Agree, and if and when the Jones Act is over and done with and the USA gets to compete worldwide, this company will be fantastic. Also, this company has been through different market ups and downs for 100 years plus in some form. Oil price is low now but how long will that last with the Middle East and ISIS.
So nice of you to post. However, I find that posts like this are usually right before distribution and designed to strip shares out of longs hands into theirs.
Nice article nicer company! Oil will not stay down!
End of year estimate. Could be we are where we are for a while but if you look at the long term this is a company to own. They are preparing for strong changes when the Jones Act is repealed. They are sitting at the crux of huge earnings in the future. I will collect my $4.60 plus and wait for oil to rise.
Remember buy low sell high?? I don't think oil can go much lower than $40 because companies won't pump for losses.
Don't sell now. Best quarter coming with all the summer driving season included. We will see $165.00 JMHO.
I plan on living on the distributions and leaving it to my child and her family. ps. When funds are buying they take the shares they own off the market. No one bids against themselves. I don'' have my shares in support right now because I am buying.
I also love that since 1988 they have never reduced the distribution and they have been in business for over 100 years. Been through many ups and downs and always come through for their stock holders!
Bought every time it went down to 146.15. Strong recovery at the end.
Folks are selling tech and pharm. Buy low sell high!
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.
Love this stock and what you said about shorts. We have already seen a little covering but it will be greater towards 9/17.
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.
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!
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.