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PBF Energy Inc. Message Board

shamanhbc 6 posts  |  Last Activity: Oct 27, 2014 1:58 PM Member since: May 17, 2011
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  • Reply to

    Stock Price

    by mecca923 Oct 27, 2014 1:19 PM
    shamanhbc shamanhbc Oct 27, 2014 1:58 PM Flag

    Germany, german banks, future oil and gas pricing, future earnings, etc--take your pick.

    Sentiment: Hold

  • shamanhbc by shamanhbc Oct 4, 2014 9:43 PM Flag

    Since OILT was taken out by EPD for its Houston ship channel assets. Does anyone have an opinion of BPL?

    HOUSTON, Sept. 16, 2014 /PRNewswire/ -- Trafigura AG, a leader in international commodities trading and logistics, announced today it has successfully completed the sale of 80 percent of its membership interests in Trafigura Terminals LLC, the entity which holds its South Texas midstream assets, to Buckeye Partners, L.P. ("Buckeye") (BPL). The all-cash transaction valued at USD860 million and received all necessary regulatory approvals from the Federal Trade Commission. Trafigura AG and Buckeye first announced the sale agreement on September 2, 2014.

    Trafigura AG will maintain a 20 percent interest in the new joint venture and retain commercial rights to use all of the assets which include; a deep-water, high-volume marine terminal located on the Corpus Christi Ship Channel, a condensate splitter and LPG storage complex, and crude gathering facilities serving the prolific Eagle Ford shale play.

    "This transaction is consistent with our long-term strategy to support our trading business through targeted investments in infrastructure and logistical assets," said Trafigura AG's Jeff Kopp, Head of North America Oil Trading. "By leveraging third-party investment, we free up capital to be reinvested in other business activities."

    BPL will now serve as the exit for Eagle Ford Production. Cheers

  • Reply to

    I'M OUT

    by shamanhbc Sep 19, 2014 9:50 AM
    shamanhbc shamanhbc Sep 19, 2014 2:23 PM Flag

    The intent was not to lose money. The intent was to pick a highly speculative company in an industry I believed in and had promise. I learned a lot. But the industry is plagued--look at MCP the leader. GWMGF has/had such promise--but as the sisters say "no margin=no mission". So no funding= failed company. So sad, so much promise. Best

  • Reply to

    I'M OUT

    by shamanhbc Sep 19, 2014 9:50 AM
    shamanhbc shamanhbc Sep 19, 2014 2:17 PM Flag

    Great pick that X. Was not following X. But still stand by statement--CLF, WLT, RIO, BHP, etc.

  • shamanhbc by shamanhbc Sep 19, 2014 9:50 AM Flag

    Took my loss now. Needed to offset significant gains. I'll keep following. Right now all coal, steel, rare earths etc are in the dog house--financing is difficult for them but easy for oil and gas. So good luck. Cheers. Shaman

  • Their new acquisition is a game changer. A mid stream asset, on the gulf coast, with a partner who moves carbons around the world. Terrific.

    Sentiment: Strong Buy

PBF
29.62-0.18(-0.60%)Nov 26 4:02 PMEST

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