they get $92 per barrel on 78% of their OIL production through 2015..They get $92 per barrel on 68% of their production through 2016..Don't let the FACTS get in the way of your being naive or just dishonest and self serving ..They get near $5 per mmcf on their gas production near completely through 2017..More facts for you ..
also worth noting that their nat gas is hedged 87% thu 2017 at a "MINIMUM''..With other variables, RJ says net hedge is 100% on gas through those years...Coverage for distribution is only IMPROVING through the next two Q's...Buy low and sell high folks..When it's raining gold, it's good to put out a bucket per Buffett..I'd have less conviction without the hedges, but they were worth in excess of 2.1 BILLION at the end of Q-1...I suspect HIGHER NOW...
it's ABOVE your pay grade to understand the value of hedges and such.....You are a self serving spreader of fear ...
we agree COMPLETELY...Hedges and IMPROVING environment at least through the end of 2015..While hedges continue well beyond that eoy into 2017..Those hedges alone are valued near equal to entire company value at this level now. A tad short perhaps...I'm told and have read that.. Seem to recall Line paying a 22% distribution in the collapse of 2008..Do not recall that being cut while stock went much higher later..Maybe I'm wrong, but I'd bet NOT.. Current energy sector has been decimated much like 2008..I see OPPORTUNITY where others can not handle their internal fears..Be greedy when others are fearful per Buffett or something to that end..FWIW..
we are all entitled to our opinions..Where you see further declines beyond what we already have seen, I see fabulous OPPORTUNITY..Who is wrong will be determined by future events..I'm an investor and not any day trader....I believe the CURRENT distribution will NOT be cut regardless of what the market may be indicating..I believe the net coverage of that distribution is even IMPROVING ! It will continue along those lines into the end of the year at the minimum..
still holding with my losses rainbow warrior..Have had little BPZ interaction..You are just to naive or dumb ..Again, you can't carry my jock strap Joshy..Maybe you can your boyfriends, but not my own..
agree COMPLETELY....Capitulation combined with the herd trade at work..Heck, we might be even seeing early tax loss selling at this level...WAY WAY WAY OVERSOLD is putting it mildly ..
If I had your money and your brains, I'd burn my own and jump from the tallest building Joshy..Did you attend the rainbow event with a name like Joshy? ..Which in the crowd of cross dressers were you ? LOL...
I'm one RJ client who will be ADDING Monday after receiving a large check this weekend ...So, they do exist..Look at the SECTOR of MLP's..BBEP being another just thrashed...The sector shall turn...Wait for Q...They will beat expectations as they have done the past 3 of four Q's. Two weeks away you will see...Those hedge positions alone equal nearly the total current value of the company....Pretty SMART HEDGE they did ! Hedged mostly into 2017..Gas and oil...That's BIG !
correct as to when the symphony is loudest from those hacks, it IS a GREAT TIME TO BE BUYING !....I'll be buying another CHUNK Monday..
spot on with Bjosh bs Opinion..Nine cent trading is not the tyoe of INVESTOR anybody needs in any stock..Let alone his few nickles he plays with..
getting a LARGE check this weekend that I want to buy these WAY OVERSOLD cheap shares with on Monday ! One man's loss is another man's gain..This is a sector thing trouncing...Margin issues by some bigs..Selling will subside..Without knowing exact day, I'll suggest VERY SOON.. Perhaps leading up to Q CC, or certainly after they BEAT EXPECTATIONS and we gain 20% in a single day or more..Watch and learn shorties..Looking forward to the rodeo myself.
I know of some Bigs selling individual stocks due to the entire sector being way oversold and causing margin call situations..Margin has it's issues when an entire sector is thrown out....Getting a large check this Saturday, so I'm happy I'll be buying more "on the real cheap" come Monday..Margin issues and the herd trade will turn..Guaranteed..
you are really a shining star of ignorance..Do a little DD on the four sitting in Iranian jails..Your answer displays a great deal of your IQ and lack of knowledge rjm..Pretty amazing !
Tippy and Bear would have been followers of the likes of Reverend Jim Jones in Ghana in his day...Naive is describing those dudes mildly....It would be laughable if it were not such a serious event placing the world in harms way.
you are no different than a frog in a kettle of water with the HEAT turned on Mickey..An idiot too naive to know when he's being cooked ......That be you sir...Iran is laughing and truly can't believe what luck they've drawn having Obama as our POTUS...Not sure if 20 is your age or your IQ..Either one may explain your deep thoughts on the subject..