OK just looked at the report again and got lost in the details again. they did double the number of shares and have the capability to do much more but would be nuts to do so at this point. All the numbers that mean anything to me are great, so do not know why the price is so low. Here is the latest seekingalpha article:
For info this is a natural gas play not oil, and you are correct it is being touted by every service and his brother for its fundimentals. NG is sort of hanging in there but commodities in general are going down. Oil to $95 bucks today a 13 month low. I am personally 85% in cash and just watching basically. I have had to grit my teeth a bit as several MLPs have come back stronger than I anticipated. I was in for the BXE runup this last year but did not get the high of $10+, I sold at $8.50 on the way down. I am kicking myself because I did not bail the grandchilderns ED IRAs as I thought the BXE selloff would be less than what has happened and I would get back in. Their accounts by type can be much more long term. Perhaps some smart person can shed light on the selloff I am sure at a loss, I just do not fight the tape. They did a major oops,no no, stupid deal whatever you want to call it in the offering that did not sell out. Also I could not make heads or tails of the recent quarterly report, I am going to look at that again and continue to watch, if they have the gas potentail they say they have and the big O doesn't totally ruin the country before he is out of office I think it is a buy here somewhere.
could this be similar to the down for repair/refirb that many energy and energy related MLPs periodically have. then the question would be how much is production affected,$ for new parts/processes and less production $ for cash flow and for how long. i held this for the previous runup and then gave up when it broke $200 going south. the price of corn is now well below the cost of production, do not know what affect that will have on N purchases in the near future, you can make an agrument on both sides. i would be happy with virtually no appreciation in the stock price IF they can hold the div. i am just looking for a stable income. i am retired with only IRAs basically and also fortunate enough to own a tiny piece of Iowa farm ground.
dilution of shares and potential for a new offering to cover the cost of purchase, no free lunch, positive side if bigger is better we are getting bigger, hopefully mgmt will rise to the occasion and increase distribution as planned or LT more than planned. I had a tight trailing stop on but decided to pull and stay long for now see what happens. with the low interest everwhere else MLPs the only act in town. our biggest risk is the govt doing away with the concept. Look what happened in canada in 2007 in CANROYS. And curiously is was a lying conservative who did it, considering what we have here is that scary or what it just takes a presidnetal order these day ?
the market did a # on this today, but in the short term there is no compelling reason to buy until a confirming turnaround. reading their last release they were expecting NG to hold gains or actually go up, this is obviously not the case especially today as it dipped below $4 for the first time in a while. Also world and USA events just suck and the white house best news is that the first family is planning another long vacation, talk about in denial or disengagement whatever it looks a little scary. patience is a virtue here. Still 50% in cash.
i agree that barring a break in energy market the fundamentals on BXE look strong. the chart short term looks terrible. Also the market seems to be topping. Also MLPs are not as strong as they have been over the last six months. Are interest rates going to make a hugh upside move here ? I am about 50% in cash just looking at the present.
wow great call on RRMS. i was in EMES from 30 t0 55, sold before a trip away from the computer and then watched it go to 110! is there more room in HCLP, got stopped out with too tight a stop.
well even a blind hog finds a truffle once in a while. It was more of an observation rather than an investment decison. i have been big in MLPs ever since interest rates went dowm. have them in the granddkids edu accounts and my IRAs and living with all the hassels of that. i am retired so want something that pays div/dis. technical is not my way of trading but i have never seen a clear up pennant fail, they just come along very seldom. scared of this market so have everything stopped with 10% trailing stops, time will tell on the wisdon of that.
I called the company and the next distribution is Aug 15, record Aug 1 and is a minimum of 0.2875 as stated in the prospectus. This stock is attractive to those looking for both Div and growth. If growth does not happen I agree that the price will probably stagnate, only time will tell. On a side note bought FSM the day before yesterday, currently happy about that but a STOP or STOP LIMIT is definitely in order. The horse and buggy brokerage that I used is a small company by the name of wells fargo, wonder if they will ever upgrade to provide trailing stops ????? BXE on the other hand is dissapointing if you are long,itchy for those of us waiting for an entry point, any other tips are for cost only have a good one !!! owe one other thing, the thing I am most proud of is my humility?
It was well on its way and then news must have leaked on the offering,it has not been the same since and the fact that the offering did not sell out is bad from a preception stand point. It looks like a fantastic buy here to me. I sold on the first major uptrend breakdown day and have been itching to enter back in ever since. Often times when an offering happens the stock is dead money for a bit. The fundamentals are there. Oil and gas are up due to IRAQ and whatever, long term risks are obviously the market itself and energy prices,company looks well managed and run. I am still betting on inflation and more Fed buying if push comes to shove. I do not see any way out of the deficit other than inflating our way out.
the new yahoo post of profit drop to 1.22 per share in 2014 and 1.21 a share in 2015 could be responsible for the drop. when you just post a multipul negative opinion without facts one gets the impression that you are short the stock