Finally somebody with something to say. If it takes 2-3 for normalcy I have to go back to stock market Dis Celg Bac etc We will have to live with oil at 65-70ish. More oil going to be coming from gulf and EPD is the conduit for moving it around gulf refiners. I am as I said moving to 20-25% cash waiting for CC's in early Jan especially from NGLS.to see the damage to fractionators. I am going with ETE TRGP MMP OILT=EPD. As far as fractionators i.e MWE NGLS take your pick of who takes them out in 2-3 years KMI or ETE. I left WES and EQM. The sand players unfortuneately a long return back. Happy holiday Marv
OK now give me 3 candidates and entry price. Also when will things return to normalcy ? I spend alot of time with CNBC and listen to traders- hedge fund -pickens-and at least 5 a day prognosticators. It is somewhat confusing. However I have 50 years of doing this. I believe in risk reward . Just to repeat I am 20% in cash moving to 25% in 1 month, The risk for me is too great at this time for the reward. However,if SA says they will hold back in near future I will turn on a dime. I am most interested in when to enter and who to buy and for what reason.
This is the time when we take a look at holdings going into next year. NG now in low $3 and tracking weather Oil in $50-55 range and subject to Opec changing amount put onto market NGLS subject to oil and wet gas production. World in recession. with demand for oil flat. Vopross ? what to do. Clr cutting rigs from 50 to 34 in first quarter(Bakken).BUY HOLD WAIT
Wait until VA City state fed bids go out that service clinics around country. It will be almost like generics a slow distruction of gld
One note on BBEP. I bought it at about 16,years ago. It then went to 21 then 10 then 21 and now about 8. Paid distributions but reflected the price of oil and company events all those years.E and P were never my bread and butter. I traded LINE for years railed about price sold covered calls for about 4 years. Always acted like a bond .
Since I have been an exponent that stocks follow analysts readings these last few years, it is at this time we should evaluate analysts if they mean anything in a selloff or should you gain any comfort in what they say.GS has dropped MWE to 78 TP and TRGP to a 140,s approx. I have followed CS first with Siegel and now with Edwards these last 6-7 years. In good stable times they have models that work. In bad and selloff times they are reactive and useless. Arb who one should read what he says through CC and guidance pronouncements looks at individual mlp's and their basics. Unfortuneately, analysts have major impacts on general public and funds. They should be guides but the true view of companies is what they publish-cc's-guidance. Markets give public and fund sentiment but not the intrinsic value of company. Today oil futures rule mlp's. We have to wait for more stable times and pick the best of the lot now. Pretty obvious to some not all.
You are right I mixed up my thoughts wtih WES. As far as EQM I had to bail at 89 for the wrong reason. Low 80's appears to be a good toe in. Arb you are on target once again. Just look at today,s rebound of mlp's and MWE least pricewise up. I remember a very smart guy saying to me. THE GOOD STOCKS will rebound the fastest after a industry selloff. I still hold to my premis for MWE leaps 15 16. Funny that I will end up with epd from oilt exchange. Whatever happened to epd owing etp about 300m in court settlement? Where are the flag wavers?
Eqm is attached to oil. What they have working for them is alot of dropdowns from eqt. The #$%$ is that they are really attached to APC who has been rumored to be sold sometime and what that would do is beyond me. At same time to continue drilling in these times eqm will need money. I right as this time like wes more. Some is going into Alerian fund this 12/19 PM. They have not collapsed as others. As far as ETE they are tuned to etp really which is a major NG player. As soon as get ferc approval in first quarter 0f 15 it will come alive I think
I read the most interesting take on oil on IV board from a COXE person. SA wants to give Russia a heads up for supporting Syria and Iran. Since Russia refused then it stuck it to them. End of year selling for tax loss and removal of high percentage of energy by funds appear to be happening. As I write only mlp I follow that is down is MMP on 800 thousand at 1 PM after being recommended by a host of different analysts last 7 days. My take about 3 weeks ago remains. Less oil pipes-more NG focus along with export-those giving positive guidance in Dec Jan-dollar cost averaging down- Perhaps too much of an optimist for these times.
Very informative but it will have to last out another year. They are down about 40% as PXD and others even being a very low cost producer. They used to be valued on reserves now I don't know . The whole group with oil the focus is being killed although NG is good.but NGL's almost at give away prices.
I won't go into each of the 8 you mentioned but to say least vulnerable in these present times MMP because of gasoline diesel and oil storage -ete mostly NG transportation-WMB except for WPZ mostly NG transportation- Most vulnerable-OKE/OKS Bakken giving them most income-KMI because a large percentage of KMP oil and co2 PAGP oil transport and storage. These are general views and not to be recommendations The group a sub group of energy can't stand alone independent of oil being slaughtered
I only add along with Gruber's adding that Americans are stupid for being suckered into the Obamacare this fact that interest rates for student loans can't be reduced because 8 BILLION DOLLARS go to pay off OBAMACARE Subsidies. So students after college are paying off 1/4 of their loan interest to the DEMOCRATIC sponsored OBAMCARE aren't you happy to fund this this way
I am not recommending MMP. I talk about choosing correct mlp's going foward and listening to the conference calls this Dec Jan to feel secure about what they pick and hold. Today I heard MMP talk about their company and position these times. I think EPD had it's shot this am. Educate yourself these are different times and require some intellect
I have never been so proud to have you on this board of directors. They the enemy doesn't understand it is all political. From Markey the democratic senator who wants no exporting of any oid and cry's that NG prices are to high for his state and blocks new pipeline's into New England. Steyer giving democratic party 75M to block Keystone. Landreau and Nelson selliong their vote on Obamacare then crying when they are thrown out . She cry.s La will lose power on energy committee if she is thrown out. It is all political and the POS blocks the positive effects of export to satisfy his Union people (Jones Act) waste millions of dollar.s giving his cronies Solyndra exit costing our country millions and giving Finland millions for electric cars and give US 6 SIX jobs out of it. And Soros oil
guarantees for Brazilian bonds. And the coal democrats in WVa
selling out for a 5 year pass and then having coal thrown under the bus now crying we did mean Obamacare. And the democrats in W Pa blocking fracking and of course the biggest POS Cuomo blocking fracking while Western NY lives in a depession.
We imported from Canada 106,223 Thousand Barrels in Sept 2014 We imported 25,775 in Sept 2014 from Mexico and with all the BS we imported 24,697 barrels from Venezuela