i would be more concerned with loss of capital.
just stay away from the e and p sector.
if u need income check some closed end equity funds.
e and p could be hurting all of 2015.
i have some arp and im down 25% in capital.
and i thought i bought cheap.
no more no how.
obama is an economic illiterate who believes only in the politics of thematter.
obama care will be rolled back by the supreme court by june 2015.
his imigration policy will be choked of funds for implemintion by the trp.congress
his foreign policy ,if he has any is in tatters.
he is not respected anywhere on this globe.
his own party doesnt want him [see sen schumers recent obama care statement].
.when he and holder spoke bout furgeson they only made matters worse.
and he allows that race baiter ,liar and tax evader sharpton in the white house.
hopefully him and his minions and epa will be stopped in their tracks by this newcongress.
and when they get through with the irs investigation his fingerprints will be all over it.
hes a national disgrace.
have outstanding order in at 33.00 per share
damn thing like a rock
was hoping would drop into high 32s so i could buy.
leaving my buy in for
that price .
like how martin runs his co.
its all bout the yield.
and as a new semi retired whose been investing
over 40 years tryuly enjoy and appreciate this tax deferred yield.
better then any 30year muni.
keep the faith
mondays a new day
relax ead has no idea what he owns or anything bout mlps.
he sounds like a putz
read his satatement on divies which he doesnt realize are distributions.
IT WAS GOOD TIMING.
THEY PAID A GREAT PRICE FOR ATLS AND APL.
JUST GIVE IT TIME.
THIS MLP NOT FOR TRADERS.
my point is just about any mlp has had its price decline in the last few months not just gel
if your reason is the distribution there are mlps with higher distributions.
the energy comple may be under water for a while.
wow u r a detective
i never really liked refining
cash intensive and not popular with the polluting crowd. also naturally the refining crowd against the exporting of oil which will happen.
in their favor is that u will never get another refinery built in this country.
its been like that for 40 plus years.
truth be told imho vlo the best refiner in the usa.
also take a look at dkl small well run refiner.
if u really want to write funny stuff watch msnbc instead those r the real clowns.
start with sharpton and watch thru madow.
really funny stuff.
hard to believe they r so down in the ratings that u can hardly measure theres.
i read the cc and questions.
the ceo made it clear that he is NOTin favor of exporting raw oil .typical refiners response however no where did i read about exporting ngls.
where did u read this was it on the cc.
refiners coming back into vogue now.
the large majors showing earnings raised by refining.
in fact they are articles on this which began cropping up recently.
another good one is dkl.
however not nearly as large as pbf.
read your missive on gel and agree 100%was a home run now it has many moving parts.
but still has good assets and management.
very stable and solid .
pbf has been on my screen since they announced buyback. in august.
exporting ngl a big deal just havent seen it mentioned.by pbf.
for the future the profits will be in exporting those that do and will is where the money will be made in mlp land
excellent synopsis of mmlp.and im fine with getting the distribution.
like a super charged muni.and better then a muni fund that gives u tax free fed income but is taxable for the state u reside in.
i think between 18 and 19 would be the lows
however i still feel in time this will be an earner.
there assets and management very appropriate for our times
but they cant buck the trend looks like energy hostage to the saudis even nat gas.
eventually there will be bargains.
ken under 20 now
im holding out to see if it approaches 19 mlps definetly not the flavor of the day cept for maybe ete and wmb
i prefer margaritas
i dont think any good news now will drive this stock up.we are in the energy group ergo all energy bad
we aint going to drive our cars lite and heat out homes with fossil fuels.
solar will rule the world and then we will get water driven engines etc.
thats the way this sector is trading now.
ridiculous but true .
my next important date is the opec meeting in nov.
i feel behind the scenes many opec nations will give it to the saudis.
not that they will care but this may be the unravelling of opec.
then prices may go down even further.
i have no chtystal ball when this will turn around however i believe the usa shale industry will grow and prosper.
ngl and ngls liguids with propane will always be needed.
im betting in time sanity will be restored and the sector will stabilize.
enjoy your missives.
i agree with everything u say on this however apparently no one else likes our mlp enuf to realize its assets or buy same.
i would rather mr.market favor our mlp rather then a few knowledgeable members on our board.
all the same im with u and if dips below 20 im adding.