BHP has interest as we all know in this industry. i happen to agree, it would be crazy to go forward w/ jansen; taking out MOS is a diversified income stream with a MUCH better balance sheet than POT, a former target of BHP. that being said, there are factors we don't know about, maybe as simple as BHP ego, etc. and i hate to buy on 'takeover target' hopes. it just doesn't work. i am a buyer of MOS though based on fundamentals at these levels; its probably dead money for 24 mos i'm guessing. the higher PPS goes however the less interested BHP gets, IMHO. if i was so smart i wouldn't be posting here, thats for sure. GLTA.
fair enough - i know lots of people loathe ETF/ETNs. don't have enough of a handle on it myself which is about a sure way to get screwed without even knowing it so i understand. when in doubt do nothing.
liza - curious to know your opinion on the alerian etf/etn options, such as MLPG? you seem to have extensive knowledge in this industry/sector, i recall u from pvx days. i dabble and have done well but am self employed that takes much of my time and energy. thinking of switching from individual names such as erf to a broader fund as much as a hedge as anything as i do not always have time to stay abreast of each company. not exactly a great entry point just now but i think we'll see a reversal in the mini-boom in nat gas price and may move then. any thoughts appareciated ty.
i understand - at least i think i do - the rates situation, the cash buildup situation and the payout cut. however, this has become just another expensive bloated mutual fund. i don't need to pay anyone to park $$ in cash. i'm not the sharpest guy in the world but i can figure that much out. this used to be a fabulous place to put some money - even significant amounts of cash - but now i'm out. other funds aren't cutting payouts and are managing the situation, check out loomis sayles, another high quality fund. i realize the approach philosophy isn't identical but come on, why does gundlach think people are going to pay a premium to have their money sit in cash? isn't that why he makes the big bucks, figure it out, others are. there's better places to put your $$$ now, that wasn't the case a year ago.
ok ok i misspoke: 2% annualized basis, so throws of 1/12 of 2% monthly; sheesh. still, i don't get all the hype here. its ok, it does its job, but this product has been around for eons is all i'm saying; i think its much adieu over the PIMCO brand as much as anything;
i get why this is attractive, but there are plenty of low expense products that throw off 2% monthly income; not saying this isn't a good product but i'm not seeing how this is all that different or new; to read about it you'd think this is a sea change in the investing world; i've done some DD but obviously not an expert here, thoughts?
bingo!! i just posted on this a few days ago; our gubmint is literally driving them out of business; its on purpose, its to drive prices up then obama magically releases SPR just before election; its just sickening; there is not a great future in the refining business in this country, imo; too bad cause those cats know how to do it profitably if left alone;
couple thoughts here: i have been giddy-excited about COP until cartoon cramer pumped it; once its on his radar, the run is over, IMO; more importantly,about 2 yrs ago i shitfted my investment porfolio entirely into the various oil plays and tobacco; i've made more $$ that way than in the last 10 years combined; i have an acquaintance on the refinery side, i'm no insider, but i see him about 2x per month at the usual cocktail receptions; bored with the usual polite drivel, we usually find a corner and start talking about the refining business; the refining business in this country is DEAD and it ain't comin back any time soon. this is not a political statement - i ONLY care about making $$$ - but it would be fair to say its plannned. this fact plus cramer's pump means its time to take profits here. just my opinion. GLTA.
i like what i see so far here but still trying to get my head around it; what is the primary driver of price fluctuations in your opinion? can't really get a read on beta to oil vs. rates vs. market generally; all play a part but experience tells me usually there is a single driver that stands out more than the others. not a lot of volatility here considering the market these days but wanting to be careful with these private partnerships. thanks and good luck to all.
a compelling case could be made that PPS should bounce in times of oil schock prices, like now. this was the impetus behind my last post even tho most on here predictably assumed i was under the impression PVX was a producer. i'm not. but PPS should arguably bounce with oil b/c the value of what PVX does just went up dramatically to the rest of the world. just as gold and water become more valuable in times of duress, so should - arguably - this co for a number of reasons i won't list. when it did not spike as much as i would have liked, i closed out. for my money, the mo is not here. we've had historic events with no commensurate share price appreciation. perhaps its related to pvx hedge position which i do not know as much about as i'd like. just my $.02. we'll see how long it takes some knucklehead to post that i don't understand what business PVX is in. i'm ONLY here to build wealth and right now i don't love the opportunity here, that's all. GLTA
oil up 8% and pvx gives up ground? bad sign, the mo is out of this one. i hate to close out as i have loved this for several years now and may get back in in future but if we give up ground today = bad sign
yeah, i mean that was my point. i'm not looking for a quick buck and i know what being patient means. i just don't think there is any correlation b/w the basket of commodities and dba. somebody is getting screwed and the smart $$ has already figured that out.
i still like commodities, long term i'm bullish. however, i've been waiting for break even and i hit it today. u cannot make $$ in this unless u are a day trader and have time to hover all day and trade slight fluctuations. i'm not necessarily buy and hold forever but boy was i ever wrong to invest in this POS. never seen anything like it, commodities of almost every type have gone up last 2+ years but dba barely moves or goes down. must be carry cost, not sure, i'm just thrilled to get my $$ back and i'm out forever. GLTA
i love this stock, but am out for foreseeable future; obummer has himself a gift wrapped and neatly tied scapegoat; nobody knows how bad this can be but almost every account i've read today indicates its probably worse than imagined. couple this with what i believe to be a correction coming in oil market and this stock doesn't have ANY upside for a long, long time; we're at least a yr out; i've been wrong before and may be now but my money is out of this one.
this is such a dumb question i doubt its legit; the 2 companies could not be much different; that being said, i'll jump in; for a pure money play, i don't see how anyone beats pm, from a speculation play (ie weakening dollar play), from a value play or from a divy play; i also own mo but not nearly as high on it, the libs and lawyers will pursue and crack it eventually; then we'll all "wonder" (and by wonder i mean the brain dead MSM) where all the tobacco ie farming jobs in this country went; sometimes i really hate this country and its hard for me to say that; peace, good weekend; time to have a cocktail and pretend everything if going to be fine;