reuters rates them an 8 and the payout ratio is 751.72% per etrade while reuters only gave memp a 5 overall. this is a freebe but decide for yourself.
my cost basis is so low and my distributions too great to sell any of my units. if lre goes down, I will just buy more. it is cheaper than anything else in my portfolio while making me more money than anything else in my portfolio.
doesn't matter in the grand scheme of things. even if they do, it will mean they have something to buy and I will get more cheap shares - and more great distributions. quit trying to use us to scare everyone and make money on your short positions.
thanks for the little dip. great time to buy and hold another few thousand or so shares and just in time for the distribution! I gathered as many cheap shares of vnr, as I could, have been holding them and now they have been going up just like b&w said they would. what a blessing he and his methods are continuing to be to me. love lre's continually rising distribution in spite of whatever analyst comes out against this great for me stock!
I hate to summarize someone else's post as can't do them justice but try reading buyandwin on vnr board about being happy the shares are cheap so you can drip more shares and those more shares also get distributions the next month and the month after and just being patient while building your stock shares? I was looking for an example but he has been posting a lot so whoever is interested can find them.
as I was reading your book (still need to finish), and found myself getting smarter than everyone else, it was a struggle as to whether to share what I learned. thank you for your generosity and your patience that have been so helpful to me. I am doing so much better and do plan an update.
happy investing, mo
if you google texasgasprices alon and go to texasgaspricescom you will get even cheaper prices for alon than big spring - from 2.77 to 3.05 for the last 24 hours.
go to motortrendcom, big spring, tx. 3.069 on wasson is the lowest price 7/11. gaspricewatchcom has 7/11 on marcy @ 3.03.
it looks like 7/11 300 owens st is the one located off IH 20 in big spring 432-263-2291 or alon 1100 n lamesa hwy IH 20 432-267-7132 saturday regular $3.09, diesel 3.82/ 3.09 today. there are 2 5 stars in town, a phillips 66 & alon on 3315 e fm 700, 432-263-7400. this should get you the information you want to know. hope it helps if this prints.
It was looking like I was going to be able to pick up some cheap shares, less than 16 and headed even lower before the january distribution. You are not helping my game plan. & have you seen alon?!! only $2. to go for break even. How are you doing as the oil Baron? Happy Thanksgiving! mo
selling losers and adding to winners was also a common theme. tiny lre has been my tenbagger - up over 84,000 after my many shares are covered. then there is evep where I am down almost 94,000 from holding it too long.
I did consistently well until my sister finally died after many years as a chronic pain patient during which time my jealous spouse made it almost impossible for me to see her. she had a way of making us laugh at the mean people in our lives - as well as at our reactions to them.
thanks again for helping me get back on track,
it is easy to understand but started getting bogged down by chap 4 and started skipping around - not my mindset. rather than miss anything, I will get back to it this weekend. so far, this is what I got.
there is a common theme against diversification making the whole book worth reading as you must know. I am happy with all my vnr and will be working harder on making it grow more. it was the continual big red 8 making me doubt myself. I am glad I stayed out of line. evep didn't fit my plan and was getting rid of it just before reading something about a turkey trap. lre has so few shares out and I am glad to have so much of it. (I bought a bunch of bbep years ago a few days before they discontinued the distribution, sold it and never looked back although tempted)
hoping not to offend anyone. this is just what I got applicable to myself. thanks for the book.
best to you and everyone else, mo
He does alright. I am working my way back to 1&2 - just got momentarily distracted but am back on track, thanks.
re biker, I seem to keep about the same amount of vnr no matter how much I sell. it has been so profitable I tend to take it for granted.
b&w, Thanks for the wonderful quote!! and your words of wisdom!! I am paying attention. vnr has been so profitable for me that it has provided the resources for the mistakes I have made the last few years for which I am very grateful. guess maybe I will always need more, thanks again.
Although I also believe vnr is the best and it gives great distributions every month, optionshouse has been continually placing a risk score of a big red 8 on the top of my account with the explanation of needing to reduce my position in vnr because of what it will do to my portfolio if vnr falls. The only way this tag ever temporarily changes colors is if I buy a different stock - very manipulative, disconcerting and negatively affects the amount of margin I am allowed. (don’t remember their ratio)
I ordered a copy of the neatest little guide to stock market investing 2013, thank you again.
gotcha ed, looks like you do have a good list that covers about everything,
that’s kind of how I feel when I am out and see alon on the 7/11 signs. (7/11 stock is selling on the nikkei for about $35. as 3382) I shouldn’t ask this until it goes back up but what could be more cost effective than manufacturing and selling your own product??!!