Seems like all oil related stocks are down big, Not sure if it is going to rebound quickly. PSXP $59,VLP $45.BBEP $3.RRC 52 week low @$43. A lot of them cut in half from 52 week highs. Maybe SHLX will have good news at earnings,some companies will be stronger and not crash as bad.
I just bought some,6% drop. $24.price target. Not many shares out,could go up on any good news.
Approximate date of commencement of proposed sale to the public : As soon as practicable after this Registration Statement becomes effective.
Maybe the outfits that bought the private placement are selling today,making $8.50 a unit. Looks like almost 1 mil. units traded today. Selling too soon, another $10 bucks easy.
Don't people know getting added to the Alerian is a good thing,SHLX will get more exposure and more buyers.Don't sell now,that would be like someone did a couple months ago,selling about 1 mil. units around $39..
Someone spent $95k betting SHLX price is going to be over $50.by June 19th. Their breakeven is about $50.45,under $50.,they lose $95k.
The market is realizing what we have known all along, SHLX is getting some volume today. Also doesn't Morgan Stanley have a $90. price target for PSXP?
Yeah, You might get a deal on SHLX on a bad day. Might be volatile until the next dropdown. One day a few weeks ago volume was over 1 mil.and it went down a couple dollars,but recovered a few days later.
SHLX is what I like the best right now, If Exxon or Chevron come out with a midstream MLP,then I will buy that,but I am going to keep some SHLX because of the years of dropdowns to come. If RDS closes on the BG takeover,years more of dropdowns. I think BG has assets in Eagleford and Marcellus.
Yeah, I regret selling some PSXP in the $40's,never thought it would hit $80. Six months to a year from now SHLX will look cheap at $44.
My luck I sold my trading shares @ 43.33,right at the start of the 1.50 run. Also sold Oct. $40. calls@6,way overweight on them. SHLX is 95% of my holdings,betting the farm on it.
yeah, also some funds got in early like Chickasaw and Tortoise,now with the PIPE Goldman and Kayne Anderson are in.Funds and Indexes will send this higher.