oil hovering in mid 40's. The more folks say to hold off investing in oil, the more I am buying. They want our shares cheaply. They are not afraid, they are buying and not putting the shares on the market to support stock price because they are still buying. Remember buy low sell high .JMHO I'll collect distributions and buy more and wait for oil to rise and it will.
because of the economic issues in europe and energing markets demand has slacked off.
once demand picks up prices should rise.
however this may take quite some time and i feel this present phase could last quite a while.
i rather be late to this party then much to early.
I understand. I own a much wider array of MLPs. I feel comfortable with most. I still ask the question, if we have a glut of oil, It has to get to market. The pipelines ought to be full. Obviously producers are suffering, but rig counts are dropping and given time, the supply-demand issue will sort itself out.
rrb nice to see u
i took profits in small positions and losses also.
not worried bout recapture.
however the days of blindly holding imho are over.
there is a glut of oil and gas.
till that is absorbed it cant be ignored.
have a chest full of cash waiting to deploy however at this stage of my life very patient.
principal protection number one with me now.
will repurchase ete and dpm when and if time right.
not selling anything else however mwe was to large a position for me to carry slimmed it down took profits.
still holding a large but more manageable amount.
holding mwe,gel,ngls,glpand mmlp in that size order.
best of luck to us and to all board members.
Nice seeing you here. I have sold very little of my MLPs.
I won't dare call a bottom, but I feel that we are nearing it. Some of this is panic and some of it is simple supply/demand. Long term, I don't think the world can be satisfied with $48/bbl.
Genesis just raised the distribution, a good sign.
nice seeing u back on board
i agree with u problem here is low float and anything associated with energy is bad.
havent sold here.
did sell 40%of my mwe took profit still sitting with a boat load.
sold entire position in dpm at a profit will renter if it goes below 40.
still sitting with lots of ngls.
all the above painful with no end in sight.
have no idea when it ends.
holding glp and mmlp.
not selling either.
my next repurchase as stated above is dpm.
all the best
GEL sending a message that handling refined products,hauling crude,and providing sulfur disposal different than exploration and processing. ..a well managed MLP...