"The Kingdom is teaching Putin a real lesson about global power and control"
Nonsense. I've posted 6 months ago the goal of the White House WAS DESTROY THE RUSSIAN ECONOMY and Putin . Ukraine was just the match that set it off with the US engineering the coup in Ukraine .
What you have is currency manipulation once again by the US. The quickest way to bring a country to its knees is currency manipulation and the US is the world wide top dog in implementing this via the goons at the FED.
If the above doesn't completely destroy the Russian Economy, ,the next step from the US will be to figure a way to declare war with Russia. This is getting F'N dangerous on the world stage. Just last week H. Res. 758 was passed that basically declares war on Russia. Look it up on the net and see for yourself what these dangerous congressmen in Washington are up to behind closed doors.
Except oil is the black swan and this is just getting started. Massive borrowing for infrastructure in the oil patch as well as borrowing to drill. Yep. A real black sawn.
I'm thinking $67 oil which is why I got taken out my DTO this morning on a close stop. I will re-enter at $67.
One of the best and fastest trades I have ever had. Bot at $35.38 and sold at $74.99 in 9 weeks.
Which is exactly why The div is probably the only thing keeping this ticker from the pink sheets at the moment"
Which is exactly why buying BBEP is so risky. Lose that distro and this stock will trade at $3.00
Nope. Learn to read a chart. BBEP, as well as VNR and Line and Memp are all trading along their lower Bollinger bands. Not good. But what is worse is the slow Stochastic is EMBEDDED below 20 signifying a strong continuation of the down trend. Those wishing to buy sit on your hands for a while longer.
The fast lady hasn't starting to sing yet.
Open up a foreign bank account and draw 6.6% on a 12 month time deposit............if you can still open any. Simple and you can sleep nights instead of throwing money into the crooked casino we call the stock market.
It's a world wide OIL margin call. Every energy stocks is fooked for the time being.
Even arrogant IBM borrowed money to buy back their stock at much higher prices. Oh the debt is going to take the hide out of many companies, especially the oil patch company's.
The distribution will be reduced. Forget hedges and prayers and what you think will prevent it. It will happen.
NO! IT DEPENDS ON SAUDI.
And get off the Putin kick. He is not the problem. The US is the problem with placing sanctions on Russia. The US appears to always be the problem on the world stage.
None of these energy stocks are near their bottom.
I suspect its very likely oil will fall to $40/barrel and MEMP as well as Line,vnr, bbep, etc will fall with it.
He who owns the debt makes the rules.
I don't why there is one investor left in this stock or Line or VNR. It's going to take a lot more than oil going back up to make it worth buying back in again.
This takedown in oil has always been about destroying Russia. The administration will do anything including destroying the US Economy if need be.
Bear cross in the on deck circle.
I'm not buying until there is a definite change in the price trend to up. I'm watching to see if $32 gets taken out.
another 3 months of pfd distributions flushed down the drain this morning with the common down 10%. This is destruction of capital on a great scale
This whole country's economy has been distorted big time and made more non-productive and more exposed to overvaluation and a massive crash.
There is very little productive growth in the USA. And with 49,000,000 people on food stamps and 125,000,000 people not working we have a great economy, don't we?
I suspect most of these very high debt MLP's are in for some serious hurt and that includes the Unit holders which has already taken place on share price with more bad news coming.
Investing in these debt companies is where money goes to die.
Didn't any long term investor tell you to never add to a losing position. Buy another stock but not one you are already upside down in. And that divvy will not look so great when the stock loses 5% or more a day. Like today. Who can stomach 5% losses per day till the cows come home. This stock once traded at $23. Look at it $10.40 now. BBEP is a $5.00 stock.