What do You think the future holds for Tanker Co.`s?, looking at CPLP, a mix of Oil tankers & containers, 02-02-16, last day to buy with the divi., .23 @ $4.63.
Got 100 @ $4.59, already down on this, it is a cheap investment to learn by & maybe one day profit from, first buy out to another Country other than Canada.
I`m staying, I hope CCLP can stand the pain, USAC is not doing much better, they did not cut their distribution, but their unit price is not holding up either, hope we can all live it out, hurting big time!
Right now I`m going to only reinvest my divi.,s & distributions as You mentioned, will wait for a solid turnaround before putting in new money, even though there are some very tempting buys, hopefully patience will pay off. CAPL just declared, share price has been falling just like similar Co.,s NTI & GPL, very tempting.
I like CAPL, just wish we could get a solid bottom in. Check out NTI & GPL, they are similar Co.`s falling out also, which You can say that about many right now, just does not seem to be any relief in sight for Oil & Gas, with prices down You can lookout for higher taxes to fix roads & bridges.
They just announced two container ship charters for one year & the possibility of extra time later, up a little after hours, just another learning experience, sorry about taking up space here, will move on, Thanks.
I`ll admit Jennifer got carried away with the power her Father & Board gave her, bigger Co.`s than Calumet got caught with their britches down too! The last two Co.`s bought under partial leadership are only bad choices because of the down-fall of Oil, plain & simple. I`m joining Fred, hoping to out-live this Monster of a market.
Example from previous comment: Linn energy bought out Berry Petroleum in latter 2013-early 2014, LINE was selling for $30.00 a unit at that time, .36 cents a unit now. They would not have done this if they could have seen what the future price of Oil & Nat. Gas would be. WE ALL just saw the BIG BUCKS WE were getting at the time, sure was good times there for a while. What was $120K is now $76K, Fred, you`re not in it by yourself for sure.
My first time on this site, very informative, I`m not a member of seeking alpha & yet you can read the whole article here. Thank You, I`ll continue to use this along with Scottrade & Yahoo Finance. I`m going to continue to hold CPLP & maybe add more.
How about the article Charlie Daniels put out today? I`ll support this way of thinking all day long & join in on the fight to keep U.S.A. The Land of The Free & Home of The Brave!
I bought this in Dec. of 13 @ $13.71, till death or bankruptcy do we part & not adding anymore either, just might live long enough to get my investment back in divis if it doesn`t drop anymore?
I thought I was getting a good buy @ $15.00, we long term investors are going to be hurt here for the next year if not longer, I`m still staying regardless.
It appears we are having a lot of short covering or TTI buying back , maybe even new units being bought on the down-low, I`m not sure just what`s going on, just wish now I would have added more, may yet still if this continues to move up.
If $50.00 holds this time, then we will see continued progress, today will show us, one way or the other.
Seems like there is only negative news, lower lows because production is suffering, this, that, & the other. I choose to hold also & see what`s ahead when oil gets back to $50.00 a barrel, all operations could see a come back then, slowly but surely.