Crude oil going down is a factor, but oil goes up oil goes down- been doing if for the last up- teen years.. TPLM's update on their website says they have about half their oil hedged in 2015 and the ability to hedge up to 85% in 2016.
So one has to ask is TPLM selling at a discount to the market now at 11.60 with crude prices at an 8 mth low and if it is what will it trade to when crude goes back to 100.00- which is not a matter of if just when.
You may be correct tzietow on an individual oil stock but the over all market appears to be trending sideways looking for direction. I do not like the price action today. Yellen comments have done nothing to help. I know everyone expected that she would stay dovish but recent history even with expectations of that have pushed higher after the Fed Chair confirms with one exception. This is not bad but I don't like it . I bought 2 dividend plays this week and I am having second thoughts if my timing was correct. Oil is capped until pricing settles. imo. I am thinking of selling more TPLM . Not all but if the sector, oil pricing, and market timing indices that I use break down I will sell some more.I love this company but I am a trader not an investor in the buy and hold no matter what class.