Looks like any of us still holding will have a chance to get outta PAA with profit today. I'm thinking I should do that, rather than let a O win sink the spirits of oil and gas. Any thoughts out there?
I dumped my PAA for BE when it touched 45.75 and I don't see any more upside in it. Still have EPD NOV & DEC's, and have some hope that it will bounce to around 53.90 before Nov. OPEX. CQP is worthless at this point.
Not really any advise, but that's how I'm playing it as of this writing.
I was intrigued by the div & started a tiny position ~1 month ago.. heres the blurb I got today about earnings, is this accurate?
CQP reported 3rd quarter 2012 earnings of $0.04 per share on November 2, 2012. This beat the $0.04 consensus loss of the 2 analysts covering the company.
Unloaded the last of my MLPs this past week. Net losses were in the 25% range as I had winners in ETP and EEP. Not being able to sell CQP on Monday really hurt. I think I am now at a net net negative on MLP option investing. Have done really well, over time, owning the units. Will think pretty hard before reentering the MLP option market.
I'm trying to forget I still have that one! unloaded 2/3 of it on last Friday for a loss, but the rest is almost worthless at this point... Hoping EPD fills the gap around 54 in the near future to make some of that up.
Yep. And I did something insanely stupid (perhaps), I doubled down at ridiculous low prices, to see if we get a run up after Monday like EPD and PAA saw... This way I only need a 50 cent move to get back towards breakeven (I was almost at a 90% loss anyway)...
fyi- I dumped last week (MLPs) for bout 60% loss. Conversely I hope we have a nice run-up with the Reits this next time around, make some of the loss back. I'm hanging my hopes on WMC and AGNC, I dipped in a bit last week (some Jan Calls and equity) but not too much exposure til post elections, then layer in on any big dips.