skinz, that's asking for a lot, at this point. Hope earnings confirm advances,
I have been here with these stocks before, but this situation is different.
The whole group was extremely oversold and overdue for a rally. I just hope it continues for longer than a few days and doesn't fizzle as it has in the recent past. Fundamentally, nothing has changed. If this signals a change in investor sentiment, there's a lot of room for the group to have a really nice run. I won't feel comfortable until EPD gets over $36 and MMP gets over $80.
cheapest MLP, with the most potential, today
Extreme potential actually, as we have noticed in EPD reviews.
Check out MLPL if u have "stones" for the steroid version of the Energy MLP sector.
There are a FEW brokers that participate in the 5% discount DRIP, but mine is not one of them. I had to move my units over to Wells Fargo. I'll move them back to my regular brokerage if and when I sell, because Wells Fargo charges a horrendous, outrageous, obscene commission.
I was under the false impression that buying "low" and participating in the DRIP would be a profitable move, but so far I'm down by about $75,000. That's even after a strong day today, but as the saying goes EVERY DOG HAS ITS DAY. I sure don't feel as if I've made out like a bandit.
that's odd...because in order to get the discount, I was told I had to go directly through the company's agent. I hold EPD with three different brokers and all said the same thing.
I don't have a crystal ball -- but I really don't think that OPEC want's Brent below $55-60 or WTI below $50. As I understand it at WTI at 60-70 is around break even or minimally profitable. The heavy oil sands in Canada also are unprofitable when Brent is below 60. The Saudi's don't want Brent at 30-35 -- they can accomplish their objective (shutting down US production) by keeping oil at 50-60. Any thoughts ?
Wasn't meant to be as you speak. Sorry you took offense. But, if you chart out EPD I think that you will find what I indicated is true!
Preston that was a ignorant condescending post. Everyone has jumped in on top at some point and had to learn there lesson.
Contacted my broker to start a drip into EPD with the 5% discount. Am averaged in at 29.86....