It is called day trading and if you have several million dollars it is easy to swing a stock. Buy it at $74 range and sell it at $77 range. If you buy just 10,000 shares you make 30,000 over and over until the distribution guys buy in to collect distribution. Then there are investors who are picking up shares every time it goes into $74.00 slot. We hold knowing this company is well run and been in business for over 125 years and seen it all- recessions,, depressions, war and Obama. Still overbooked.
I do not see the logic in importing oil from half way around the world being cheaper. Pipelines here in USA are the cheapest safest route. No terrorist, no pirates, and cheaper and safer than rail. There will be some weak hands that will fold during this but there are buying opportunities too. I believe what I said about PAA is proving right already. Remember, oil is down and we are no where near a distribution, yet this stock is bouncing right back. Think of how strong this will be one we have been through a few more polar vortexes and distribution is coming. Easy $60.00. BYW
Why isn't my post showing. Big Boys control these boards to manipulate little investor?
So if the ask is 55.00 you can raise your ask to 110.00. Folks are trying to steal our shares right now or the whole story would be coming out. Pipelines have long term contracts, utilities only make more money etc. See you in February and June when the prices are right back up.
Everything the left says or does is to break America. They are Communist. Read the 40 Goals of the Communist Party and you will see they have been destroying this country since LBJ. Look it up before it is gone!
to whatever double the ask 10 minutes before open. That's how the big boys control things.
Talking heads don't mention that. I think that this is a time to buy o dips and wait for January. They are pushing retailers and economy being so fantastic. That is somewhat BS. Oil and gas will be more in demand especially when they start burning oil fields in Middle East. Big Boys driving this to grab shares cheaply before that happens. Of course in the old days our army would be bombing ISIS held wells right now. But we do not fight war like we use to. Bunch of idiots in DC.JMHO
our country. Pipelines have extended contracts at set price. Our country will use our oil and pump not a reduced rate but at a greater rate in order to become free of middle east. If you think of it, what do we really need with the rest of the world. Build it here, sell it here and jobs will grow and wages will go up. It's called American prosperity. The damn politicians have sold us the bill of goods that we need the rest of the world. They need us more than we need them. They are coming here to manufacture now! Give me a break! Buy American!!!!
El Presidente has not done anything positive for an American. The liar in chief will suspend elections after declaring martial law and then we will see the liberals cry.
Well, I guess I am glad to have this stock today. As I said earlier in week. Insider buying seems positive for buy out or merger. What do you know, more insider buying and we are up .83! I am $8300 richer today and have the distribution to look forward to. But someone out there thought this stock was a Ponzi scheme / dog.
I am a large investor in MLP's for distribution as a retirement income. My thinking is that oil and gas are here to stay and in fact as other countries needs grow the price will go up. Also, under this weakness of oil, a lot of smaller companies will get bought out. Meanwhile I am owning a stock that pays me back 13% on my investment a year. Insider buying is also very key to buying a stock and this stock has had a lot of buying. I could go buy some stock that has run up recently but I like getting a "deal" that great not just good.