S&P 1700 is just over -5% from here..... Todays S&P close is just 14% off its high
Better bet is S&P 1600 which is 23% off the high.... Meaning that the 1600 level is just below a confirmed -20% correction
This is currently about 55% off its highs
Thinking of making very large EPD purchase in the high $18s... Which would be about 30% below the recent (Jan 4) $100 mil insider purchase @$26
There is a Forbes article about low energy prices explained by " a little ditty about Jack and Diane"
Well worth the read
Of course a poster on this board disagrees... and the chump knows who he is
surely you are capable of directly addressing an issue that you brought up.
you must have some form of factual basis to share
shares have rallied over 10% since your original post (over 15% on Friday), how does that fit in with your hyperbole?
Surely a big bold bad as could name a single customer that is going BK and what kind of revenue that generates for EPD
Being as you're a rocket scientist perhaps you can tell us which EPDs customers present the counter party risk and what % of EPDs revenuse comes from the customers that you have first hand knowledge of that are going to go bankrupt
IF you cant answer we have to asume that you were talking out of your as
Your boy Obama has destroyed the US fossil fuel industry with his foreign and economic policies
Starting with the US's role in deposing the democratically elected government in the Ukraine and subsequent sanctions on Russia
and culminating with his bowing before the Iranian Mullahs
The destruction of the US energy sector will give him quite the legacy though as it is going to result in one huge market crash
tell me again about all those oil field workers who were going to go work for Starbucks
Remember about a year ago and we debated the affects of the Saudis dumping oil in the US
You said big deal, I sad big trouble
Well today we see that energy sector layoffos have now exceeded 250,000 high paying jobs. That doesn't include 10s of thousands in support industries.
Wasn,t it Starbucks that you pointed to that would make up that slack?
Thank goodness for that Obama economy and the political/economic policies that have created the current crisis(Iran/Russia/Saudi)
To the insiders who just reinvested $100 million of their distributions
Even if you've had a frontal lobotomy that sounds like a good idea
there is no way there could be that kind of imbalance at the open on this...
Its some form of scare tactic
has a trade that is down 8.05%... $1.95
Skinz was the Obama loving fool who told me last year that the low oil prices were good for the economy and would not have a long term material affect on mid streams
When I asked how all the high paying oil & nat gas sector jobs would be replaced he pointed to the unemployment #s where new jobs at Starbucks were robust
He is now one of the biggest bears on the board
All MLPs do secondaries to fund new projects.... Its the contentious issue right now
Some believe that because it is used to pay for accretive new projects it is not dilutive in the general sense of the term
EPD is different from most MLPs as it retains about $1.2 Billion a year of operating cash flow to contribute to the organic projects
It is a big difference to say a KMI that pays out 100% of cash flow and attempts to fund solely by debt and equity
Well if I'm an idiot just tell me where you got your AMLP short interest # from
The gospel of Short Interest. the Nasdaq site says there is zero SI in AMLP
and ETFs/ETNs are notoriously difficult to short, which is why there are inverse funds so the only real option is naked shorting which isnt reported
So where does your 30 mil short in AMLP come from?
Its a fair question when you spout off and call others idiots
When someone sells out of an MLP fund where do you think the fund gets the money from?
Anyhow.... Its hedge funds that are selling because their big money investors want out of the market
has the FED ever been 1 and done?
And where do rates need to go to reflect a healthy economy?
However the carnage is only due in part to fear of the FED... most is due to oil contagion and the sustainable MLP model going belly up
EPD is running a sustainable model... but is lumped in... doesn't help that revs are off 40+%
Until yesterday the decline in share price mirrored the revenue decline