That's all fine and dandy except this stock is down from approx. $30/share and has NEVER been able to get a small rally going even when the market is up over 600 points.
This stock is very weak and trends in motion tend to stay in motion. I see $12-$15 a share unless this stops dropping RTFN.
If you must have this stock I would wait for a turnaround or placer a STOP BUY above the market.
Most energy related preferred are down 30-40% from their highs. This is acting the same. Also, the common pays over 11% and the preferred pays 9%. But I think they are all down because of the impending interest rate increase. Best the FED will raise is a 1/4 point so I have no explanation why investors are throwing them away unless they think the oil company's will go bankrupt soon. I do expect $30-35 oil before years end bringing almost everything down with it.
Another thing to consider is if China's economy is as bad as some say, commodities are finished for the time being.
It's what makes a debate lively is opposing views.
If you go back to the Ukraine plane incident and follow Obama's press reports he so much as says he will destroy the Russian economy. He was already blaming Russia for the downing of the plane 1 hour after it fell out of the sky. IT'S ALL ABOUT ENERGY. Just like what the US did to Japan in the late 30's about oil that incited WW2.
Do you have any idea about the northern and southern gas pipelines that go around UKRAINE because Gazprom was owned millions of dollars for nat gas and the Ukraine gov't refused to pay it. So instead of continuing to supply gas to Ukraine, Russia built/is building a gas pipeline around Ukraine to get their gas to the European markets. And the guy in the White House will not have any of that because he promised Western energy company's the" rights" to sell gas to Europe.
Interesting that no one knew for months the USA/World were producing too much oil until one day everyone gets up out of bed and oil is crashing because there is too much oil.
And I'm still trying to figure out how Saudi is still pumping huge amounts of oil when over 7 years ago, Simmons and others reported that Saudi had to pump enormous gallons of water into the oil fields to bring up the oil. ( no pressure left) The oil was said to have a 90% water cut. That was over 7 years ago. The Saudi's had to remove the water before they could sell it and that was then.
Congress is as corrupt as it was during the declining years of the Roman Empire. There isn't but maybe 25 members of Congress who give a damn about the country or its people. Power is what they want and they will do ANYTHING to retain it.. You will witness that even more as we move forward towards the nomination process on the Republican side. Trump has the ability to destroy the Republican party and bury it for a new party. Taking Boehner and McConnell out of power would be something a good many people would love to see, including me.
You may get your wish. Personally I'm not sure the low today was capitulation.
We need the market to fall more thereby inducing more selling. Every financial Asshat on TV and internet is telling investors to hold. Talk about overload.
We need more selling to form a good low. We need to have everyone on the same side of the boat to do that.
It's Obama's war with Putin. Obama wants the Russian economy destroyed as well as Putin so the Western energy company's can supply Natural gas to Europe as a payback for4 his support. Make no mistake about it that Saudi and the USA are in bed together to destroy Russia's ability to sell gas to Europe and oil worldwide and have brought down the price of oil to deny Putin and Russia cash flow. The unintended consequences is destroying the domestic oil industry, Then again, it may be deliberate. Thousands of great paying jobs and local economy's destroyed.
Altria Group is the parent company for Philip Morris USA.
It does look like it is going to increase its divvy. This stock is still trading ABOVE its 50DMA which is maybe a handful that still is. A great stock to own.
I definitely will nibble at the 50DMA and add to my position.
My best performing stock right now is MO. Altria ( Phillip Morris). I will buy more when it has a decent correction which at best is difficult to predict as it just won't fall that much. Also I think they will increase the divvy this quarter. Indicators are saying she may drop to the 50DMA where I may add a little to my position.
I'm glad you are on top of this more than me so I can ride your coattails and learn from you. I'm into other sectors right now trying to stay above water
Have you seen TGP? I've been following that for about 4 weeks and the last 4 days all major indicators are telling me this is going back to the 2015 lows at $24 and maybe even lower. And I'm still thinking that crude oil will trade at $33 before year end possibly enforcing even more downward a MAJOR waterfall event in energy. I was charting the 3 majors ( cvx,xom,cop) last night and saw just how ugly this correction in energy has been. I have my sights on CVX when energy FINALLY TURNS UP.
quote " It makes me think there is a lot of excess shipping capacity in LNG right now."
That's exactly how I read it. And that worries me as an investor in the shipping arena.
Show me another stock that can give you that kind of return, with the same stability.
When u can get a 19% there is something very wrong with this company. Buyer beware.
$2.00 a share ? This stock once traded at $25.00 a share back in 4th quarter 2015. Management should have been removed a long time ago. This company will never reach former glory again.
Sure look that way. Enough time maybe to do it with this rise.
LNG is the bellwether and that's still falling from grace. Hard to fathom TGP going up in the face of that except for all the ANALysts that are jumping on board. Just hope Goldman doesn't reco as that's usually the kiss of death as they take the other side of the trade.
Market now needs to fall and the have the mutual & hedge funds move "flight to safety" to bonds thereby insuring the final top. Going get real interesting after that happens. I suspect cash will be king for quite some time with the US Dollar as the top king.
TGP is up 14% in four trading days. That's a fairly good move. It now needs to rest especially since the DOW has confirmed a bear market. Very few stock's buck the primary trend. Certainly not the time to be making an initial purchase.
We are now in a confirmed bear market. The Dow leads the way down . And it sure looks like Apple is finished now trading under it 200 DMA and has the "death cross" now in effect and well as the DOW. The wall street darling has now fallen.
Best to make popcorn and watch the capital destruction that is taken place.