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.
Smart move. this co is a real sleeper. Only a matter of time before it gets discovered. Owned it since $21. collecting 10% div. while waiting. Stats are unbelievable. .. I;m buying more.
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.
You obviously don't know anything about investing. This is easily a $28 stock. the market reaction today supports my remarks I made several days ago. You must be a momentum trader.
It won't happen but, the shippers should establish a tanker cartel otherwise it'll be an endless boom and bust
I've been hearing about this increase for the last 5 years. Ain't gonna happen this year. We are in a DEFLATIOnary period.
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-)))
At one time, he was getting $1M per day in dividends. Not too shabby.
SXC had 1% production decrease and they talk about not being able to sell the coal side of the business. Not sure how that affects SXCP since they had a big increase in coke production (52%).. I think investors don't understand that SXC and SXCP are different entities. Or maybe I don't understand -)))
I agree, as far as I'm concerned, its better that the S&P 500 which for me is the gold standard. It'll be a double in a year out.
They paid 6.9 x EBITDA, thats the low end of acquisitions. sounds like a cheap price to me. plus its immediately accretive. Thats what makes a market, buyers and sellers. I'm buying more at these levels
Today, tonnage fixed to transport crude from the Arabian Gulf to Far East is commanding $61,300 per day, which represents a daily decline of roughly 1.3%.. More bullish sentiments follow
$58,000 is indeed highly profitable. Their Breakeven last year was around $23,000. VLCC Spot price for 2015 1st qtr was $$52,000. @$58,000 they're minting money.