Think you subject to UBTI in a Roth, so you will have a tax impact. MLPs shouldn't be put in an IRA.
Roth IRAs are not exempt from the UBTI rules, so a Roth IRA can be taxed when it earns UBTI.
You were buying at $3.10, so what. Why wouldn't you wait until the dist is adjusted, not much chance the price moves up with that. Sometimes conviction becomes arrogance and that's not a good quality in investing.
You have to realize that most of the posters on this board are the same person, so talking to yourself is the norm.
LNCO $1.75 today, going to sub $1. Bankruptcy next year. ARP can maybe avoid this result if they cut the dist. And who would buy ARP now when they have announced that the dist will be adjusted.
LNCO is trading at $1.90, LNCO/LINE probably sinks to sub $1 if commodity prices don't start to turn, don't see it for a while. Debt holders see the inevitable and are agreeing to less. Linn maybe stays out of bk with debt exchanges. If I was a debt holder in ARP sure wouldn't want $130mm in annnual payouts going out the door with uncertain comm price recovery. Have asked the question several times and no one on this board answers, what is the value of ARP without the distribution. At $60, $3 gas for several years, the equity value is zip. And the bonds at 40 cents on the dollar tell you the debt isn't worth par value.
Still amazes me, they said the dist is likely to be adjusted and they still don't believe it or that the yield will still be ok even after the cut. Show me one co that cut the dist and the unit value went up.
This isn't rocket science. The annual dist is equivalent to $1.35 per mcf of gas produced annually. $2.35/mcf current price of gas less $1.35 leaves $1. And the $2.35 is HH, well head is less, no wonder they are shutting in gas.
You guys, if you make a dime, it will be out of sheer luck. That release is just the third quarter numbers already out. This is a high risk speculation, nothing more, and expecting the dist to continue as is, lunacy. Not sure there is much more than can be said.
You have to include the holdings of all of his imaginary cohorts, the aliases. That's at least a multiple of five or six, I've lost count how many I've ignored. I like the ones where he argues with himself. Reality is a challenge.
The drill partnership season heats up and oil is at $40/b for the EF 90% oil wells. And in the $50s for as far as you can see. But we still haven't seem production numbers for the wells. The IPs looked mediocre and they could have presented them on the conf call but chose not to, ? And lumping the EF numbers in with the Rangely Field, that seems curious. Seems if they had good numbers, they would have been touting them for a couple of reasons.
And they're surly when they make a penny or two, must be the anxiety related to the investment. And the dist adjustment is on the way. I'm sure a cut will drive the unit price up. Will be leaping for joy.
You turkeys said it was money in the bank at $3.10 and it's $2.30 now, down 25%. You must really see value now, 57% yield. The market sees paying the current distribution as being irrational but you all have a different view. Let us know when there's blood flowing. How about a $1.30 per unit, 100% yield on the way.
Sure is nice to have all of these turkeys on ignore. The topic line that Herz is CEO, shows how much speculators here know anything about what's going on, buyer beware, listening to their inane comments, except for the humor. Won't be that humorous when this bet tanks. And the whole sector.
The futures strip shows a $58 oi price in December of 2024, nine years from now. And the turkeys on this board are bullish, guess you have to be clueless to buy this.