The five yr chart shows the stock down some 83%. Breaking the buck means nothing. And, it is never the time to load up on this one, ever!
look at the list of mutual funds that have bot BWP in the last 3 months. They have promptly lost 50% of their investment.
on the value of their BWP holding. What a stupid thing they have done. The company had 400 million of DCF, the dividend would have taken 80 million, and they decide to screw everyone (including themselves).
If I want it, will be able to buy below $35 today. Facts are, they have 20 rigs under construction, have contracts in place for 3 of these, and owe 6.3 billion in yard payments. We are entering a 2 yr downturn and these guys will have to raise capital somehow. I like the company, but hard times are coming.
This stock is a bummer, smoke and mirrors.
'Units' have perceived value along with inherent value. FB shares or units have a lot of perceived value, but very little inherent value. This makes it almost impossible to short. When the perception meets reality the stock will plummet to inherent value, but you can't judge when that will happen.
that could happen is in the price of the stock.
Every situation is completely different. Just because it worked for you once, doesn't mean it will work again with something different.
I don't think so. There are many other investments that are more investor friendly than this one.
It is really up to L and what they want. BWP earned enough to pay us the same or a little less last Q, but didn't. L knew what they were doing and are long term investors. I think, as I said, they were surprised at the extent of the sell off, but some day it will come back. I will never buy this one again.