... 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.
No, it's not the same as 2009. Back then it was the US economy as a whole, not just one sector - oil and gas. The outlook for most upstream MLPs is not pretty ... no bailout or stimulus program. Either they cut it or they will get swallowed by a big player with enough cash in the sleeves. 2016 will be the time of bargain shopping and big consolidation as hedges expire.
Are you trying to pump this stock?
It gets worse before it gets better. This is not the low, yet.
Don't know if it is going to happen this early - when??? Distribution suspension will happen is almost certain. Right now, with the pps in the $3 range is bad enough. With the announcement of a distribution cut, the share price would temporarily sink rock bottom. That's just the psychological component of it. Along with this goes the fear the price could drop into penny stock terrain and/or getting de-listed on the NASDAG.
I would suspect BBEP hopes for a slight recovery back into the mid $4, then they will pull the plug.
Please don't get me wrong with this harsh assessment; I am just trying to be realistic. Also, I am not a short by no means. I am sitting in the same boat like the rest of you guys, just hanging in there and hoping for the light at the end of the tunnel.
It will happen whether you like it or not. This could bring the oil price down into the $20 range. Iran is more than ready to open the spigot. Their oil is as cheap or as expensive as that of the Saudis ... and on a different note, the two hate each other like hemorrhoids. This leaves the question who's going to cave in first and cut production?
If you think IR represents you the small investor, you been thinking wrongly all this time. As an analogy: does the HR department of a company represent the employee: NO
Target just announced the sale @ 3.80 a pop. If you wait a bit longer, may be by the end of the week, Home Depot and Lowe's will have it on sale for 3.20.
Either you are making this up or you have absolutely no (zero) stock experience. Never, ever put all eggs in one basket.
Again a NO - I am not a shorty. I hold on. But buying, even at this level is way too risky. If you look at the geo-political situation, in particular nuclear talks with Iran, the China bubble - Greek crisis seems to be resolved - you have to realize that oil has only one direction to go, which is further down.
If you want to buy in, even at this level, just go ahead ...
Cutting distribution to ZERO is a given - will happen within a month or two. This will bleed the stock completely out as a psychological consequence. How many of us are hanging in there only for its lush distribution?
No!!! This stock is going much lower in the days and weeks to come.
You are ruined all right ... if you had all your eggs in one basket.
Expect BBEP go lower; and if it survives, it will take years to recover.
Oh NO ... you should have waited ... soon going on sale for $3.80 at Target
Not going to happen this week ... No matter what the outcome of the referendum on Sunday will be, the EU has lost all confidence into Greece. If there are further negotiations, the EU got Greece by the balls.
The bleeding could have been stopped a few weeks ago, now they would need additional funding on top of what had been negotiated or proposed last week.
Tough lesson learned, but 5 min too late.
This is a realistic possibility if not lower and will largely depend to what extend SAN has exposure to Greek bonds in particular and the banking system in general.