IN the last few months, several folks have posted asking about and or proclaiming Blackstone has been hit by sinking oil prices. Here is an excerpt form an article posted in February on marketrealist website:
Impact of low oil prices
Blackstone offloaded much of its oil-related exposure in 2013 and 2014. Overall, it has a diversified portfolio, and many of its holdings are oil-price agnostic. This has resulted in less erosion of its holdings’ valuations. According to management, less than a quarter of the company’s investments are exposed to oil prices.
Blackstone created its second energy fund in 2014. It’s double the size of the previous fund. The timing is quite strategic, as many energy sector companies are available at a discount compared to what they were worth before oil prices started to fall.
Blackstone is also planning to raise additional funds to augment its existing energy businesses at GSO Capital.
TPT COLLECTED SHARES OF PJT TODAY AS STATED EARLIER:
Reply to When will I see PJT shares in my account?
“the_professional_trader the_professional_trader • 4 hours ago Flag
They are showing up in my account ...”
Reply to When will I see PJT shares in my account?
“the_professional_trader the_professional_trader • 3 hours ago Flag
I am a TRADER ... I guess I owned BX long enough to get the spin-off shares.”
IN ORDER TO COLLECT SAID SHARES ONE MUST HAVE BEEN A BX SHARE HOLDER AT THE CLOSE ON SEPT. 22 ... ON SEPT 23, TPT POSTED THIS:
Reply to BX is Reponding to a "NEW REALITY" ~
“the_professional_trader the_professional_trader • Sep 23, 2015 5:45 PM Flag
Rookies got sucked into a trade when the Price closed above the 20SMA.
Professional Traders know to use more than one indicator ~”
THUSLY, AND IN HIS OWN WORDS, HE WAS A ROOKIE THAT GOT SUCKED INTO A BX TRADE
WHAT DO YOU KNOW???
Price will not be raised. Don't get greedy. There is PLENTY of money to be made for a LONG time at the current discounted prices.
The fly in your ointment is BX PPS closing above the 20 sma today. If it closes above 35.67 tomorrow, it will have established a near term higher high AND already has established a near term higher low. What's his name said that was when you buy. Wonder what he's gonna do?
BX is an MLP. Per the partnership agreement, distributions are based on assets sold off and some from their cash flow business segments. Thusly, they did not "keep the dividend high", the size of the distribution (not dividend) was a result of the performance of the cash flow segments and the assets sold during the quarter. WRTPPS performance, if you check out a 3 month chart of BX and KKR you will see they are both down 16%. Did KKR lose key people? Did KKR prop up there distribution/dividend?
For the reasons I have explained above, the PJT spin off will not be in lieu of the next distribution. They are independent.
The reason TPT claims he has been "saying the same thing for weeks" is because he doesn't know what he is talking about.
You say liar, I say rookie sucker (purely based on his posts!) Only he knows the truth ... we'll never KNOW
There are lots of speculative bubbles in this sector but GILD is trading at 9X earnings with real and growing revenues. Hardly a bubble ...
5 day performance:
IBB = -3.6%
GILD = -.3%
S&P = +2.4%
The sector is getting thrown out (babies and bathwater) and the babies (i.e. GILD) are being bought back.
They won't and can't "do a cut" to the distribution. It will be what it will be ... The distribution depends heavily on the resulting proceeds from asset sales during the quarter as stipulated in the MLP. The market, and many assets were at depressed prices during Q3. Blackstone executed less asset sales & position closes ... and in kind, the distribution was less. ...They did not just "decide" to make the distributions $.49 this cycle. They decided to not sell assets at depressed prices.
"the_professional_trader • Nov 23, 2015 2:09 PM Flag
Take your political garbage someplace else ... this is a financial message board for BX ~"
They're the largest holder of residential real estate in the US. ... Rental rates are high. ... This won't be changing any time soon. Any oil plays should be assumed to be a long term deal. These guys plant seeds and let them grow.
We have emissions testing where I live. If your car is computerized, there is no tailpipe sniffer. They just hook up to the computer port and take readings. Thusly, this makes all the sense in the world as as a technically viable "spoof".
THIS IS NOT NEWS. They always guide conservatively ... the street always estimate above their guidance, and then they beat their guidance AND the analysts estimates. Rinse, Repeat
They raised their guidance so the analysts will raise their estimates.
it's easy for a MB troll that chooses to stray from the truth on a regular basis. Now you too have been introduced to "the FUDster. Note this particular alias is a play on my ID. He has stalked me over here from the BX board.
He is definitely "for entertainment purposes only".
Fine by me ... it will take you 3 hours to log in to all of your aliases to pull that off