Hell, I bought it in the low $30's.....getting too pricy here. Buying RDS B 7% yield and much more upside potential...also, XOM on dips....good luck to all.....anyone else taking some off the table here?
I understand you wanting to take some off the table, but remember you'll have to pay cap. gains taxes on the proceeds, and although RDS may be a good oil stock you merely swapped one company for another and lost the tax advantages IMHO.
Morningstar's Pat Dorsey had a 50% increase for Etp in 2 years when the stock was at $45 - this was around Feb of this year. Sell covered calls if you think it getting ahead of itself. Or sell your shares and write/sell a put on Etp to lower your purchase price. I also think that the oil stock are a buy at current levels. Of course so are a lot of other good stocks.