There are very few guarantee's in life but other then the certainty of death at some point, I would say the other is oil will recover. It might not be in a month or two but I am certain, the latest would be sometime in 2015. Smart money will come into this market in the very near future and the best of the best will be picked off first. XOM, EPD and CVX to name a few but this isn't the end of $80+ oil. Have a glass of wine, read a good book or catch up on some cable series just get away from the internet for awhile. This will pass like Ebola and the mess back in 2008. People are still driving their cars and trucks and Winter means cold and energy to keep us warm. Lastly be thankful for what you have because there are a lot of folks who are just trying to figure out how they are going to pay next months rent or put food on the table tomorrow.
This is the last time LINE traded this low and WTI was $58 bucks / barrel. Obviously this doesn't take in consideration the paid distributions since then. Point is oil $58 LINE $16.50. Right now WTI is above $66 so this looks oversold to me.
I follow about 30 stocks and see that quite a few had big drops all at the same time. Looks like it started at around 9:40 and ended at about 9:50. This HFT BS has to end.
Not just energy but stocks like FB and AAPL as well. BDC's , media even banking. looks like someone wanted out of the market or maybe freeing up cash to jump into over sold sector like energy maybe?
You wouldn't welcome this "big move down" if you had bought at $29 or $30 awhile back. A lot of long timers are not feeling as bubbly as you are right now, nothing personal.
Great post Rob, we Robert's think alike. I like the monthly distribution but as I pointed out in the past if the SP is falling several times more than the value of the distribution what good is it. I know some won't like the cut but if it happens to allow a share buyback, I'm in.
I hear you bear, I'm long and have faith as well but I'd be lying if I said the large spike down didn't hurt. LINE was my second largest holding dollar wise before the fall and I added a few hundred more last Friday. Thank goodness for my AAPL shares and hope LINE and LNCO recover soon for everyone. I agree with a poster on the LNCO board that a distribution cut for stock buy back would be in LINE's best interest right now but I'm sure a lot here would not agree.
Yep you all said the same thing after the 7 for 1 split in June when she was trading at $90. Do you ever learn?
BTE has not been this low since the market crash back in early 2009. Seems way overdone to me and hopefully we don't find out that something else negative is going on in the shadows. We can bounce back from market manipulation but if this is a company issue we're not aware of it would be a shame.
"...the fewer the outstanding shares, the less $$$ have to be used for dividends."
Isn't this exactly why reducing the distribution and buying back shares would be a good idea for long term stock appreciation? Where will they get the money needed to buy back enough shares to make an impact if they don't reduce the distribution. You can't keep your cake and gobble it down as well.