looks interesting, pretty decent B/S and decent cash (and cash flow) position to whether the storm. Vancouver based ... sometimes that makes me a little nervous, a few have gone by a different set of rules making the others look tainted. Do you know anything about their management ?
it is a gorgeous area with a lot of gourmet - my exercise regime has to increase each time I go (each summer, my wife forces me ha ha) but it does get hot! Never visited during F1 but i have a friend in Monaco who says he has to escape leading up to the F1 cuz it gets so busy/crazy. Lots of 'green' around Monaco, makes your head spin.
From my DD, MEMP and EROC are 2 of the best in this segment because of their safety and distribution %. Like is said above, i think MEMP resets to about 18-19 unless there is some 'punishment' because 'they resist' cutting the distribution, but as others have written it looks as safe as one can get at this point.
with a little luck, we can all lock in nice chunk in annual distributions if they both (MEMP and EROC) dont cut. what are you playing ?
Well, we have very similar tastes ,,, but we have different appetites for risk! Ha ha
if u are betting oil will be given away at that price in April you might want to do a 3X leveraged bear ETF. I am betting I can have 30k of memp earning 15% into the forseeable future, and with LINE/BBEP resetting at 11% I think MEMP is going to 19 pretty quick.
See you in Nice, I will be the old guy with the pretty young things all over 18, drinking Krug.
bicepsbunny, that is EXACTLY my quandary. I am fairly certain LINE will reduce the distribution, however I think it is probably baked in the current price. So if there is a cut, my sense is the price will pop 'in relief'. Some people are trying to make it seem that LINE will behave like CVEO who suspended their distribution yesterday and the stock is trading down 40% PM but we are not comparing apples to apples.
and ask yourself ... why is a specific fund dumping during the last week. that just might scare you ? because maybe they know something we dont ?
he is advising you to sell Jan 2016 covered calls and buy Jan 2017 calls - in my humble opinion. I personally would not do that, but it is not a bad idea.
possibly ... CEMP and TTPH are both potential targets.
I have been nibbling, the last 3 days, in oil and gas MLP's which have solid distribution coverage - names like MEMP and EROC. am also stalking LINE, which will have a distribution cut but has a $2 Billion on sidelines for distressed purchases, would be nice to get it in single digits.
LINE in single digits would be amazing, the question is do I wait and hope for that flush or do I buy an opening position as we come to the end of year ? now have 15K EROC shares to go with my calls. will hold at that level for now.
I like the way you think bicepsbunny. just bought an opening position of 11K EROC shares and 30 Jan 2017 $2.50 at .65.
Also bought 10K MEMP, and am stalking LINE.