Is it because of the GP spin off or the rail cars? I noticed that a lot of insiders sold in May. I put in a call to PR but never heard back and I also had my daughter buy shares a while back. Not happy
Thanks, I've been trying to figure what the downward pressure is about. The high price of crude,which I don't like,lower earnings due to the expense of the new acquisitions or the option plays? any thougths.
Would you mind explaining when the train is parked if the cars are decoupled from the locomotives. In the news they make no mention of this. The pictures I viewed don't show any engines in the derailment. Thanks
I tend to agree. My investments are in an IRA and at times when I see a position run up for five days I sell and wait awhile and buy back. I'm not a financial expert but in 4.3yrs I've done well however at this point in time I don't care for excessive risk. The IRA in retirement is a real gift.
I believe the last time was on 2/4/13. I've been wondering the same thing and thinking about selling for a week, but the temporary drop seems to recover in a short time so it's always a gamble. I accidentally caught it last time.
Hey thanks bj
I sold out paa just before ex div as I thoght it would retract as in the past. I've made good gains on this one and should have known that the market was picking up in general. I did buy epd on the morning of the offering and made a 4k gain and resold and am totally out of the market. In the past I've had a position in both and need to buy back in. I feel at this point I need to wait a bit for a little down turn but not to long as I feel that these two companies are some of the best investments out there.
Any thoughts on when PAA will do a stock offering? I think the last one was on 3/6/12. I'm looking for a reenty point . I was able to catch the recent one with EPD. thanks jim
Hey Arb thanks for taking the time. I called Fidility and spoke with a young representive who couldn't answer my question. I know how to pump oil and trouble shoot pipeline control systems and now retired. a little weak on financial workings but learning. jim
I remember the PSX and MPC spinoff when the analyst saying they wouldn't do well because of the high price of crude at the time. Well I still kick myself for selling MPC at $36 on the friday before the Memorial Day weekend. I've been trying to figure if the price of oil will increase and benefit COP.
There is alot of cheaper oil being produced in country and comming down from Canada, but oil around the world is expensive and hard to find. Appreciate any thoughts
Hey ARB thanks for the reply. I havn't owned it this time for very long. I've done better with PAA. What I can remember about the pay back is when they are up and running. I apperciate and respect your knowledge in this area as I'm somewhat new to investing and stick close to oil. I've managed to increase my saving by 200% in 3.7yrs. as I started in 09 when every thing was down. I've made some mistakes and left some on the table but I feel now that I don't want to gamble as much as I did in the past. I guess I got a little frustrated today. Jim
I'm starting to feel the same way, every day I think it will reach a bottom but it keeps going down. I do feel EPD is a good company but it's starting to make me wonder as I'm down about $14k and it's a major position in my IRA as I'm retired and used to work in the pipeline division for three oil co's. Years back they said when a new one was built that it would take about 3.5yrs to pay for it self ! I hope that we run into some sand on this silppery slope. How can some of the smaller Mlp's be going up when this giant keep's going down? LOL to all Jim