% | $
Quotes you view appear here for quick access.

Genesis Energy LP Message Board

  • hachi05man hachi05man Aug 25, 2012 9:17 AM Flag


    How about this statement in the GEL presentation on Aug 22: ..."Lease 80 refined product rail cars. Taking delivery of 100 leased crude cars for 2012 and 400 in 2013." Wow! Rail cars hold like 600 barrels of crude so we are looking at 300,000 barrels of crude capacity running around. And in 18 months going from a fleet of 80 railcars to 580 railcars is impressive. Our GEL is growing up! Regards

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • hi hachio
      some baby huh glad u emailed me
      i didnt want to mention this on mwe board cause dont want to be viewed as a pumper however i have invested in a new mlp it pays variable but has a great product a refiner in the mid west that uses canadian oil gets great cash flow plus has some stores that retail other products.
      when u get a chance give me your opinion the symbol is NTI.i wanted a new position and amid didnt do it for me this one did.
      now back to our baby its becoming a truly impressive company and to be honest over the next few years will on a percentage basis out grow our beloved mwe.
      mwe is just going to keep on issuing new stock as well as take on debt to feed its huge ambitious plans.
      i just dont see the growth for the next several years especially if the exalted one is reelected.
      however im not a seller and am hoping for a large pay off in the distant future.
      but imho gel is here and now and still under the investing communities radar.
      that item i read regarding those rr cars is amazing.
      its my second largest position and i feel within the next few years,or even sooner ,will exceed mwe dollar wise in my folio.
      i wish i had kept epd,mmp and plains i had size in all three what a mistake however no looking back and im hoping gel does it for me.
      by the way did u see the evep news regarding their utica drilling this co.could be a killer however in the same vein im thinking that news must be good for mwe.
      as usual look forward to your posts.
      looking forward to your opinion on NTI.
      good investing

35.64+0.19(+0.54%)Sep 23 4:01 PMEDT