... they grew way too fast, and this only on borrowed money. Obviously they hoped or assumed oil would go up forever.
2016 will be the make it or break it year for LINE ... that's when the banks will take over.
Not all mutual funds are made equal. This energy fund however sucks for sure.
Fidelity has a few very good funds, though: One being the Contra Fund
In the Vanguard Fund family I like their Large Cap and Small Cap Growth funds - doing extremely well with those...
... and going lower into the teens.
Only good news can halt or reverse this deep slide. - Everything else said on this board is speculation and hope.
I asked myself this question as well.
Based on analysts opinion/rating of 2.4, $88 is absolute nonsense ... I assume a typo that should read $18
... keep dreaming ... you are roughly a factor of 10 off ... more like $3
... and I went in much higher than you did a few years back ... and I keep hanging in ... unless signs are on the horizon that VNR is forced to sell out. Hold for the long haul. It may take years to recoup the losses.
... because they can't figure out themselves which direction the train is headed. - LINE is simply in survival mode and they know it.
This is not about someone manipulating the PPS. It's about long-term lack of trust into a business model which seems to fail miserably.
If big investors are dumping this stock at this point, it is about fiduciary responsibility towards their clients. Anything else would be gambling.
You are right, peak driving season is almost over ... so what's next?
Oil is extremely volatile right now, and probably will be for the next years. If you want to buy in, make sure you understand the risks. Some of the upstream MLPs you have set an eye on may not be around in two to three years - at least BBEP and LINE are financially stretched to their limit. The current tick up in share price is solely a reaction to the Fed meeting to potentially further postpone an interest rate hike.
... not until there is some screaming good news. Until then, very volatile.
Patiently waiting ...
... it's too early to cover. Besides, I would not touch this stock even if you paid for it. Months ago I wrote on this board, it will take 15 to 18 months to see a recovery to about $12. Today, I see this recovery being pushed out to 4-5 years, if BBEP even survives 2016 - that's when some of their hedges expire - under this ticker symbol.
... it gets butt ugly before it gets better. Next stop is $2.50 and this is going to happen sooner than later.