I don't really understand TRC Capitals need to make such an offer. The tiny 3 million share quantity equals less than 10% of an average days trading volume. Their offer price is within pennies of the current open market price. With the markets worst months just ahead, why does TRC need T's blessing when they can just buy as much as they want on the open market with their offer price being weeks, if not days away???
Don't keep looking back & kicking yourself for not buying at $70. In short order this will rise past $90 & you'll be kicking yourself for not buying at $80. The low has been set, this ship is leaving port. Last chance…"All Aboard".
Dump CVX, book your loss. Put your proceeds into XOM in case oil turns up, however chances are both of these will continue to sink. The markets worst months are approaching. Be patient.
Most MLP's holding yesterdays huge gains, but PAA going down hard. Seems like weakness, out-of-favor, going much lower. EPD, MMP, ETE, ETP basically holding their gains. I'm thinking trading my PAA for one these better quality, stronger, preferred MLP's mentioned.
If you sold calls, at this rate they will likely get called away & you will have left a lot on the table. My condolences to you.
If you're looking for yield & income, look at "APU" currently yielding almost 9% with no need to raise capital (Dilution for a MLP). A solid payer. KMI is good, but has over 10 billion in debt, doesn't pay as high a distribution & will likely dilute to raise cash in coming years. And I'm not so sure about the 10% distribution growth through 2020 like they promise. I also own KMI, so I'm not bashing. I recently elected to add to "APU" over "KMI". Good Luck
EPD, MMP & KMI are all good, but like you say, mid to late October it will be even cheaper. People looking to book their loses will put downward pressure on the price & the stock market is almost always terrible in September/October. Keep your powder dry for now, lower prices coming.
Loaded up on MLP's in '09. I dumped half of them to lighten up on energy exposure & booked some large gains. I'm under water with CVX. I like the value & dividend here with CVX, but I'm thinking of dumping it all on Monday to book the loss to offset some MLP's gains. I plan to buy CVX back in 30 days. I don't see CVX taking off any time soon for many reasons. 1) Worst market months are approaching. 2) Downward pressure from others likely selling to book the loss by year end. 3) Oil outlook not good short term.
Who is they?? If this gets any cheaper, I'll buy the whole company for for cash, and I work at McDonalds LOL
If Saudi Arabia was the only one with oil, your 6th graders math might work. In the real world, if Saudi Arabia raised the price of their oil to $100/day they likely would sell one or two barrels per day for a gross $200/day. They are far better off selling 7 million barrels per day at $50. That does not help us, but a 6th grader knows $500 million a day is more than $200 per day. Good Luck to all.
Tell that to MLP "income investors" of LINN, BBEP, etc. Distributions get eliminated without notice and you get a fast 25% haircut on your principal which is already down 40%. You can gamble on the income, but never count on it. And please don't give me the old "but not EPD". Trust me, it can happen to anyone.
There are great companies and there is great stocks. Ideally, you want both. Great companies with terrible stocks i.e.: PFE, MSFT, WMT. Great stocks (previously) but terrible companies i.e.: BBEP, LINN. Eventually the cream comes to the top & the #$%$ drifts to the bottom of the septic tank.
Must be a newbie because from 09 to current VTI would have served you well, however if you bought it in '01 you're still underwater. Don't know if VTI existed in '00, if it did, I don't know if the loss's could be made up in one life time. Just awful
Don't blindly look at "income". You do realize that a portion of the distribution is just a return of your own capital don't you? And that 5 pennies per year for each dollar invested is small consolation to the +-40 cents lost over the last several months (and still falling). Could take 8-10 years to get back even, and you still won't have made anything yet. Plus, the distributions are not guaranteed. Some people are just plain stubborn or just don't have enough experience in the market. Best of luck to you.