Crashing at unprecedented speed. Billions & billions lost on the great news about how we're going to make billions & billions on this deal. Didn't Kelcy buy like 64 million dollars of this at $64 pre-split just a few months ago? For someone that people think is so smart, boy that was dumb.
No pipe line blow up, just MLP's blowing up. Don't chase the yield. A 50% price collapse is not worth the distribution
popakeg….Great move with the real estate. My real estate has bailed out my stocks at least 5 times in the past 15 years. My stocks have never bailed out my real estate. For all the articles written about how stocks outperform real estate, I can only say that in the real world, real estate is a far better investment.
ETE never offered $64 per share. They offered shares of ETE. At that time, ETE was higher and it translated to $64/share. ETE may sweeten their previous offer, but at todays price per share, it will translate to less than $64/share. Not shire if you can comprehend this??
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".
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.