You should have waited 'til it dropped below $5. Even then I cannot see any quick return on your investment.
BBEP is in a world of hurt and will go sideways for an extended time period. The Good; they are too big (among upstream MLPs) to fail: The Bad; they are basically bank owned at this point ..
Low PPS is a temptation to buy. I would stay clear of BBEP, LINE, LNCO, etc. They are financially in a world of hurt regardless of being well hedged or not. The business concept of upstream MLPs is being put in question if this oil glut continues for an extended time period. - Consolidation is the word across the industry and BBEP may get swallowed by someone bigger and better financed.
Stay clear from LINE, LNCO and BBEP. These MLPs are in more pain right now than they can handle. On a side note, even VNR has its work cut out and will probably go sideways for the next 12 -18 months..
You got that damn right ... I need exactly 100% - actually a bit less. But guess what, I'll hold on to it 'til it hits $80+. Could be a while, though.
I calculated my shares back and they came in at 32.394. I am not #$%$ about that at all.
Wish the pps would go up instead of going sideways.
Yes, have the same thing happening to me, except, in my case it's a Fidelity account. I will wait 'til the end of the week before I call.
... it will go sideways for a long time. Maybe in 12 to 18 months it will slowly approach $10.
I like your optimistic forecast, though
I fully aree, "$SRPT is done" ... if nothing happens within the next few months. It will be a bargain buyout target for a big pharma players.
I fully agree with you on Clinton, but I disagree on the $10 coming soon - I see BBEP trading in a narrow range for the next 2 years...
At least this long ... and then it's still way off the $20 mark.
Just HOLD and pray.
It will take a long time for upstream MLPs to recover from current lows. VNR at current valuation is definitely not overpriced, but it may go sideways from here for quite some time - good entry point if you plan on keeping it for an extended time.
Why not adding a midsteam MLP such as EDP for the purpose of diversification. It may not pay as high a dividend as an upstream MLPs, but midstreams are tied less to oil and gas prices.
Just a thought ... BTW, I went this route ... since I am already long in VNR, LINE and BBEP
Ex dividend date on Yahoo and CEMIG's web site are slightly off.
Regardless, they list the ex divi. date: 12/29/14 and the Pay dates: 50 % 6/30/15 and the remaining 50% for 12/30/15.
Hope this answers your question.
You are funny ... but to answer your question, I don't think we are going to see 100 in years, even if SRPT got FDA approval.
They tend to have some sort of odd splits whenever the PPS goes too high.
... I agree with the argument that CIG is going higher in the long term. Keep in mind the socialist Brazilian government froze energy rates a few years ago, which hurt CIG badly. As soon as this government allows for a free market economy, CIG will go through the roof. Unfortunately, I dare not to predict when this is going to happen.