I picked up some at $144.00 too and added another 100 at $145.00. Might retest $139.00 and if it does I will buy 1000..
is at the bottom. Cannot agree more. Why would you not want to collect distributions off of MLP's while in bottom process. American oil is safest too. Majors have exposure to Middle East.
Insiders know a lot more than we do. I have 3000 shares but will buy more on the close if my order does not fill. $20.00 oil is silly. No one will pump for $20.00. Argentina has to pay $77.00 a barrel right now. Look it up! Canada is having the worst trouble, but oil will go higher especially with the Middle East powder keg.
with this call for $20.00 oil. This is the second time for them! Last time oil went higher the very next week. Think long term. Will we be bombing oil supply of ISIS? One big attack and you bet we will!
But I bet they covered their shorts. No one would pump oil for $20.00 a barrel. Why waste it? We all know we will have to go back to middle east and kill ISIS. They run their operation on oil money. Cut off their oil and cut off their funding. It will be coming soon.
Love this stock and what you said about shorts. We have already seen a little covering but it will be greater towards 9/17.
I own BPL and I expect to receive , let's say on 5000 shares, a total of $236,000 in distributions over the next ten years. Now that's a nice income and it does not count the stock rise or the distribution rise. My advice is hold or buy at the lows of oil.