I kind of hope you're right. It would explain the sales jump in the last half hour today, and also mean a relief rally when they're through. What are the rules for such sales near earnings and dist. announcement?
Thanks arbtrdr,. That's certainly a positive note for me that planning for new plants in the recovering US, and conversions in Europe wil still move ahead, even if the length and depth of the oil price decline is unknown.
I've retreated from upstream MLPs. Most are OK for the next year or so with hedges and low production costs, but will have difficulty matching those hedges or raising capital.
Thanks, money. Do you, or any other board participants,have an idea of the oil price that if maintained, would discourage coversions of manufacturing plants from naptha to ethane? I had thought sp (up?) of many of my partnerships were ahead of themselves. But not this far ahead. ARRGH
At some point lower oil prices have to affect ng demand and discourage some ethane replacement of naptha. But I agree that that is only after an extended period of low oil prices.
I agree it looks cheap, and $30 would be much cheaper. Some investors will take the opportunity and it will pay off. BUT NOT BY MORTGAGING YOUR HOME!!!. Keep that in reserve for $20, or to provide a base to rebuild assets. Good luck.
It looks like Gryphon is not impressing customers. No relection in sp that there's a significant responce.
you sold and got $???. Now you owe cap gain tax and ordinary tax on all the depreciation credits that allowed you to postpone taxes for five years. Are you considering the net after tax capital for your reinvestment, or the net procedes of the sale?
down since early this year, while awaiting bulk demand recovery. Now may be affected by John Fredriksen's empire slippage. The reduction in his Golar holdings and the concurrent slippage in sdrl and nadl due the Putin factor, demand/price of oil factor and perhaps the golar sale factor, are hopefully a temporary ( one year or two) cause. I think there can be a successful turnaround if gdocf remains solvent without need of Fredriksen cash input.
The lack of postings reflects the doubts in long term holders minds, including mine. This is a small part of my portfolio, and getting smaller. I have no plans to add. glta