Not to be a smart #%%, but I would much rather see something that doesn't take 7% off the stock price. You know what I mean?? Another thing, if the price of oil continues down, you are going to have a rough time trying to get this approved by your unit holders. I hope you thought of that.
Who ever told you that OPEC was short at the CBOE?
Cramer and all of the analysts are drooling over Kinder's Bakken play. I think they forgot one thing. It's going to take $70 oil to make this acquisition pay off. In the meantime, shareholders, who were virtually promised $.50 quarterly dividends, are holding the bag. Rich Kinder is a great "Smoke Blower". He successfully covered up a lousy earnings report by announcing an acquisition that will be "mildly" accretive for 2015 and 2016. Anyone want to make a bet on that happening? This acquisition is going to make KMI more vulnerable to oil prices in the future. No one in management discussed this on the conference call.
My question is: What is Rich and the gang going to pull out of their hats for the next quarter? Next quarter there will be no "Smoke Blowing". Rich has already bailed out so he can't be held responsible for results during the next quarterly earnings conference call. Buy Puts and Sell Calls, people. This boat is going down
Ha! Keep hoping....This was a complete snow job courtesy of Rich Kinder. He converted his KMP shares to KMI knowing what was going to happen. He executed the corporate conversion to KMI, then decided to bail out after he experiences a major capital gain. This is known as LEGAL insider trading. He wins and the shareholders pick up whatever is left over. Welcome to the American Capitalist System.
I thought you said that the quarterly dividend would be $.50. Where's the beef? Congratulations, Rich, you are the greatest "Smoke Blower" of all time. Announce an acquisition to cover up poor earnings and a disappointing dividend declaration. News for you, I already got my dividend by selling calls against your lousy stock.
I'll tell you another thing. I bet he doesn't even invest in anything. He has a trading platform that he and his brother tries to lure retail traders into. He makes his money there. I am sure that he also collects some fee from CNBC for his "expert" commentary and recommendations.
Chanos is just another talking head. He advertises his victories, but you never hear about his failures. Believe me he has had many, many failures and mistakes. You never get the full story with these guys. It is all about perception and relationships. The average investor never knows anything about the real things that are driving the market. Chanos is known as a short seller. What has happened to him over the last year when the DOW is up double digits? You don't hear that story, do you?
I can't help but think that there is some contrived effort to drive the price of Apple down now. All of the talking heads are emphasizing that Apple's upside is limited. There are multiple reports about the new Chinese phone that has all of the I-Phone benefits at half the cost. In my mind this is a typical market ploy to manipulate APPL prior to the earnings report.
How crazy am I? A few days ago I sold a JAN4/FEB 118/115 in the money diagonal put spread for $3.40. On top of that I sold a FEB 100/95 put spread for $1.23. I am hoping that Apple knocks the ball out of the park when they report. At the worst I will own Apple at $4.43 above whatever the final price is at February expiration. I also have opportunities to sell call against my final stock position.
I really don't care what happens, but I have an opinion that Apple's earnings are going to shock people (on the upside). I can't wait to see what happens.
Golden Slacks doesn't know a dang thing about. It is their guess and its no better than anyone else's guess.
Oil will not bottom in the forties. Look for low to mid thirties. All of the weaklings are going to get shaken out. Weakling shareholders and weakling companies.
Hardee..Har...Har...Har. Tell me another fairy tale.