Recent

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

EPL Oil & Gas, Inc. Message Board

biker_dick 17 posts  |  Last Activity: Jan 20, 2016 8:29 PM Member since: Feb 1, 1999
SortNewest  |  Oldest  |  Highest Rated Expand all messages
  • Reply to

    Why the big drop?

    by pmr12263 Dec 17, 2015 10:49 AM
    biker_dick biker_dick Jan 20, 2016 8:29 PM Flag

    The energy news I subscribe to recommended this as the best holding for 2016. I never owned it but purchased 5,000 shares for $8.50 today. Will purchase more on dips.

    Sentiment: Buy

  • Reply to

    Cramer Says No to NuCor

    by nellarl Jan 17, 2016 2:11 PM
    biker_dick biker_dick Jan 19, 2016 4:27 PM Flag

    The major impediment to US steel making is ridiculous regulation. It's almost impossible to mine coal, or anything else and be competitive internationally. Prior to going to college I worked as an iron molder in a foundry; dirty, hot, and dangerous. Today a foundry like the one I worked in would be shut down by OSHA and a dozen other government agencies.
    If Germany can make steel competitively we sure can if the government regulators get out of the way.

  • Reply to

    $17 is coming

    by cnbcsuckz Nov 12, 2015 10:53 AM
    biker_dick biker_dick Dec 15, 2015 10:22 AM Flag

    Crack spreads are over $15 for Dec., Jan., and Feb.; and over $20 for March, April. CVRR is purchasing oil for $0.80 a gallon. The reason gasoline prices are decreasing is because hedges are coming off. Minimum divi. for 4th quarter will be $0.50, probably more.

  • Reply to

    Going to single digits

    by heatwinagain Sep 28, 2015 11:14 PM
    biker_dick biker_dick Dec 4, 2015 10:04 AM Flag

    ETP moves more NG than oil; and NG volumes are increasing.

  • Reply to

    Will $33.13 Hold This Time?

    by t4two45 Dec 3, 2015 11:58 AM
    biker_dick biker_dick Dec 3, 2015 1:10 PM Flag

    I meant $33.95, not $33.75

  • Reply to

    Will $33.13 Hold This Time?

    by t4two45 Dec 3, 2015 11:58 AM
    biker_dick biker_dick Dec 3, 2015 12:53 PM Flag

    I bought more today at $33.75. This is a stock that will male you rich in two years. ETP has increased the distribution the past nine quarters; handles increasing volumes of NG.
    If you got chased out I truly feel sorry for you. I know the feeling of panic.
    I own 10,000 shares; I get paid over $40,000 per year. What's the problem?? The problem ETP lives in a bad neighborhood. Oil and KMI

  • biker_dick by biker_dick Dec 2, 2015 3:33 PM Flag

    Purchased 1,000 @ $35.10. Buy orders in at $34.5, $$34.00.

  • Reply to

    Need Help!

    by joelindell441 Dec 2, 2015 8:59 AM
    biker_dick biker_dick Dec 2, 2015 1:03 PM Flag

    I'm 79, and I own 8,000 units of ETP. I'm watching the fools punish ETP. I plan to purchase another 4,000 very soon.

  • biker_dick by biker_dick Dec 2, 2015 11:15 AM Flag

    There is no basis for claiming that ETP's revenues are decreasing. ETP is primarily an NG and NG liquids servicing company. Yet the stock price follows the crude price market. The distribution has been
    increased for the last 9 quarters. What more can you ask for?
    The traders are trying to force you out. Don't do it!!!!

  • Reply to

    reaves UTES ETF vs. their closed end fund UTG

    by fishfactory Sep 25, 2015 4:33 PM
    biker_dick biker_dick Nov 27, 2015 12:35 PM Flag

    The dividend will be lower for UTES. Part of the objective will be capital gains. The fund will be active; more trading.

  • biker_dick by biker_dick Nov 27, 2015 10:00 AM Flag

    The Western Refining buyout of NTI is a bad deal for us. Do we have any voice in the decision. I think the buyout nets about $27.68 in cash and Western stock.
    Has anyone phones Investor Relations?

  • Reply to

    at 3 a bargain

    by nasdaq910 Nov 25, 2015 4:44 PM
    biker_dick biker_dick Nov 26, 2015 2:30 AM Flag

    I just noticed this stock. Seems very cheap; a lot of insider ownership; way off it's high, and good earning projection. I just bought 3,000 shares under $3. Any guidance from this board?

  • Reply to

    IRA MAIL FRAUD

    by biker_dick Nov 15, 2015 12:41 PM
    biker_dick biker_dick Nov 16, 2015 2:57 AM Flag

    You are wrong. The accounts were correctly reported by my custodian. All I had to do to prove my case was to copy and present the appropriate pages of my account reports.
    It has been for three successive years an intentional IRS fraudulent claim. If you think the IRS is honest and has your best interest in mind you have your head in the sand, or you're a far left Democrat. The use that 70,000 page code to reward politicians friends and punish enemies.

  • biker_dick by biker_dick Nov 15, 2015 12:41 PM Flag

    i own numerous MLP's, Including over 5,000 shares of ETP. I want to warn you about the IRS. For three years they attempted to tax me on all of the distributions in my IRA and ROTH IRA,not the UBTI excess (there was no UBTI excess over $1,000). They sent me a huge tax bill. I contested it by mailing all of my statements that clearly showed the distributions were in an IRA/SEP (the description on my Fidelity reports). In each case I prevailed and received a notice that I owed no tax. There have been some notices on the KMI site regarding these tax notices. Many people pay out of fear. I have a huge IRA and a large ROTH. Perhaps the IRS uses a threshold to mail these fraudulent notices, going after the rich guys; I don't know.
    If you receive one of these notices, usually for a tax year two years prior, be sure you have the documentation to contest the IRS. Overwhelm them with documentation!!
    The IRS is corrupt and engaging in mail fraud. Mail fraud is mailing a bill that you know is false.
    Vote for Ted Cruz. He wants to eliminate the IRS.
    I wish all of you successful investing.

  • Reply to

    Survival

    by joelindell441 Nov 11, 2015 5:53 PM
    biker_dick biker_dick Nov 13, 2015 11:39 PM Flag

    Everything is not in the news. A very large coal fired plant ten miles from me is converting to NG as I write this. The plant currently burns, and for decades has burned 10,000 tons of coal each day. The price of NG will rise, I think to $4-$5 per 1,000 BTU maybe more. That's still inexpensive compared to world prices. ETP will be transporting and treating a lot of NG. I expect it will be 1917 when to large bump in price occurs

  • biker_dick biker_dick Nov 13, 2015 11:25 PM Flag

    The number os shares is irrelevant. The only issue is the amount of reported UBTI. If it exceeds $1,000 you owe tax on the excess. I agree that custodians don't have a clue; in addition the IRS has neither the time or resources to track this minuscule revenue source . My advice after owning a lot of MLP's for over a decade. DON'T HURT YOUR HEAD ABOUT IT.

  • biker_dick biker_dick Nov 13, 2015 3:49 PM Flag

    I own 5,800 shares in a combination of IRA rollover and IRA ROTH accounts. I also own additional MLP's in these accounts. I have had ETP for years. The 'unrelated business income' is reported on the K-1 form. Many times it is negative. The rule is that if the combined UBTI is over $1,000 you owe the tax on the excess. I have never had an additional tax, only tax on the IRA withdrawals (I am the compulsory withdrawal category due to my age).
    I think the IRS or the account custodian has a clue about the UBTI. Just file and wait for them to come back on you-they never will.

EPL
0.00(0.00%)