crypto currencies are interesting to me and definitely could be the future. Unfortunately, USA statist enforcement has made it kind of tough for an average Joe like myself to buy any. Other than doing a physical meet up person to person sale that is. If the price of bitcoins gets back down to $200 or so, I might just try to buy some that way.
If I was a GSL long, I'd be kind of #$%$ at this news. Merry xmas indeed. Sorry to hear it for those expecting a dividend reinstatement soon. Or am I interpreting the news wrong?
Yes, I am certainly not planning to sell either. I did buy the GP (PAGP) after it IPO's just to cover my bases with Plains. Own about equals amounts of both. I agree with rpfla that EPD and MMP deserve their reputation as being other rock solid MLPs that just happen to not have to deal with a GP. That's a plus.
Hey, clicking keys is hard work! Anybody smart enough to plough money into NRF since 2008 deserves to reap the rewards. I also cashed out some of my shares today just to diversify a bit, put the money into VTR and HCP.
Interesting how both TWO and NRZ both come out guns blazing today in announcing more good news in purchasing MSRs. To think people could have purchased NRZ shares under $6 just a few weeks ago! I kind of regret (a little) in selling my sub $6 NRZ flip shares for $6.40 recently. I have a feeling it will be trucking right on through $7 again soon enough. Same with TWO, I think people will kick themselves on not buying shares around $9.
Friends don't let friends read Hedgeye. ;-)
All kidding aside, just run an online search for 'hedgeye kinder morgan report pdf', and you should be able to find a link to it.
Today was a double POMO QE sugar injection day. For the month of December, the Fed chose 3 days to inject double the normal QE. Today was one of those days. Doesn't guarantee a green day for stocks, but the correlation is there.
One thing of interest to note about tomorrow is that in the month of December, the Fed's QE program is set to do a double POMO on 3 of the days, injecting twice as much sugar into the mix as usual. I believe tomorrow is one of those double POMO days. Usually that spells green for stocks. Any announcement of tapering though would likely pour cold water even on a triple POMO day, heh.
Thing is, it's not like most any REIT is trading near their 52 week high like the rest of the stock market. Most REITs are hitting new 52 week lows or very close to it. So while can never assume that the proverbial knife has stopped falling, I think it is fair to say buy them today is a heck of a lot better than a few months ago. A high quality REIT like VTR could keep making new lows and fall another 20%, but I kind of doubt that will happen. I think it is much likelier the rest of the market will drop 20% before VTR drops another 20%.
I think more and more people are coming to the conclusion that REITs (at least some of them) are a relative bargain compared to the rest of the overpriced market. I've been busy lowering my cost basis on my favorite ones ... VTR, HTA, HCP. I may sell the NRF shares I hold in my IRA given the terrific gains on it the past week.
I hope they are indeed buying! Seems like a good move to me, unless they have a ton of other ways to use the money to increase revenue.
$9.41 is quite excellent! I was not criticizing your trading, just expressing my opinion on the short term future of HFC. :-)
I don't see any alarming reasons to sell any shares abbaman. Plains seems to be taking care of business like they always do. Maybe some tax loss selling the past few weeks? My last buy was around $51, might look to pick up more here at $48.