They had less debt in 2008
You worried about the oil market going up without you, then put a STOP BUY ABOVE THE MARKET and take a vacation.
Be very careful of BBEP. Oil is not going to recover for a very long time. BBEP may go bankrupt and the preferred along with it. It is very dangerous to be in the energy sector with your hard earned money.
The US Dollar is going to surprise everyone as it goes on to new highs.
I suspect Saudi with be bankrupt a lot sooner. Having oil collapse and trying to support a war effect will destroy Saudi.
How anyone can still be screwing around with this stock is beyond me.
As I have posted many time, buy something that goes up.
A 37% haircut today. Just total destruction of money. That is called DEFLATION.
You will be an old man before oil ever sees $100.00/barrel.
Oil is going into the high 20's as everything is in deflation.
The only think you should be buying or own is US DOLLARS.
The world's economies are deteriorating. I don't think there is very much growth ahead that can pick up the oil market without a huge increase in demand. It's just not there.
I made more money these last 10 days than I ever made owning ARP for Jan & Feb of 2015 or for that matter any other stock I have ever owned. I bought a stock that went up and up and up.
Unlike many on this board, hope springs eternal and I have an iron fast rule to get out of stocks going down and reinvest in stock that go up.
Owning anything in the energy sector is shoveling ^ % $ # against the tide and is hazardous to your financial well being.
Owning ARP stock is where money goes to die.
" Granted it was difficult to predict that the Saudis would keep oil production up to help us punish the Russians"
You sir, are one the smart ones who post here. The WH was responsible for the oil takedown to punish Putin and to destroy the Russian economy. Obama's hatred towards Putin colors his job as POTUS. Obama technically destroyed the US energy economy for his own goals.
Income or not, MLP's are poison these days. Best to buy something that is going up. Nasduck up over 125 . Those are the stocks to own until oil turns around. It's just dead money being in energy today.
No it isn't. Probably MO is the safest and best loved and it goes up almost all the time and increases its divvy at least once a year. Plot a chart of MO for the last 5 years and its an eye opener.