Keep in mind energy producers still need to transport and store product. If the price is low there is less margin to play with. It cost less to transport over a pipeline then by rail car. My point is even if a producer goes bankrupt the entity that buys the asset will still need to use the pipeline and I am not sure why a new contract with a new company would mean a lower price. Please help me understand that correlation. GLTA
A sharp selloff at the start of the year left crude prices hovering around $30 per barrel, below break-even levels for most drillers, fuelling expectations that many may seek protection from creditors this year.
"That means they will have an opportunity to renegotiate or cancel many of the long term contracts they’ve signed with midstream players," said John Castellano, of Chicago-based AlixPartners. "I think that is the next shoe to drop.”
You have to be in the stock the day before x day, the x day is when the div gets subtracted from the stock price, like it pays a dollar a share let's say. The stock will drop 1 dollar that morning on x day. You now have the div. but won't really see it in your account until the pay date, usually a few weeks after the x day. When the stock recovers the dollar lost, then you make a profit. If it does not recover from the dollar drop, you break even. It if falls more than a dollar, you lose money. Make sense?
would appreciate any help on this subject as the etp shareholder services was not very helpful. does anyone know how much the ubti was in 2014 for a reference point ty
According to the EIA, total U.S. crude oil storage capacity totals around 521 million barrels. Of the total that the agency reports as storage, however, are approximately 120 million barrels of “storage” in pipelines,
So if oil gets backed up into pipelines whats that do for ETP ????
ETP should be reporting good coverage in a couple of weeks. I think hedge funds are going to pile back in once they see the pipeline tollways are intact.
The ex-dividend date is usually set for stocks two business days before the record date. If you purchase a stock on its ex-dividend date or after, you will not receive the next dividend payment. Instead, the seller gets the dividend.