A number of MLPs tied to NG and LNG fell toward the end yesterday. We may have to wait three weeks until we find out what is happening with the distribution and then forecasts in the quarterly report in early Nov. I would assume they are still on track, but the volume is so low in this MLP that anyone can push it any direction who wants to.
The presentation was old news and told very little about what will happen as their capx facilities come on line. It impressed me about as much as other investors who are dumping the units.
Looks like as the info regarding the opinions of the Grube's selling at any price sinks in, CLMT price takes it in the shorts. Jennifer never was a fan of CLMT units and only sold considerable amounts when her window of opportunity presented itself. The new former Koch Bros exec taking over CLMT may have his hands full with this mess. Wonder how his options are priced?
A lot is being written about the demise of diesel because of the Volkswagen fraud. It is obviously overstated because automobile diesels are such a small part of diesel engine uses, but we may continue to suffer in the meantime. Would be nice it the new execs could put out some news.
why would you not wait until the end of the trading day if you are buying SXE as the high is normally near the open and it slowly dies to new lows near the close as some holder dumps every day?
I wouldn't go that far as the SXE chart just looks like a continuation of the death spiral and someone just dumps every day-typically near the end of the day. Hopefully we can get some positive comments and actions once the new key hires get their feet on the ground.
From online WSJ: "Some smaller companies are already negotiating with their lenders, dumping assets at distress-sale prices and delaying payments to vendors as they try to preserve cash." And the best EVEP could do was a sweetheart deal with their sponsors using the borrowed cash at a cost that represented oil way above the present price?
The market doesn't seem too enthralled with the former Koch Bros exec. The need to maintain a refinery so it doesn't blow up is critical, as can be seen by recent failures at other refineries owned by others, and the Kochs are notorious for thinking environmental controls are a joke and can be handled by politics like they have done with the explosions of their Texas fertilizer plants that killed quite a few folks.