Were they serving Kool-Aid at that 4th of July Picnic?.....
Well, here's a little newsflash.Judging by the stock price tanking, I'd say there's a lot of "stupid" people out there. And time will tell, just how stupid they are.
Once the subsidies go away for solar and wind, it will literally be "lights out" for this renewable energy nonsense.
What CEO of a pending merger/acquisition isn't adamant that the deal will go through? And what CEO doesn't want to divest more than he has to? Other than the fact that your comment is rather meaningless, there are three things this current administration does not like:
2. Oil & Gas industry
Unfortunately, the Halliburton/Baker Hughes deal is the trifecta. You can kiss this deal goodbye.
Kudos to you for getting out at $141. We can never call the bottom, so I'm waiting until CMI starts to recover, before I start nibbling. Regardless where that is, it will be a good entry point over the long term. Buy the company, not the stock. Long term, CMI is a keeper.
Yes, your pappy is legendary. I'm sure we've all heard of him. If he really has been in oil for 80 years, then he's probably closing in on 100 years old, and I would imagine that his biggest priority isn't the price of oil, but likely, how long it is before it's time for someone to change his diaper.
I concur. Everyone in the midstream sector that I've talked to has said that it will likely be years before the MLP sector recovers, and that includes EPD. These are definitely tough times, and to think the midstream sector is immune from the pain, is kidding themselves. I would say that the DRIP is only one of several benefits that shareholders take for granted that is on the table for possible cuts.