It's like they had to go in order with the lifeboats on a sinking ship, and felt it was necessary to get first class handled before anyone in steerage could be saved.
I read that and kind of disagree with the author. He claims the Fed moves as a huge success and all, but he misses the point the Fed detractors were making. Eventual monetization of asset purchases will indeed pump up inflation. It has not occured yet, but just wait for the monetization to really get going. Also, it's hard to see inflation take hold when the velocity of money is still at recession levels. That gets to the main crux of my criticism of the Fed. Yes, they moved heaven and earth to save our current financial system and goose the values of real estate and the equity market back to all time highs. Good on them for that I guess. But the velocity of money is a good tell on who the main parties are that benefited from this. It is not the middle class. It is not the lower class. It is mostly the wealthiest of the wealthy. Velocity of money remaining in the dumps is indicative of how much the bottom 90% of folks are still struggling.
give me 10000 shares
When does the push down to $ 12 begin?
Has anyone here ever had to pay UBTI, Unrelated Business Income Tax on their MLPs in retirement accounts? I hear people have many thousands in yearly distributions but the UBTI always comes out to less than $1000 so there is no UBTI liability. Any first hand experience hear would be appreciated.
Major MLP Advisory letter said SELL. Was a FLASH from the Chief Analyst. OTH, another INCOME Advisory Letter STILL has VNR. However, that letter was put out in later September.
These are not cheap letters.....but high priced letters do not often produce high returns....
Next week should be interesting for VNR and the OTHER Upstream MLP's....
I think you could be right about oil, indeed, that is my view (based on nothing but listening to the talking heads of course). But . . . sometimes it takes a big mess for the market to re-learn about a security. This week should have taken out all the margin holders who ran into trouble, you would have thought the shorts would have covered by now, the weak hands are gone. The company showed that $70 oil and $3.50 gas is livable, or worse, because they can make other moves, and this recovered some on a day the others were still faltering. In other words, oil could go to $75 without this crashing again.
Talk about bad timing, coming after a few poor quarters, and now a projected mild winter and not so strong gas prices.
You're a few week late to the party. Original poster bailed in the high $20s and then bought back around $22. Good timing as it turned out.
You say how in the know you are, yet fail to mention how VNR is one of the lowest oil producing upstream MLPs in the whole sector. Who cares about oil, keep a close eye on natural gas and the future hedges VNR has in place. I also have worked in the energy sector my whole career, but I fail to see how that has any benefit to predicting the price of any random MLP in the near or long term future. Mr. Market will do what it wants, I just try to be nimble and take advantage of short term opportunities as I can. If VNR does fall to say $16/unit, that would be a huge buying opportunity.
how all the talking heads have done nothing but talk about how we need a 10 percent pullback and now weve had one and they all say they are waiting for a pull back. while they are buying stock as they still try to talk you out of your shares. this is so they can get all their customers on board so they look good.
Time to bail? "Buy Expensive and Sell Cheap"
NO, NO Siree!!! Time to back up the truck ... This dip is just temporary, and in the meantime I enjoy their lush dividend.
Worked in oil gas for 35 plus years now. I have a little insight as to what's going on! Time with Exxon, BP, etc.
To make such dire projections you must have great insight or information..there are too many variables to guess what might happen unless you have connections with the almighty. Alternative fuels are still way off in the future in terms of replacing crude and natural gas. It is happening but at a very slow rate.
If you didn't get a chance to sell today, I suspect this is headed to 15-18. Oil is headed to $75/barrel. I am not a short and hold quite a few thousand shares. Sold some today as I am fearful that if the S&P doesn't close above 1895 today, we are doomed til February or March of 2015. Another major hit will come next week!
The announcement of the next monthly distribution to be announced either later today or on Monday.
Normally goes X-Div 3 days before end of month and is payable on or about 14th of following month.