From what I understand there are thousands of wells already drilled that just need to be fracked. Once the price of oil goes above $45/Brl they can start turning on wells. Remember they have bills to pay also.
CVR Partners also announced today a first quarter 2016 distribution of 27 cents per common unit, which includes approximately 6 cents per common unit of available cash associated with Rentech Nitrogen Partners' first quarter 2016 results. The distribution, as set by the board of CVR GP, LLC, the general partner of CVR Partners, will be paid on May 16, 2016, to unitholders of record on May 9, 2016.
We are up 4 days in a row going into the announcement someone thinks there is good news coming. ETE just announced it will continue its distro and they were up a $1.50. twas a good day for me!
@$1/year Distro this is a $11 stock @1.50/year this is an $18 stock. For me as long as they keep sending me big checks I will wait for the share price to rise. $1080 last quarter.
so far this year every month has been the hottest on record. IF this continues through the summer where do you think NG prices are going to go? ( My job services NG power plants.)
No! this is a $30 stock. you had your chances. I got 1k with an avg price of 7.20 and I am very happy!
I bought 1k shares @ 14.12 I'm up 50% which is almost 9 years worth of divies. I guess I should put in some stop loss orders on but I hate them because of Crocked MMs will harvest them.
You actually think the market is going to Crash? With cheap energy as far out as you can see and dirt cheap interest rates. There is little to no chance for a crash. besides the CPT will jump in an buy if there is any signs of a crash.
At $1/year distribution the stock price should be around $12. That gives an 8% yield which is about right for this type of stock.