also notice that linn energy basically bottomed once they cut the distribution. With oil starting to bottom, I'm hoping to add more arp, but am wary cause they haven't cut the distribution yet.
"So are you suggesting that if they piped more dilbit there would be less spills?"
huh ? do I need to explain the obvious ?
condescending idiot. working an oil rig does not qualify you as an energy investment expert.
on the other hand you didn't say one single thing that contradicts my opinion on BP. SO why the bashing ?
you just missed the first oil bottom test by over a week.
you also just missed a low test in KMI (40 and change)
kmi is not a falling knife, its been near its highs through the recent downturn in the price of crude. Since you can't be bothered to listen to the conf calls, maybe you can at least be realistic about the current price action .
" for the companies looking to supply product to the pipes , they will hardball for better rates .. "
utter nonsense ... I sure hope you aren't hoping and praying for that.
I can't bring myself to invest in BP , especially with a new position.
- BP is heavily involved in Russian oil, as far as I know russia is suffering a lot worse than us domestic energy in the current low pricing environment.
- BP ranks near the bottom of responsible companies. Worse than exxon and enbridge.
- the whole purpose of BP is to exploit the globe and send money back home.
To me the real game changing story is the US domestic energy Renaissance,
BP footprint in the US has shrunk and may continue shrinking.
thats like comparing a car crash to an airline crash. faulty assumption because of the frequency differential
why are you trying to short sumthin that has shown strong support and based above 40 ?
why are you trying to short the "oil market" when its bottoming ? Didn't anybody teach you to cover and move on when its bottoming ?
hey loser why are you a dumb perma bear ?
"That mean’s competition will increase for the flow "
That makes no sense. pipelines are geographically constrained.
looking at the price action for RGP share price over the past few months, I think your wrong. RGP by itself at best is a non-growing limited partner thats below investment grade. The loss in yield is the only negative. Keep in mind that RGP isn't able to grow by itself, and an mpl that doesn't grow is doomed.
is it possible to see a turn in long standing mideast policy of instead of waging war for more oil production, that we may wage war to curtail oil production from anti-american groups ? Saudis ought to be carefull what they wish for.
the issue is not whether its a fire risk or not but the total environmental damage from transport. The exxon valdex and the BP deep water are bigger risks than a few fires considering that fires always burn out.
rails get derailed, tanker trucks crash they will all spill someplace a properly constructed and maintained pipeline has less SPILL risk than other means.
Thiose are facts despite your obvious hate against tar sands.
If I were god I would instruct the canadians to build their own refineries next to the tar sands and export their own oil. Apparently thats not competitive.