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Boardwalk Pipeline Partners, LP Message Board

  • delphioracle2009 delphioracle2009 Feb 19, 2014 11:15 AM Flag

    Would BWP close above $14/share today (02/19) ...

    The margin calls that was triggered by the implosion of BWP on 02/10 has all cleared out by yesterday (02/18) ... Would BWP close above $14/share today (02/19) ...

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    • Unfortunately, this is not a positive story for the rest of this year......nothing to drive price up....I think you will continue to see moves like we saw in the last few minutes of the day yesterday --- big volumes still wanting to move out but at the best price possible. If you read the earnings call transcript -- there was not 1 ounce of good news currently or in this year's forecast that would encourage anyone to invest. Especially discouraging were the repeats of how competitors have pushed them aside; and now Boardwalk doesn't even know if the Bluegrass Pipeline is viable. Even when asked to add up their numbers to cover their debt (asked a couple of times), management couldn't do it and would cut off further discussion on it by saying - 'We don't know what is going to happen in 2015' ---- so they have no plan or strategy or no clue.........This boat is dead in the water for at least 2014 and it maybe being set up for a fire sell. Can't imagine anyone in management, either Boardwalk's or Loew's, would have done something like this without it being premeditated. However, It certainly didn't effect any bonuses at the top. "Let's rob the unit holders first" mentality - just disgusting!! ----- this stock is a 'dead man walking'.

    • As all margin calls seems to have cleared out by yesterday (02/18) ... Would BWP shoot above $13.5 in next couple of hours and above $14/share before market close today (02/19) ...

      Let us see ...

 
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