11 AM - Wish would have bought at $42
1 PM - Glad I did not panic buy at $45
1:30 PM - Darn should have bought at $43
2 PM - Glad I did not panic buy at $45
Where is she going?
Mr. Krabs: Thar she blows! This stock is headed north me lad! Get the money net Sponge Bob... Get it! Get it! Get it!
SpongeBob: You mean the SHLX?
Mr. Krabs: I'm talking about cold hard flippin' cash. It's the mighty MOBY SHLX!
SpongeBob: [laughs] Look, Mr. Krabs. Pennies!
Mr. Krabs: Never mind the small change, lad. Get the net!
SpongeBob: [grabs a small butterfly net] This one?
Mr. Krabs: No, no, no, no! The money net! It's in me back pocket.
SpongeBob: [reaches into Mr. Krabs' back pocket and pulls out a huge wallet with Mr. Krabs' license in it] Wow! You look real good with a mustache, Mr. Krabs.
Mr. Krabs: Never mind that, boy. Ready the net!
SpongeBob: Net ready, sir! [opens up the wallet]
Mr. Krabs: [pulls the dollar out of the water and heaves it into the wallet] I did it! [gets excited] I finally did it!
SpongeBob: Congratulations, Mr. Krabs. [puts down the wallet and wants to shake hands with Mr. Krabs but when he tries the wallet bounces toward the back of the boat] ; the wallet bounces away]
Mr. Krabs: No, SpongeBob! Don't sell the SHLX!
Mr. Krabs: Get it, SpongeBob! Get it! Get it! Get it! Get it! Get it!
Looks like today's news lent some insights as to unit holder value...
Barclays initiated coverage with an Overweight rating and a price target of $44
Morgan Stanley initiated coverage with an Equal Weight rating and price target of $42
Citigroup started it as a Buy rating with a price target of $48
UBS started Shell Midstream at a Buy rating and a price target of $40
This is going to be a very volatile stock until we get some established value. Especially…
This is going to be on a wild ride until these metrics are defined, which will probably be early 2015 with the earnings call. Until then all we have to go on is the insider buying, which was pretty good at the IPO…
11/5/2014 Montana Margaret C 700 $33.91 $23,735
11/5/2014 SHLX Muratta Lori M 2,000 $34 $68,000
11/3/2014 SHLX Joy Michele F 1,490 $33.67 $50,173
10/31/2014 SHLX Smith Alton G 1,565 $32 $50,072
10/31/2014 SHLX Ward Susan M 25,000 $23 $575,000
10/31/2014 SHLX Jones Rob L. 10,000 $33.18 $331,800
10/31/2014 SHLX Montana M 6,000 $33.72 $202,298
10/31/2014 SHLX Nichols Kevin 8,500 $31.85 $270,706
10/31/2014 SHLX BENDER JAMES 25,000 $33.95 $848,750
1. You don't know what the dividend is going to be
2. Don't short a good stock too early.
I bought 4,000 shares at the IPO. It may not get here this year... But I look for this stock to sail to $72 (no puns intended). In the meantime I will lay back and enjoy what looks to be a healthy dividend.
It was good to see the insiders buying in at the going price...
2014-10-29 Smith Alton G 1,565 $32 $50,072 (Vice President)
2014-10-31 Ward Susan M 25,000 $32 $800,000 (Director)
2014-10-29 Jones Rob L. 10,000 $33.18 $331,800 (Director)
2014-10-31 Montana M 6,000 $33.72 $202,298 (Director)
2014-10-31 Nichols K 8,500 $31.85 $270,706 (Vice President)
2014-10-30 BENDER J 25,000 $33.95 $848,750 (Director)