my shares of CCJ. They dropped guidance for expanding the uranium mining. I don’t think it matters – they basically said they’re working to force pricing higher by refusing to mine at these ridiculous prices – however, I think the stock keeps getting beat down. It’s just the way the uranium market has been trading.

CCJ is now 18%, down from more than 20%. Cash stands back at 40%.

Look this is quite straightforward. This partnership is trading at a paltry 14X income and just tripled in size inside of one year.

And a cursory glance immediately revealed another 15% growth just sitting in the pipeline; unaccounted for as of yet. As in, without trying – whammy – have another 15% growth guy.

“Why yes, I believe I will, thank you.”

Just having this trade like the high growth play it is, for 20X income or more, sends it to $50. Add in the 15% growth I’m seeing (and will detail later) and you’re at $59. And that’s before the company even does anything.

This thing is easily going above $60 for a partnership unit. That’s 66% higher from where it’s at right now.

My cash positions rests above 30%.

AEC’s most recent performance was solid, and the earnings call clinched it for me.

This company is too cheap and literally everyone knows it. Above and beyond the consistent and regular return they’re pulling in, there’s chatter of “realizing the portfolio’s true value”.

With a company this size, in this environment, I can only reach the conclusion that means a corporate buyout is looming.

Their CEO and main shareholder is old. Friedman can’t be around forever. And his company’s management have proven themselves over the past five years to be highly competent. The move to separate their debt covenants from their properties in 2009 alone was probably the smartest move of any real estate company around.

So AEC is going to start getting some real attention from larger companies, who are sitting on piles of cash and looking to keep that shareholder growth coming. CLP getting gobbled up by MAA was the first, but it won’t be the last.

Cash stands between 30-40%.