Waiting around to see if "dis suka gona fly". Plan to collect the Divy and buy again.
Bought SDRL and RIG January 2017 Calls. Limited downside, humongous upside. Now looking for some more Upstream 2017 plays. I think the old 1970 Polyester Double Knit need to get back in fashion , i think it was made from petroleum and my wife said i looked like a Christmas tree with green,red and yellow all clashing :).
MCC has acted a little weird, the divy might be cut. But i have some and will add by next week. This is the time to buy the beaten down and to sell any big winners before Jan profit taking. If it implodes you made a bad decision:)
A knowledgeable associate has traded GLAD for many years and based his Dividend trading system the trading results . In his opinion( which I value) GLAD was a more reliable monthly trader. But that is not to disparage GAIN in any way. I have no plans to trade either, preferring high volume BDC with grater liquidity.
SLB is a excellent oil company but not sure it's for me. The chances of SLB being a two or three bagger seem remote. But put on my watch list .
Jfnh1,I read up on The Baltic Index (BDI) and found it interesting and useful. The BDI is a Leading Economic Indicator for world economic activity which is on the low end at present. I put the Bloomburg version on my favorites list and will use daily. I have traded CPLP and NMM for years without really understanding how they worked. Knowing there PPS increases on the run up to ExDay worked well enough. Thanks for the good information.Phil
The monthly up streams were /are populated with retail income oriented retirees who spend there Distribution each month to live. They stampeded easily. CLR is a different "kettle of fish" as you will learn. There's a obnoxious short on the RIG MB who ends every post with "Watch and Learn".
Let's see we have Harold Hamm versus a nameless Nimrod stock fairy who sounds a might desperate😢 The early shorts made a bundle while the "weasel come lately" can perhaps make a buck. CLR will be a good ride on recovery.
With Bonds you will miss out on oils recovery . I have some for income interest and a nice discount. I started light because I thought the prices would drop when interest rates rise. Bonds are holding debt and act different from stock to a big extent. I trade with Fidelity and studied on there website. Stock is where the big money will be made on oil recovery. This is common knowledge and will be competitive. The weasels are everywhere with the " don't buy" story line( ck the RIG MB), I don't wish to buy too big, too early and too high either. It might take years but your BBEP will triple but the PPS might drop half on the way. Once again long term patience with trading along the way.
Taco, in the last few months I paid some high tuition fiorbmy oil schooling:) Last time BBEP cancelled the Distribution it dropped to $5.50 ish then to over $20 something. When it happens ,add a bit and don't run. I might buy a bit next week but don't want so much I get antsy. This might be a long term play, perhaps years.
Also another deep water driller RIG would be a buy if they cancelled there Divy.
I was also playing the oil downturn buying Bonds at a Discount. I have some discounted LInn Energy bonds that yield 12%+ and mature in 3-4 years. If interest rates rise they will be on sale again. What I like about Bonds of oil producers is the valuable land they own. If they BK a bond holder can wait for oil recovery for the land to sell. Patience is the key
I like KMI also but it's not a up stream oil producer, more pipeline and refining. My only upstream at present is MEMP because it has the Most extensive hedges in the industry. I am looking at SDRL who cancelled the Dividend. I would wait and be patient to other who cancell or cut there Dividens. Look at BBEP ,VNR,LINE,LNCO,CLR and others. I was looking today a SDRL Long calls January 2017 looking to buy next week. Patience is the key. My last of patience has cost be considerable. Phil
GreatBarf,IMO the winners will take a "breather" in early January on profit taking . I do plan to buy a SPY Put next week on a high if all works out. I have a few KMI shares but no feeling for there value.
Dry ship, Containers. Don't claim to be a expert on them I just trade them. I have never taken a Dividend , always selling on the run up. Try a little bit and see how it works.