Irrational behavior for sure..we have the same thing going on in AZUR Midstream..but at least that one is moving up..its terribly mispriced.
I own a little SSW...generally speaking, the concern of overbuilding in the shipping space is always present. The container companies (TAL comes to mind) and offshore oil rigs are present day examples. SSW is a well run company with long charters but it appears these companies are never concerned about too much capacity.
Acquisition hopefully...CVI/UAN has plenty of balance sheet strength to do something. They've hinted at it and will deliver in time I presume.
They won't if oil and NG stay at this level for an extended period of time. A bet on any oil companies is an underlying bet on the commodity. Do you think oil and ng will be higher in the future or will it stay here for 1-2 years?
UAN is among the best values available at today's price. No way this doesn't move up, even with the current commodity/currency environment.
Like most analysts, they're a good contrary indicator. Why buy something after its run up and momentum is hit a peak? Typical main street mentality is to follow the herd buy high sell low.
You're safe from anyone thinking you're highly intelligent based on you asking questions like that on a yahoo board.
Dollar strength combined w China is bringing this near a buy zone..need a sign of reversal though. The dollar should be exhausted in the short term.
Mainly a liquids play but Encana had another ugly quarter.
The company generated second quarter cash flow of $181 million or $0.22 per share; an operating loss of $167 million or $0.20 per share; and a net loss of $1.6 billion or $1.91 per share primarily due to a $1.3 billion non-cash, after-tax ceiling test impairment. Year-to-date, Encana has generated $676 million in cash flow or $0.85 per share; an operating loss of $148 million or $0.19 per share; and net loss of approximately $3.3 billion or $4.15 per share, largely attributable to non-cash, after-tax ceiling test impairments of $2.6 billion.
Clubber Lang's prediction for the E&P sector: Pain.
COG Quarterly Earnings: Net loss in the second quarter of 2015 was $27.5 million, or $0.07 per share, compared to net income of $118.4 million, or $0.28 per share, in the second quarter of 2014.
CLMT should perform well the rest of the year and into 2016 with their continued startup of projects. I own MIC as well and look forward to another div increase soon. MIC has held up well lately and I look forward to getting another opportunity at some point. I don't know if that will happen.
I own VNR but haven't sold. There still needs to be more consolidation in the upstream spac imo. As far as energy goes, if one likes going against the grain, I like the EQT/XEC type names at some point. Or, CPG if you want yield with solid mgt. That is, if you must own producers. I like DM, VLP, TLLP, CLMT, UAN, BIP, WNRL in the LP space. They're in the process of being discounted so I would scale in or wait patiently. Refinery based LPs receive and deserve a premium.
Depends...if someone bought BAC before 2008, they wouldn't be too happy. Buy what is out of favor and hold for a long time. I bought AIG at 30 and BAC at 7. No one wanted them at that time. Buying solid oil/gas names now will likely pay off in 5 years.