Just one man's opinion, but I would avoid both BBEP and LINE like the plague. Both are going to have serious problems over the next 12 months. Both have too much debt and just so-so hedging. BBEP took on a lot of leverage at the worst possible time with that takeout of QRE. LINE even after their asset sales is overburdened. At best both BBEP and LINE will just continue to limp along with their reduced distributions for the next year or two. At worst, both will have to eliminate the distribution and become a kind of zombie producer, with all cash flow going to pay off debt and repair their credit line covenants.
MEMP is the best, but it is more or less fully valued here at $18. Fairly secure distribution for the next 3 years though.
You also might want to check out LRE and MCEP. I have my eye firmly on both for future purchases. I'm waiting for a better entry price though.
Even $2/year in dividends could be a pipe dream for Awilco depending on how things shake out. A lot of uncertainty.
TRGP is not an MLP but a corporation and general partner. Look up other general partners (PAGP, ENLC to name two) and you can see how much they generally yield. Reason why yield is low is how much higher dividend growth is compared to the limited partner. Check out TRGP growth compared to NGLS. Compare PAGP dividend growth to PAA. Higher growth rates lead to lower yields since investors bid up the price.
We will soon see how 'oversold' oil is in about two months when onshore storage is projected to be completely filled up. What happens then? I doubt oil goes up when that happens.
I don't see these tanker stocks trading on news anymore. It seems like a bunch of traders have taken hold and just randomly move them +/- any given day. Perhaps the next earnings report for all these tanker companies will bring back rational trading once people get a clearer idea of what they will be earning in 2015.
Nobody seems to care. Guess rates are meaningless these days. Unless a company is listed in the S&P or Nasdaq exchange, nobody cares. It's all about Nasdaq 5000 and S&P at 2100. Nothing else matters in this manipulated market.
Why not own both? I do. FRO could go much higher, but it's more of a lottery ticket to me. Why would DHT go lower when they are soaking up the same spot rates for VLCCs that FRO is?
I agree. This seems like a glaring buy opportunity to me. Another one of my low ball limit orders just triggered. Never thought I'd be getting shares this low.
Yeah, Wilhunter is so old and inefficient...must be why Hess is completing their current abandonment work ahead of schedule using it!
Not sure if I'm the only one who bought into ATLS? For anyone else, be aware that the buyout is taking effect this weekend, so your old ATLS units will disappear and you should now have 0.18 TRGP shares instead along with $9.12 cash/unit. The spinco of the upstream assets will (conveniently enough) have the ticker of ATLS. The ATLS.wi has been trading the past few days and closed at $9.75 today. I expect trading in the new ATLS to be very volatile and could see a selloff.
One thing I'm not certain of is the tax ramifications of all this.
Not only that, the raised rates only apply to a small fraction of total Amex cardholders who had an abnormally low rate to begin with. My Amex has the same rate as before, not that it matters since I pay it off monthly.
I'm considering it. I already bought a moderate position in PAGP though when it was down to below $24, so perhaps that is all the exposure to Plains I need right now. I may instead add more to EPD or MMP or maybe start a position in GEL. I think I'll wait until April though, as that is when I think oil will bottom short term.
I sold half my shares. FRO is very volatile day to day. I am trying my hand at doing a bit of trading week to week, see how much extra coin I can pocket. In the end, FRO is more of a spec play than the others, as they have extra issues to consider.
Seems like you are quite long OCN as well? At least you post a lot on that board. HLSS buy at $12 was a good move. I still like NRZ more going forward though.
Likely you will be waiting a loooooong time to see EVEP back at $75. I'm thinking of buying EVEP as well but am waiting for a lower unit price.
Might be partially due to the refinery strike? In Los Angeles, we are back to $3.75. Good thing I don't drive much.
I made the same mistake with AAPL and NRF. Both cases bought a fairly large trading position to complement my core position, saw it ran up and put in a modest stop limit to protect profits. Both hit and stocks continued to go down. In both cases, meant to rebuy but got sidetracked and never did. Now both ended up doubling basically from where the stop limit hit. Cost me well over $100,000 in lost (paper) profits as of today.