Do you consider the recent price drop a signal to buy? or below $50 if it gets there again?
Thanks for the input. The main concern is the infamous chatter of when rates will increase. All the talking heads are spitting out how this will hurt the utility sector. One guy called the utilities out and blessed technology on CNBC today. I like what CNP/OGE did and created ENBL. IF it turns out like OKE/OKS then the dividend flow on OGE & CNP will hopefully increase even more. The coal sale was a positive.
The only reason, I bring it up, sitting on a 57% gain from when I bought & hoping that VCC would be taken out. Go figure TEG got hooked before them by WEC. Again thanks guys for your thoughts.
PS - If the deal for TEG goes through, let it ride in new shares of WEC or bolt?
Granted it is not a growth stock. Thinking of moving where the ute region is hotter. Maybe cnp. Or a turnaround ute, UIL. Granted we get a .02 increase in November, seems that it is flat.
Txs - Hopefully this OLD tech rally, earnings on 7/23 and the hedge fund buy in will give EMC some momentum. On a another note, found a spec that is really traded thinly. BRFH pre-packaged shakes and smoothies. The guy is from AU and they have Subway contacts in place in AU & NZ. Shakely & Sizzler here. Plus new short term distribution agreement with Sysco. Operations in CO. My gut says it could break-out and then again they will need to raise money via loans and SPOs to market, etc soon. Only one negative, burning $7.5k a month for office space in Beverly Hill and low volume.
Noticed two more energy SPOs today, Diamondback and Compressco. Neither thrill me a these levels. All the best in investing ..........
Thanks for the info. TE has certainly participated in the utility rally up days. May of 2013 it was $19.03. All I can figure is that the NM deal is going to close, they are getting rid of coal or someone likes the .88 or business.
Insiders are option selling in may and july. Vanguard owns 7% as of end of 1Q.
Thanks I will search for the article. There is a sizzler next town over. I need to stop in buy a smoo or shake, if they have it. I'll ask for the product package too. Will probably get in less than .70 if possible. Not chasing as of yet. GL
Hi Jman, the symbol SHLX is correct. IPO date is not announced yet. From the article I read, there are only 2 refineries in the Phillipines. Concerning why it might attractive, SHLX is on/off shore pipeline in TX and LA where PBF is a refiner in NJ, DE & OH. Betting on either expansion via acquisitions with papa Shell drop down of assets or just letting it go and it will be gobbled up.
Personally with the gas MLP sector I have two, ENBL & OKS. I did get 100 sh MIC in the SO which is probably a customer of PBF. GL
Interesting refinery (phillipines) play and Shell midstream (US) play are coming from Shell oil. They announced these 2 spin-offs of the assets recently and should be completed by Fall. The Midstream scheme might be more attractive then PBF.
There is no 15% withholding on UK stocks on dividends. They are mostly qualified too. If that was the case, I would not own RD-B, RB, UL & UU to name a few in an IRA.
When ETN inverted with Cooper, US shareholders paid capital gains and ETN share price was reset. Dividends were treated the same.
So if you are up ABBV, the tax man cometh for you for capital gains.
I have been doing some DD and Fidelity has First Call Corporation (Thomson/Reuters) with the buy rec on 5/14/14. One neutral, Zacks 7/11/14. And one sell, GMI 4/03/14.
Is this Subway AU/NZ or do they have a Subway USA agreement. Also, have not finished my DD, is the AU/NZ Smoo part of the Colorado Co.? Or are they separate ? And why do they have an office in Beverly Hills at $7.5K
a month! TIA
What do expect? Why ask the question. When the acquirer streamlines the redundant workers you will know. IE In 2011, KRFT promised to keep CAD plants open pre buyout. What did they do? Closed some and moved some, post buyout. So who knows what the brains at WEC/TEG plan. Either way, heads will be reduced and if TEG shareholders take the WEC shares and keep them,they would be better off as the identified pre buyout inefficiencies are written off!
I bit and got a 100 at SO pricing. Nice business and dividend. I was familiar with Macquarie name when they bought out Puget Sound utility. Would I be correct if MIC was spun-off from the Austrialian Group of the same name? Or are they the managing partner? thanks in advance.