Sarge...I bought some last week...it will thrive even if NG prices go down....also bought PAA, which is really under priced as it got killed because of the Calif. oil spill...I now own these in the energy space; ETP, PAA, SDLP, RIGP, and OXY, which is really doing well, up 6 points since I bought it.
I still like SHLX, but holding off on that one for now....divvy at 3% is too low for my liking, and I still do not like KMI...too big, too much debt....although at 28-30.00, you should be fine buying it here.
And all with really nice dividends while you wait.....which I could get up enough nerve to buy FB...
Yes, my BAC is getting hurt because of these weak numbers, and the general market downturn as well...however, they will past the flesh test, they will increase the divvy and they will increase stock buybacks....not bad...when interest rates finally do go up, they will get a nice bump as well. I am dipping back into energy....my OXY is doing great as it my RIGP, with a 14% Yield...bought SDLP, 25%, PAA, and ETP last week....all with nice yields, and all doing well since I bought them.....we shall see.
It looks really safe to me....better than RIGP, which I also own....maybe tainted because the market does not like SDRL....I bought today....but it just can't seem to hold any gains...they are constantly met with more selling....
Right now, I just want it to stop going down and find a bottom....my stomach can't take down days looking at a price under $10....UGH!!
What is the leverage...how many shares do they control?
I have a large amount of the common, looking to buy here to increase my exposure with more leverage at a lower price....TIA.
Me too.....nothing like watching your IRA dissolve like $10,000 a day....I am numb also, but will not sell a share...which makes me wonder who is selling shares at $10?????????
You may or may not be right about Adage...nothing hedge funds do would surprise me. Its the 100 share lots that confuse me....if we can believe what we see on Yahoo regarding these trades, why don't we see blocks of 1-5000 shares being traded on a day where 3 Million shares were traded?? This I don't understand....trading over and over again with each other doesn't make sense either...one thing for sure....this sure look like a buy at $10.
Forget about investigating stock options...how about short selling and manipulation?????
I am still holding...but if it breaks $10, I'm out....I cannot take single digits...if it goes to 9 it can go to 5.
In hundred share lots???
That's all I see being traded, unless that data is bogus as well.
High of $27...low of $9...didn't see much down side along with the dividend....probably wrong if oil goes under $40...what else is new....I own small positions in NMM and OXY, and they go down when oil tanks as well...still holding just in case we are all wrong about the price of oil...
DH, as you said, APPLE could by Tesla with pocket change...have you seen that car? Have you driven in it? It is spectacular...APPLE will figure out how to get the price down and they also get super high tech battery engineering and expertise to boot...charging stations available at every Apple store....a special APPLE battery pack available for your home that also lets your other devices pull power from it or recharge. They can do it...and they can follow through with the battery technology because they have all the time and money in the world...then, once its perfected, spin it off for more money.....anyway, its a better idea for APPLE to buy Tesla than GLOP or Mark's ETE or WMB....just having fun, guys...don't be upset....I own losers too!!!
Don't bet against APPLE....if I were them, I would buy Tesla....not only a great car, super technology but their battery is the wave of the future, and APPLE has the deep pockets to make it all happen...anyway, why reinvent the wheel and start from scratch?