When I sold this POS @5, I was mobbed by some of these yo-yos ridiculing my decision. I think that most of these "experts" are in red ink, but you would never know it by the way they brag. Good decision!
Not worth keeping any longer. Too many problems next 2 years for ONVO, cash flow biggest risk , and market headed for possible correction. Long term ok, maybe 3-5 years out. GLTA
Not a well run business IMO. Icahn and others will step in and make changes to the Board. They have a large stake and will not allow this to go on. CHK is a classic turn around, and I'm betting that the big boys are leading up for a kill
Reilly, IMHO, I don't think his comments are going to start the firecracker because he is hiring on the come (new contracts). I have to say he has guts and is a gambler, but when I look at the next 2 years I see big risks and no different than rolling the dice at Las Vegas, where I don't have to wait 2 years for my answer. GL
Tried to warn you all. Some of the folks on this board are married to this stock. You can take a horse to water but you can't make him drink. Anyway, GL. You will need it.
I caught a falling knife, but not many shares, so I lucked out. I think NGL is no different than any of the other stocks in the oil/gas patch. They are all lower because of the glut with oil and gas. If you are in it for the long term this is the time to get in, not only for the dividend but for growth. I see many of them laying off and shutting down rigs. Any of these stocks were 100% higher about a year ago, and they will get there again once oil goes to $60-70. Just have patience. JMHO.
Hard to say. The whole group is sinking. Look at apu. I think they are going down for the wrong reasons.
This character chkinsider may either be hallucinating or throwing garbage for those who can catch it. Is there a way to verify some of his claims?
rc: This is very enlightening and thanks so much. Your comments make me wonder whether further buying is warranted considering the high distribution. My 6th sense tells me that any additional positions should be at
rc: Just curiosity, but are the 6 non accrual loans the reason for the drop in NAV?. Sorry, but it is obvious I don't follow this one as close as I should. I like their internal mgmt setup, and they pay a vg distribution.l
Thank goodness, what a way to relieve. I'm impressed! Now if ONVO would go up a few points......
You didn't mention that you had a #$%$ chat with L'Oreal and ISIS on all this! (lol)
Reilly, I agree with you on the potential of ONVO, but it seems that you are delusional here. GL
Dated June 13:
They have been saying this for a very long time that their business is overly dependent on weather and 80% on sale of propane. IMHO the acquisition of the Inergy propane business after 3 years has not gone very well based on increase of total revenue and net earnings. On the plus side their distribution appears to be safe. They should have diversified.
I will stay with it, so far on the green side. GLTA
Nightowl, You might have acted on my first post and saved a bundle, rather than open your mouth with "lables" garbage. May the Gods of WS be kind to you! GL
If you think about it, the underwriters did a good job kicking the pps to $5.50 and then offer the new shares at $4.25, a 23% discount. That alone ought to tell you that they are desperate to take more $$ from the little fry like you, only to gamble with it at your expense. The only hope you have is for this little outfit to be bought by big pharma, because their chances of making it on their own is very, very slim IMO.