Jeep , Currently not in Drillers. Holding upstream MEMP shares and LINE Bonds. I was in SDRL when they cut the Divy, $4 Ouch !! Plan on RIG doing the same. I consider them a trade only but might buy a long Call on next free fall . Stay small and insure those RIG shares to protect from a cut Dividend. Phil
Is time for dogdoo1 to double down. If it hits $42, double down again. Take a vacation and leave in on automatic. Those pesky posters that say KMI is not aligned with crude prices are just mean. Dont worry about stepping in the doo there dog:)
LINE will go up and down like a yo-yo for awhile. Perhaps a long while.
Memorial Production Partners LP Announces Common Unit Repurchase Program
HOUSTON, Dec. 18, 2014 (GLOBE NEWSWIRE) -- Memorial Production Partners LP (Nasdaq:MEMP) announced today that the board of directors of its general partner authorized the repurchase of up to $150 million of MEMP's common units.
"This common unit repurchase program reflects our Board of Director's and management's commitment to increasing unitholder value. We believe that at recent trading levels, repurchasing MEMP's common units is a prudent investment, and given our strong balance sheet, we can implement this program and still have sufficient liquidity to grow the partnership through accretive acquisitions and the development of our assets," said John A. Weinzierl, Chairman and CEO. "Further, despite the recent commodity price volatility, we remain confident in our ability to maintain distributions based on our strong asset base and best in class hedging program."
Under the program's terms, units may be repurchased from time to time at MEMP's discretion on the open market, through block trades or otherwise and are subject to market conditions, applicable legal requirements and other considerations. The authorization is effective immediately. The repurchase program does not obligate MEMP to repurchase any dollar amount or specific number of common units and may be discontinued at any time.
Short shops will find them attractive after RO, so they can grain the goose until another RO is needed. A Duke Energy Bond yielding 3% is a better buy and hold investment than a Cornerstone Fund.
Let the good times roll ! ! It time to party, forget about the last few months and everyone invest there last dime in this cant lose market. When the euphoria cools then the powers that be will go back and reread the Fed announcement and realize the wording has been changed. If enough new money has moved in the trap will spring. My only regret of the last few months is being wrong at every turn :)
Good investors trade long and short without ever considering a MB. They are busy with no time for BS. Making a show on a MB is a indication of a small timer troll hiding a poor self image. While I think Upstream is a buy , best trade drillers for time being. Those of you who want to talk to trolls have at it.
Patience Grasshopper said the blind monk. The last week of the year is usually interesting with low volume, last time for tax selling and PSEC exday is 12/29. I wonder how many wait for the Divy to tax sell?
I started a position of LINE Bonds, cusips 536022ak2 and 536022ac0. The yields were up so i tried to add today but Fidelity had none for sale. Might have to wait for the next down turn.