Seeking Alpha articles say they over paid for Apache assets, and the Berry petro assets...yes, increasing production will be tough, but they have a ton of properties to work with and I think the div. is strong...I will weather the storm, comforted by my monthly divy's reinvested at lower prices.
Bought equal number of shares this time....we shall see....got stopped out, so bought back at lower prices.
I did well with stops this time around.....luckily...I usually end up buying them bck at higher prices....bought back at
lower prices this time.
Glad I sold SDRL....its weak along with SFL in this environment.
Sold SDRL, got stopped out on BDCL and SFTBY, luckily....replaced BDCL with MORL yesterday...so far so good.
Still hold CEFL as it did not reach my protective stop limit.
TZA and TVIX looking really good today....up nicely on large drop. SFL looking interesting....will wait though for
lower prices...I fear they are coming between now and the end of August.
No politics or social comments please....thats the beauty of this board....please do not spoil it, or you will find yourself on ignore.
I made a ton of money on this stock originally purchased at .30....bought and sold many times. I became wary of this company when they announced a reverse split...that was the first red flag telling me that the exec's believed the stock price would be going down dramaticlly....I used to be a believer, but I now don't think anything major will come of their revolutionary electroportation process....probably just blow'n in the wind....it is going down today, and will be pushing $8.00 before long....people are betting BIG that this is all hog wash....$2.00 pre reverse split is still too high....it could go to $4.00 easily from here...I was a believer, but now I am out.
And the market was down only -44.....TZA can be nice insurance against even a small correction, if you time it right.
Still very long CEFL, BDCL and DVHL, with stops on all of them, along with ARR, NCT, NRZ, LNCO, LGY and some STON....watch SDRL as it will realy tumble in a market correction....got rid of most weak sisers....you guys are right...sold JPM and BAC...only bank stock I still have is WFC, small position.
I will hold off on buying any insurance companies...I do like AEG, MET, and AIG though, when the time is right....if GS is right with their perdiction of interest rates rising later in 2015, next year may provide better timing for financials and insurance companies. This market makes me nervous....I am too old and my patience for losing
money even on one losing day, works on my nerves....
Should have sold when Mark did...bought JPM, and WFC today. Interest rates going up soon, regardless of what
Yellen says...time to start moving out of MReits...little by little, and geting into banks and insurance co's...AIG,
MET, PRU, AEG....BAC as well.
News had better be good....real good. We will have a good indication by price action, which has stalled a bit here...we need to get above $12, which is only $3.00 pre split, in short order to begin to get positive on the upcoming results....like I said, they had better be good, or INO will take a big drop, and will never be a factor
again, IMO....these results are all about credibility...if they are not great, credibility goes to Zero....
RB Gambler...Long and hopeful....
Company officers apparenly don't share your confidence..two own 10,000 shs which is peanuts, and the others own ZERO.....until they buy, I am on the sidelines....
Made a couple of grand in short order, so I can't complain. Selling all weak sisters in this very unpredictable market...raising cash...now at 15% cash. Staying with high divy payers til interest rates go up...then, I don't know what I'll do! Oh Well, I'll worry about that when it happens. Until then, Happy Fourth to all my fellow posters;
STAGG, Mark, Sarge, Vinnie, Bobbd, Kebon, Huff, and anyone I forgot!
Nice articles on Seeking ALpha today about CRV Refining and a new MLP from Shell this year....new symbol will
be SHLX...I know Mark will be interested, and so am I....fiscal year.
Royal Dutch Shell (RDS.A, RDS.B) announced that it is planning to spin off several U.S. pipelines into a publicly-traded partnership. This MLP, which will be called Shell Midstream Partners LP, will present a great opportunity for investors both through dividends and capital appreciation. In this article, I will walk through why Shell is forming this MLP, details about the new entity, and give some reasons as to why investors should be interested.
A Little Perspective
Ever since CEO Ben van Beurden took over the reins of the company at the beginning of the year, he has been trying to cut costs and make the company more focused in its operations. Under Beurden's leadership, the company has planned about $15 billion in divestitures by the end of next year.
This coming IPO is a small part of Shell's larger mission to slim down the company. After this MLP is created, most of the costs that have to do with midstream assets will no longer show up on Shell's financials. There is no word on how much this will save the company in the long run.
The initial public offering is expected to occur in the second half of this year. Shell expects to offer a maximum of $750 million in common units. The company will plan to list under the New York Stock Exchange with the symbol "SHLX."
I had half in YHOO and half in SFTBY....finally got rid of YHOO and went all in with SFTBY as my only play on BABA IPO....we should both do well...are you planning to buy any shares of BABA?