the retail crowd is dumping not the institutions. For one there is not many institutions in this co. Retail sees 7 cents loss and run for the hills. It was 3.5 cents due to accounting and the rest results in not getting the money working. These guys are smart and been around alot longer than most BDC not to rush things until they see opportunity.
Sentiment: Strong Buy
Have read taxes are only some of the problems. Gov is no help and geology of areas are pretty tough to drill. Do exist shareholders get a piece of this spin-off and if so what might be the distribution compared to my holdings of BBEP, MEMP?
Energy Transfer Equity (ETE +2.1%) is maintained at Outperform but with a higher price target of $100-$103 vs. an earlier $83-$86 by Wells Fargo, which sees upside from ETE's proposed liquefied natural gas-focused MLP.
Sentiment: Strong Buy
Most oil and gas companys are holding billions and billions of mature oil/gas assets that do not fit into their long term plans. This is a great place to be with Memp and others who will purchase these wells at bargin prices and reap befefits for years to come.
probably below closing price but not above for sure was told. R. J. is one company in the offering, so no commission for me if you get your order in tonight. They get 9% of the offering. Amazing value!
Good luck to all tomorrow
just called co in houston-no price was given but she said will know offering $ real soon. She said could take several days but I question that. Offering has to be close to price right now- $20.?? Hope that helps for now
I have several of these papers near me in Michigan and they are virtually worthless and a laughingstock in the community. Over priced and bad writing.Only good for rapping fish in. Just stick with commercial underwriting and end it there! There will be millions and millions of seniors wasting there hard earned at these nursing/assisted centers so why not finance this area?
forgot to mention according to Raymond James, BBEP does not send out a pre -notification like almost all other companys do.
Good luck from the bankrupt city of Detroit
Over the course of this decade, upstream MLPs will acquire mature oil and gas assets and convert them into
stable, predictable, long-term sources of cash. This is what makes their story a compelling one. Unitholders in the best of these partnerships will enjoy very high, stable and rising distributions for a long time. It will be a lucrative ride. Big oil in 2013 will unload over $26 billion in mature assets to invest in high growth projects.
Enjoy the ride folks in MCEP,LINN, BBEP and others
Just got thru to I.R. Getting lots of calls. No news releases. They did call around to their sources and nothing unusual. Did ask about stock trading and they also looked into it with nothing coming back negative. NAV of $12.75- do we go there?
How can you buy more when we hve no idea the cause of the weakness? Around 2pm saw good volume but nothing excessive. Down from there then some larger blocks-still nothing lrge. No news as of 5:50. Recent articles have been positive. Those poor ones who bought the last IPO. 10 months have vanished
I will be calling them first thing tomorrow.