Look at LINE today. Stocks are not isolated entities. They move as a herd and the herd is going over a cliff!
The best one can do in such situations is to sit on ones hands and watch safely from the sidelines.
When there is a PANIC get out of the way. Then after the last buffalo has stampeded over the cliff - it is again safe to walk the prairie and buy.
Be nice if this #$%$ fund would just blow up and quit selling NGLS at a stupid level. This stock should be above $50. Crazy it can't hold $40
Markets can do whatever they wish. Even so, there is an announcement of the next dividend and it is a (small) raise from the previous. The various media will spin this however they choose, but I am happy to keep my shares and may add a few at this price.
Cramer said this morning that MLP's will head higher when a firm(i am hearing about) "blows up." Fits in with comments the other day about leveraged closed end funds forced selling. In any event, non company specific selling and a nice, seemingly secure dividend, and possible M&A target say good place to buy.
That news is being reported on CNBC and other venues and makes perfect sense. These leveraged closed end funds get margin calls on their holdings and must liquidate as stupid investors who bought them are being told by "advisors" to sell before the Fed raise. Its all wall st BS of the highest form.
And, selling breeds more selling.
how is that known? the price of NGLS right now is crazy low now but crazy is crazy and who knows how low it will go. This is about the only stock i am buying now.
Now known the source of unrelenting, mindless selling is coming form leveraged closed end income funds that MUST sell. This is not company specific. Just nonesense and will reward smart buyers here in the long run.
ngls doesnt listen to wallstreet bs. they raise divy and not one post or the same old is my divy safe. should ngls go up tomorrow absofreekinloutly will it who knows. all the horse manure that this stock has been through you would think this stock deserves a little attention, but there will always be some deep dark information that some short moron only knows and is willing to share it with the world to save you from this beastly scarry stock. each quater holders wait to see if their precious ngls will raise the divy and just like clockwork another raise. so run if you must or buy some more makes me no difference , but my questions have been answered once again about ngls.
I suspect that an EPD aqusition of Targa would run afoul of the Feds' anti-trust folks...the combined fractionation/NGLs export position too dominant..at this moment LPG export market share of the combination probably above 90% . As far as GEL goes, a better combination would be GEL and Martin Midstream (MMLP)...the match particularly in the marine and sulphur areas would be perfect.
dont know but im waiting for the tesla pu since they pulled up all the pipelines and closed all the oil wells. also raising some hamsters to turn gen wheels to watch tv.
NGLS has moved up on the MWE buyout. $15B+ buyout cash and stock by MPLX including the assumption of $4B in debt. What does that make NGLS worth on a potential buyout?
According to SEC filings Corporate officers cashed in some sweet stock options recently -no doubt for a job well done on an approximately 40% stock price decline in a year. Great decision to pass on a $60 buyout and instead but Atlas. Hope Sandridge doesn't go belly up as they were one of Atlas's largest customers in OK....just sayin....