I'm shocked that he waited until now to downgrade. Has he been under a rock? And I think someone else downgraded the whole idea of MLPs and included all of them. Honestly, its a little late, lol. I think its analysts covering their jobs realizing that MLPs are so over.
ENB announced that they are doing some asset sales and went up in response. Not sure how that should effect EEP but EEPs div is too high and prob why MS analyst cut.
Imagine a tax on all those gazillions in the Clinton Initiative. Hillary didn't need to stay in the Presidential Suite and fly first class and hire her daughter to run errands and deduct charitable contributions from her taxes. Did she? Leave the middle class alone!
Meyer doesnt want to see any bad comments about her lack of managerial prowess so shes getting rid of the old Yahoo Finance altogether. And the graphics, content and overalll use of the new Yahoo Finance is awful and unusable. As is Meyer's leadership.
FIRE MEYER before she does more damage.
I was trying to estimate a fair value for the company not based on current energy prices although I guess that is how one would value it. But hard assets have to have a minimum replacement value and infinite isnt a good starting point. To make up an admittedly silly case in point, if there were lawsuits on commercial rents in NYC and there was a rent strike and no rents were being paid for a period of time, the value of the Empire State Building would not be zero. It would not be the value of the current $0 rents and it would certainly take into consideration the long term value of the asset. It would be stupid not to.
It isnt a sound investment in anything at this time. Stay away from oil. The dems will destroy fossile fuels of all types and all of them are targets.
More likely the market is pricing in some refinery closings leaving more crude on the market. But that's a short term issue. If the world economy or the US economy strengthens, then crude should do better. Longer term, I doubt its an issue at all. Depends on your time horizon.
The oil doesn't go away. Some of the smaller companies may go away. Hero is going away. But Hero's assets don't go away. The oil or shale or gas or whatever the asset is doesn't go away. It simply waits to be exploited by someone else at some future date when its more economically sensible. So? In the longer run, what exactly did the Saudis gain by all this? They put some little oil companies out of business? So what? Could someone please explain the lasting effect of all this sturm and drang.
Simply awful, got out a long ago but feel sorrry for the people who stayed. Just shows to go you. Never listen to the talking heads on CNBC making a killing on the naive elderly looking to survive in a 0% economy. And now a 0% increase for SS. Just shameful.