The preferred shares still seem like a better deal than the common - which seems to continue to drop in value making the high distribution mute. The 9% distribution on the preferred is very safe unless RSO declares bankruptcy. Meanwhile, the distribution on the common keeps getting cut.
WOW - I was expecting the dividend to be cut in half - but not down to the $7 range!
Good that they are being realist I guess...
BBEPP now looks like an even better deal since the only risk there is bankruptcy. I'm still waiting to buy though. I still see oil dropping further.
Great dead cat bounce in EVEP today by the way.
TRADING is still king! Sell when SPX crosses below the 20 DMA - wait for the VIX spike - and buy as soon as there is a reversal. This method has worked for months now!
Just sold my shares @&12.97 that I bought for$10.27. I'm worried that the ECB will disappoint. If not, I'll buy back in.
The cash didn't go anywhere. It is still safely parked in one of Guo's accounts in China where it has always been. And that is where it will remain. You as a foreigner have no rights to it. China protects its own! Unlike the U. S.
No, but only because I was on vacation today. If not, I would have bought it and put in a Stop-loss order. Yesterday could have been the bottom, although I doubt it.
Futures are way down, so if there is capitulation selling on the open, that could be at least a short term bottom. Still in this market $9 is possible. Panic is PANIC after all!
The market gods are good. Panic selling has now pulled CVRR down to $15. But can they be not just GOOD but GREAT and pule the price down to $10 by Feb?
I will keep praying!
After the big drop in it's holdings, the NAV is now less than $6.50. But that's not stopping some fool from paying over $1.00 more than it's worth today - amazing!
Of course it will be cut by half, but don't expect that to stop the bleeding. Look at the others who cut by half - they are still falling. Until oil prices recover all the energy MLPs are toast!