Remember buy low sell high?? I don't think oil can go much lower than $40 because companies won't pump for losses.
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 They are preparing for strong changes when the Jones Act is repealed.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.
Nice article nicer company! Oil will not stay down!
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.
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.
And longs should be buying. Take a look at their distribution history throughout the crisis and last 40 years! This is an investment! Distributions are your friend. Push to open up our energy trading with world will be coming soon.
I have $52.00 basis in BPL. I am long! I will hold and buy more and wait for exports coming. Too bad I am paid over and over by shorts like you. I might have been wrong about buy in point but long term through war, peace, oil price fluctuations and crashes they have paid . Just look at the distribution history!
Wonderful management always thinking of what the customers need and want. Like breakfast all day long! Love it!
Tell me who since you seem to know. Seems like they announced huge step up in distribution while others raise by a penny.
See how well it bounces back!