It's not a LINE thing!! All the drillers, gas, pipes getting crushed. Now is not time to be bottom fishing for anything in the energy sector. Brent seems to want to revisit the $40's again, Iran is six months off, Fed rate hike in Sept coming, why jump in now. The selling is the street feels this is dead money for quite sometime, perhaps years. What looks like today's bargain is tomorrows nightmare. Sitting on cash is the best moves to make for now.
I am looking at the Nov 22.50 puts on ALDW. See how much more they can milk out of this run next week to buy some. Your correct, the lower share count makes it easier to run it. Hard to believe value buyers continue to jump on the thing. $5 over CVRR, it's obvious buyers are not using their heads. If, and I think we will get the post sell off, I would be a scale buyer in on CVRR & CLMT. On CLMT do have some concerns they might do another SPO no matter what market conditions are. #rd QT on refiners should be strong. No matter what, way market is, no rush to do anything.
".no real risk left...even if it goes under you wont lose much now..no brainer BUY"? You get a 10 for the most stupid post I have read in past week.
"KMI is the best investment because it is toll machine"? I agree, what's not to like with KMI. PE of 'only' 48.85, debt is 'just' 45.26 billion, and book value $16.18! To top off all that good news your getting a huge 4.80%! Really hard for one to find a better value in another company. I am margined up to my ears in this stock as I know in a year or two it's a $100 stock.
High PE, high debt, no distributions and negative book value. Insiders are net net sellers. Heck, whats not to like. I understand the attraction is long term and buyers must be far sighted. Insiders must be short sighted too. GL
Bought more 30.62. I don't know how low large traders, hedges, HFT can run this down, but I am game to keep adding on until I choke. I also play OKS & DPM for EX runs too. Think we get past next few weeks things will turn for EX run. Your correct, no news to cause this sell off other than games.
I don't like the close, so think will be adding on more tomorrow. Was rather surprised by the muted close. Only can assume short sellers feel they have more room to beat this down. History tells me they don't cut distributions and with $3 plus I feel good with it.
It's a fair and valid question. The answer is they will never pay it back, just kick the can down the road for as along as they can. As long as bond holders and banks get paid the interest, it just keeps on. With free money all over the place, they can continue this way until rates start going up. This is the problem buying company's with huge debt loads in a market like this, people start asking questions before buying.
Anyone holding this stock obviously is not paying attention to anything about the company, the short float and outright manipulation of the PPS. So many similar company's with better assets, larger, better financials selling in the $6-$10 PPS area. High risk is an understatement!
May & June has not been kindly to the midstreams. Even worst for those with large debt on the books. I think this Summer is going to be more of the same if WTI sits around and under $60.00. Big players just might start assuming that's going to be the case. Right now it's just drip drip of bad news with no let up in sight. Making matters worst is rate concerns, like a .25 point is the end of the world. Just would not be bottom fishing now, no matter how great a buy 'you think' it is. On this stock 2.5 billion is a bunch. I see no insiders interest at current numbers either. I have feeling cash best place to be and take another look in the Fall. If your looking at a chart, you might agree. Just be glad your not in drillers..
Midstream stocks been getting hammered for past month. I am sitting on cash until about 3 weeks before coming EX dates. As for buying and holding in this market, today, I think lower prices are in the cards. As for KMI, the debt at 45 billion is a HUGE number to be juggling around with higher interest rates around the corner. Ever try counting to a billion? With a PE of 49 it's sure not cheap here! One, of course can be impressed with Kinder's holdings and purchases however with a 1.85 billion share float his purchases have little effect on this slide. That don't mean we should all get bullish and jump on the wagon. You can find thousands of stocks that insiders got creamed buying in a down market. I like the stock much lower, in the $33 range for the risk. A good chance sometime this summer we could see this number. I am buying some midstreams that have low debt and good history on distributions.
KMI will ride this storm out, that I have no doubt. What I am saying it's not cheap and no over riding reason to be jumping in now. Come this Fall your going to wish you were sitting on cash. For now, too much risk in this market to be bottom fishing.
'Projections'??? In this type of markets they are meaningless. Five or ten years your going to be over paying on that projection? Wow, what a leap of faith. GL buying into that.
Just wondering if Yahoo is posting up some other company's Statistics and not 'Cheniere Energy'? Very confusing if it isn't, and PPS is $71.00? What am I missing? Really, just don't understand what the attraction is plus they don't even have cash for a .05 dividend.
Drivel & Dribble both work, but coming to a conclusion that the poster is a 'shortie' don't. Just because someone disagrees with a poster don't mean he's short anything. It's a childish retort.
Most all of the midstreams been getting sold off after they made EX dates. Seems like the normal price action and nothing to get in a panic over. Few weeks before EX I expect powers to be will run them up again, assuming oil & gas not tanking. Trend obviously is down, lower highs, lower lows. Check distribution history, they have never cut even in worst times than this. Chart not all that ugly either. Bit of concern with debt and as pointed out coverage. Don't think any merger is in the cards, nor does OKS look like another Enron. For now think best play is to wait a few weeks before EX, then see how markets are to buy. By now it's should be obvious your not going to miss a big upside move in the oil patch.