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Buckeye Partners, L.P. Message Board

  • capnwickie capnwickie Jan 9, 2013 11:37 AM Flag

    recent price upswing

    nice to see the share price climbing back up but why such a nice bump up? haven't seen anything the company's done recently for the climb back up. glta

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    • Nor have I, was wondering if anyone else had seen/heard any news. It could be that BPL was just the cheapest of the decent quality MLPs. Despite paying very full prices for the GP and projects in the past few years, Merrill Lynch does project that modest (perhaps very modest) distribution growth could occur before YE 2013. Any growth with where the yield has been recently would make BPL a buy.

      Sentiment: Buy

      • 1 Reply to divyinvstr
      • I think you are seeing start of year dividend frenzy; many folks held off investing before finding out how the tax regs that our exalted masters settled on would apply to us.

        Additionally, and this is why I bot BPL at $45.3 on Dec 31, is that on a 2 year chart, BPL isn't a dime higher than it was 2 years ago, in fact almost *anyone* who has owned BPL over the past few years has, on paper, lost money, not counting divs. So, I figured it was being chucked out EOY. Bad for them, good for me. I found RNF and ARLP the same way looking for EOY toss-outs *ON* Dec 31. I've been very lucky so far, making the correct tossout guess, the giant market pump day, and the rush into div payers. Nice. IMO BPL has potential into the 60's. It has been there before.

        Sentiment: Strong Buy

 
BPL
74.92-1.06(-1.40%)Dec 19 4:01 PMEST

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