It's got to be good news. Never heard the a parent co. looking for a strategic alternative for a subsidiary is bad.-)))). Obviously the co. is currently undervalued IMO.
I think they would be better off by going off. Those EU technocrats are worse the Herbert Hoover. There is absolutely no hope of growth for them. IMO
I agree with your thesis however, the only way we are going to get a pop in the prices are when the price of oil goes up. I've been in MLP's for about 15 years and its been a great ride for me. (not this year). Be careful with PAGP, it a C-Corp so u don't get the advanced of tax free dividends, otherwise known as distributions-)))
Wait it out. Pickens predicts $70 oil by end of year. It'll zoom up once oil prices increase I've been in since the beginning. Very volatile stock.
I agree that its a valuable asset. I hope they won't be taken over although its a possibility. The stock is cheap. PE of 15 with a EPS of around 70%. I hope it stays undiscovered. Great potential.
Actually, PSXP announced a drop down a day before the secondary announcement. interesting
I've been hearing about this increase for the last 5 years. Ain't gonna happen this year. We are in a DEFLATIOnary period.
IMO, that is significant information. Previous article in NY Times discussed how Hedge Funds get short interest info within 3 days while the public gets info 1 month or so old. Studies have shown that short interest is a powerful predictor or stock price declines. Gives Hedge Funds a powerful edge.
Vol. is drying up. At 10M May 29, steady decline to 1M now. No one's dumping. Stock price is at mid channel. I think investors are confused (myself included)
In other works he's reducing FRO's breakeven level (but increasing it for SFL?) FWIW, he's jumping ship, (to use a bad pun). He owns both sfl and fro. SFL is a much more diverse shipping co. Recent world events seem to favor slf. (china cut oil exports 25% last mo.). I guess a case can be made for reducing the size of FRO to improve its merger chances since it'd be easier to acquire. What do I know.
It'll be at $70+ by years end. see PSXP for similar move. 25% of my portfolio. I keep buyng on the dips.
That's what make a market, buyers and sellers. Looking at one days fluctuation in stock price is meaningless. Of the 2 companies, PSXP has $1B worth of debt and SHLX has 0 debt. Both can expect to have similar growth rates. PSXP's ebitda's is $160M soon, itl;ll take 6 years to pay of that debt. . Of the 2 cos, it clear to me that SHLX is a much better investment. PSXP has moved sideways the last 6 months. Maybe Mr. Market is telling u something.
It won't happen but, the shippers should establish a tanker cartel otherwise it'll be an endless boom and bust