Re-read the MEP material accompanying the earnings report--they are trying to figure out how to dump MEP, not buy it themselves.
or they got the unit price low enough that they found a buyer, per their announced intent to sell.
Have you read what is happening today? EEP wants to sell them. Any guesses what they will get? Not much market for something losing this kind of money.
Looks like when the 12 insiders cashed their options in, they were expecting BK. What a nightmare of hate by this outfit re: their "sucker" partners that own units. Just like I said, a CEO trained by the Kochs and almost as hateful.
The guidance from NGL has turned out to be bogus every time they comment on their safe distribution "for two years". How do you have any idea what is really going on with them and what will happen in a year? Based on their track record, I would say they are the worst, not best. Luckily, I got out near $15. May be wrong, but you don't sleep well at night with NGL.
anybody figure out what is going on with forms reported today?
Time to change your meds. Ratings/Target Price Changes Log 04/25
Calumet Specialty Products Partners : Credit Suisse cuts target to $6 from $11
Distribution is the big concern. MEP is priced for a cut. Hopefully the comments during the last conf call will hold where Enbridge will back a distribution that is the same as last quarter.
Good question--if I knew the answer I would be on my yacht on the Mediterranean instead of here. What has been the hardest in this period has been the outright lies of companies about how they were being taken care of by the sponsors which then walked away.
That is what technical analysis is all about--identifying moves by people that are in the know--legally or otherwise. I started buying in the eights when it became obvious it was being accumulated--ended up with about 20,000 shares with avg about $8.60. I live on the west coast and when I got up and turned my computer on this AM, it was already in the low $15's. I did a quick analysis and came to the opinion it should be in the $12's or below, pulled the trigger and unloaded just under $15. I have lost a lot of money during the energy debacle of the last year and a half, so not bragging about how astute I am. Just indicating that there are ways of playing these types of moves besides being paranoid about insiders doing things they should be in jail for and claiming you got screwed.