Ruby - could it possibly be that Line's assets have a lot more potential resale value than the waterflooding assets of MCEP?
There's a decent discussion on seeking alfalfa about the upcoming redetermination. Go to the last article on MCEP, discussing the Wunderlich price target reduction, and about half way down the reader's comments, you'll see it.
After the hit pieces in seeking alfalfa the last few days, it makes me want to buy more. One dingleberry mentioned the 5's in a comment section...we could only hope. I'd sell my Ferrari to buy more, but then I'd have to dust off & grease up my old Lotus slot-car to replace it.
I read on Seeding Alfalfa that the Mexican oil trade could be a precursor for a full lifting of said ban. This seems to be the only negative on the lone positive part(refining) in the horrific oil sector.
I wonder if their GP dropped down a load of manure onto MEMP and then sold all their shares a few months later. I certainly can't prove it, and perhaps it is unprovable, but it does seem suspicious. It could be a reason for the seemingly unreasonably high costs?
Look at the 5th item down of the Headlines on the summary page of NTI. It's called the 8-K. The distribution declaration is item 8.01, 3rd paragraph down. It was $1.19 instead of $1.18.
I thought Coop's comment on reverse splits was on the mark...it's always bad. The shorts will have a field day after a Cohen R/S...like a fat lamb to the slaughter. I might buy @ $8 after the split.
Sorry that I don't have suggestions or answers, but I have a few more questions.
1) Is the current sell-off of interest sensitive assets, anticipating the Fed increases?
2) If so, will said assets increase in value once the increases is announced?
3) Or will a liquidity crisis ensue, making for spectacular buys?
This morning, you said oil would be selling between $30 and $55 for the next 10 years and all E&P MLPs would cease to exist. Why did you remove that post and why are you now posting this 'happy' garbage?
Thanks CC. I sold my ALDW on Friday, which means it will immediately take off to $30 in no time. I'll take your sound advice and not rush into more MCEP units at the moment. When I started looking into the trade, I could buy 3 units of MCEP for every unit of ALDW...now it's almost 7. SHEESH.
With a $116M market cap, one has to wonder if there's enough meat on the bone for PE, hedgies, or IBs to care. If I knew the Olmstead's personally, i. e. knew them to be tough #$%$ I'd sell my ALDW and triple my sharecount. As it stands, I'm waiting.
1) Where are we w.r.t. the unit repurchases?
2) How is it going to effect the dcf per unit?
3) Have you considered asking the banks to increase the $150M?
4) Any rumblings on distressed land/lease sales?
5) Is loe coming down nicely?
I hope they're on top of everything for the August cc.