more sellers than buyers ?*!, seriously it looks a bit more subject to ups and downs based on its brief chart. If you follow the "stock gumshoe" he bought some shares this week in his personal account and has some comments on the stock. his website is http://www.stockgumshoe.com/. it is currently paying 6.6% yearly on a monthly basis, obviously has a brief history so far. looks like a good defensive sector healthcare. i am retired and looking mainly for income and am considering buying.
i think a prudent techiical approach is to look at LT history, the chart for oil shows a bounce or 2 in the past. will i hit the exact bottom no but will get reasonably close would just rather buy on the way up vs the way down, ideally like to see it rally and then go down and touch the bottom again or perhaps twice, show a pattern that is a technical indication that we are within a few % of the bottom. also look at inventories that will peak for a while yet and then begin to flatten out, if oil starts to move up prior then we may be off the bottom a bit but still have a higher probability of the trend being on the upside.
the narrative goes like this. they are hedged for what 1-3 years so can pay the div(assuming the hedge contracts do not go broke and renig) so you can weather the storm because oil has to go up LT because cost of production for a portion of new wells is above current market and old ones particular fracking ones depleat faster so need new continually so it is only a matter of time, how long is the question. But why buy until the chart for crude bottoms and thrashes a bit and then starts up.
i have a small position in this at about $25 in one of the grandchildrens accounts. based on what the poster says about the demand for compressors something does not make sense, either this is being beat down just because of the low oil prices so is basically emotion or we are flat missing something fundamental. poster does not really work there or is clueless ?,latest order demand is dropping dramatically ? just flat bad management ? cooking the books ? whatever.
i am long here but only recently so am south of purchased price, i think that the location of the company is always going to have a negative effect on the price relative to a US located company.
recommend that you read and understand the structure of an MLP, that will answer your question. If this is snarky I apologize but you should not be investing in this type of security without understanding what you are getting into. In most cases the statement that as long as earnings are positive the distribution, not dividend is safe is true. Many MLPs pay generous dist and have year to year losses. these are more complex investments and there are some ramifications like K-1 forms at tax time and some restrictions when they are purchased in IRAs.
you seem very bullish on this stock. i notice that zachs has a strong sell on it. i have taken a position today because i like the industry and barring total mgmt ineptness it looks like it has limited downside at this point and potential to go higher. on yahoo the analyists start with high earning and then keep cutting as time passes, it take it you feel this will reverse in the next 6-12 months as new revenue comes on line.
Breaking news the secret service caught another fence jumper at the white house, oops it turned out to be the big O trying to get out !
wow congrates, i believed the advisor baloney about not putting MLPs in IRAs for years and have only been in for the last 10 or so. I think that having them in an IRA solves the basis problem and if it is a ROTH even better but am no expect for sure. KMI ranks right up there along with EPD and others as fantastic investments. I particularly like the pipelines to a degree isolated from energy swings because they are just transfering the product rather than selling it.
i have owned and sold MMP, MPLs have had quite a ride and really rallyed today after the Fed talked about printing more money. i am at a point in my investing where i am looking more for income than grow and MLPs have been a great fit. was in EMES but sold too early, never bad to take a profit however.
hey, thanks for a civil reply. i was asking about earnings and did not make that clear. after a brief search including the Co website i could not find ANY earnings info other than the statement that they were profitable for the quarter, i assume that it was just barely, they do have impressive revenues.
First a little history I was in at 25 and change and sold at 55 before going on an extended trip, then kicked myself a bit. It is definitely looking better but I have some concerns:
1. MLPs are in the toilet anticipating higher interest rates and decrease in price of oil.
2. Fracking costs more than normal drilling with poorer long term results so is less competitive when oll goes down so less demand for sand.
3. Because of NG being cheap relative to BTU's produced vs oil, where it can be used vs oil it will be.
4. Will the market continue to tank
any ideas as to the reasons for the on going disaster here, i bailed long ago but still have BXE in the grandkids accounts, would buy back myself if we ever see a bottom here.