what do you all think? Market has priced in $60-$58 Oil, Market has priced in divvy cut by 60% or more.
While I dont think divvy cut will happen so quickly, Mgmt may play wait and see as Markets over re ACT at times. Maybe $60 is here for a while and divvy cut may happen, All I know is if you believe in a business and or company and you have long term vision (atleast 2 years -3 years,) buy on dips. Scale your buying, instead of buying 200 shares all at once, buy 50 now, 50 next week etc all on dips.
The normal group of FALLERS, ie, SDRL, LINE, BBEP are prone to falling hard but not MEMP. Yet even today, MEMP was down just as much or more. Whats going on?? Insider buying has been tremendous, why are wall street funds doubting insider buys?? After this, I do like LINE as they pay divvy monthly. I am now in it for the divvy's.
I was originally jus trading stock but with lower price and same divvy isn't LNCO the way to play?
I also noticed its green vs LINE being red, what are you all doing?
Btw, I bought more on a set Limit order, and got in near the low of the day.
I am accumulating and accumulating. Also like BBEP and MEMP for diversification.
What are some of your strategies, I know someone else mentioned ARP for more of a gas play, that is on my radar too.
What else guys, we can be of great help to one another! God Bless All of you and your families, may you have a joyous and healthy Holidays. I am losing on this investment for now but with "right time" buying, ie on red days, I do accumulate. BOL 2 Everyone!
buy when down
sell when up
I like buying on down days, really helps with cost averaging.
I have to do this slowly as who knows where it goes,
I want to be in the game for a LONG time.
As for diversification, I did buy some BBEP and am considering buying MEMP
what do you all like?
Staying away from Offshore Drillers and specially SDRL, which pays no divvy.
First, the stock seems to end at the day low on almost every day and seems to be sold of hard on any rally for 2 weeks, SDRL going from 26 -22$
BAD NEWS! (no divvy) Early AM 18'n change
LATER IN DAY 16$
On this day, some will want to COST AVERAGE so they BUY to LOWER COSTS
THEN next few days, Pressure sets in from:
Margin Based Selling (Having to sell some to balance accounts)
Analyst Comments and Remarks
Technical Analyses and chartists
As its winding down now 13.31/share
Reality has started to set in on those who did not bail,
they may consider selling, they may be forced to sell
all this time, some funds have by laws - to sell stocks that drop percipitously,
and or those that pay no divvy's. Funds sometimes dont always sell on one day
so this could take a week or two weeks to get out those shares.
Then those who were cost averaging, see that they too bought too many and may need
to trim or they even get margin calls.
Add more pressure as more PUT s are bought
And then You get capitulation!
whereby theres not much left to sell and stock can go up! I think on SDRL we are close but not there yet!
could be 10$ range or 11$ range or even $9, who knows!
Its like a pressure cooker, it will POP!
I dont like to see ppl lose money but in this environment, Its scary to see a stock halved in 15 days!
I hope they can atleast reinstate a small divvy in 3-4 quarters. even if its just a nickel / quarter, it will get everything going in the longs direction atleast.
Running some numbers and to get 60K / year
you would need to own 20,800 shares and getting the same divvy of .241/share
would then net you 5012.80/mo or $60,153.60 for the year in distributions.
At what point would the monthly distributions pay enough to buy at least 50 shares/month?
Lets take $20 for example as the price of LINE, you would probably need around 4160 shares
to equal $1000/payouts monthly. I am closing in on 2000 shares and have decided to buy 100 or more shares monthly once I get to 2000 shares, therefore I should have by 1.5 years with distributions about 4160 shares and then with continuing monthly purchasesfor the next 2 years with divvy distributions being added to shares as well, I should then have 2400(100 monthly ) + 60-80 shares monthly from divvy dis tributions, or about 70 average, or then 1680 = 4080 + 4160 =8240 shares in 3.5 years so by 5 years I should have 11,540 shares, so I see that I may need to take 8 years and then I should have the requisite to be rcvng 60K / year and since i LIVE a simple life, I can live off of that and or just go to part time work, like 2 days a week or so to live a retired mans life. I can do this, I will do it. This would be a 8 year project
This stock has taken a few hits in the past, but always paid dividends, I see a fabulous opp to accumuloate shares, I bought today, I sold some Microsoft for LINE and BBEP, I like LINE the best but do need to diversify the Energy / Oil Holdings. Line will be paying monthly divvy and I will be collecting. I got my cost average to $20 now, My goal is to (over next 90 days) get my average to about 7% of existing price. This way in about 4 -5 months I can break even with divvys, in case shares dont climb and then I will sell covered calls on them.
GL 2 ALL!
so how can they suspend divvy, this is not an offshore rig company, so the question is will divvy get cut? if earnings are poor or bad, YES! does it have to get cut right away? NO! Someone needs to elaborate on this as I dont know the laws.
Does Anyone Know?
Buy back 20% of all outstanding units, with money from recent sale upto 750 mln
And future savings from not paying divvy on 20% outstanding units.
don't know if that's a good move but
hey, 15-16% haircut in a day for a company I believe in,
its worth it! Already had 800 LINE prior to this so now
got 1300 shares, BOL 2 ALL , will b watching and may
consider selling 100 MSFT for 200 more LINE if dip below 17.50