Made about 30 cent upside on their last play. Have any of you traded with Ultimate Stock Alerts? They seem legit. Thanks in advance.
By the tone of your comment it sounds like you are getting crushed too. Its either that or you are a knucklehead.
MVO is a pure play on oil prices. Where have you been for the last 12 months, hiding under your bed ? Haven't you noticed that oil prices have crashed ?
I'm confused. How come MVO received $46/barrel for their oil in the 2nd quarter ? Is it because MVO is delayed in their recognition of revenue ? ie: Oil sold in February is paid for in March.
I've got the distribution at closer to $0.40 based on average price of $55/barrel and costs of $27/barrel. This dividend level would make MVO worth @ $9.69 per share. Its getting pretty close to that now.
I have a spreadsheet that I use to attempt to predict the next distribution. Since the distribution is based on Mar - May and the WTI average price is already known, the only unknowns are Total Volume, Discount, and Cost, LOL.
My spreadsheet predicts the next distribution will be $0.31.
Announcement should come first week of July.
that is the point. WTI spot price doesn't want to break above 60 and actually stay there. Everyone's forecast here seems to start at 65 dollar oil and go into the 80s. Unless Iran nukes Saudi Arabia, fishing in the batthtub is likely to be a better bet than an oil trust. Fishing in your apartment complex's hot tub may have better results than either of these strategies.
I'm gonna jump ahead of everyone and point out if WTI goes to 250$/bbl then this statement is not true. There are a lot of oil bulls charging to the Yahoo Slaughter house. Giddyup!
How do you propose trading the options? with the wide bid ask spread, it doesn't seem like you'll get a decent price (Long or short)
Remember that 8.7% is not a yield, this is a depleting terminal trust so some of that is essentially return of capital.