So you buy less shares.
There is no monetary gain by splitting, only ads cost to the equity involved.
More: If I had 100 shares that I paid $10.00 this would + $1000.
The stock splits 2:1, price now = $50.
Now I have 200 shares and my cost is still $1000.
makes no sense to split. You don't make/get any additional gains.
Your value stays the same.
management has to change the formula and start re-creating.
The pipeline underwent a "major internal inspection" in 2012 and again "a few weeks ago," though the latest results are not available, Plains said Wednesday. No problems were reported.
Goldman Sachs had a lot to say about all corners of the energy sector today in addition to the cut in its long-term oil price forecast, its Sell recommendations for oil majors BP, Statoil (NYSE:STO) and Chevron (NYSE:CVX), and its gloomy outlook for offshore drillers Transocean (NYSE:RIG), Diamond Offshore (NYSE:DO) and Atwood Oceanics (NYSE:ATW).
Goldman awards a Buy rating for Exxon Mobil (NYSE:XOM), "the only U.S. or European major that can generate sufficient free cash flow to cover its dividend near $60/bbl in 2016-17"; while the firm says other oil majors will be struggling to keep the dividend flat, XOM will be in a position to increase the dividend for the next several years.
Rules to owning MLPs:
1) Never sell a portion of your position. Sell it all or sell none of it. This is critical to 'release' your suspended passive losses (treated as ordinary not capital losses) that you want to offset your ordinary gain recapture (due to accelerated depreciation) and likely capital gains (due to your reduced basis created by prior losses (practically guaranteed) and distributions).
Your accountant is going to love you.
Sentiment: Strong Buy
I have held PAA since 2009. It hasn't done much since the 2:1 split.
Hope the div. hold. Looks like $51.60 is the resistance line. If it can get over that hump I think it will Keep on going North.
Great advice. True, better then banks and CD's.
Only trouble is I constantly watch my portfolio, but have held onto all the oils and mlp's.