Courtesy of Racehorse9: "ARB unwind.Merger with RGP closes tomorrow." I'm not sure whether this will take any of the recent pressure off the unit price, but I sure hope it will. ETP was up over $2 at one point, but it closed with a pathetic thud. MMP was a star performer today and seemed to lead the group higher. With the possibility of a rate hike still on the table for the June quarter, I see today as a one-day wonder rather than the beginning of a sustained move higher.
Yellen said today that the possibility of a Fed rate hike in the June quarter is not off the table, so the broad market slid. Makes perfect sense. That would lead me to believe that income stocks should be particularly vulnerable. The big question now is, why did the pipelines surge today against all logic? I'm not complaining, but I'm a little confused.
$2.67/9 today, but I filled up on Friday for $259/9 at the same place. It was $2.35/9 a few weeks ago. Libya is headed down the tubes. They're down to exporting about 200,000 BPD - that's a small fraction of what they could export in "normal" times.
I'm not sure about the rest of the country, but where I live gasoline just jumped about 25¢ a gallon almost overnight. I had to do a double-take when I drove past the gas station. It's beginning to look as if we've seen the bottom. This is exactly what I expected.
We need more shorts, not fewer. They bring fresh money to the party, and that's what I'm here for. The more they lose, the better for us (longs.) If nothing else, this further strengthens my long-held contention that short sellers can only manipulate markets to a limited extent for a finite period of time. Trying to bash a stock on message boards is a fool's errand. There will always be shorts in the game, and I don't have anything against them personally. Message to shorts: Keep bringing your money to the table, and we'll keep relieving you of it.
ARG is a conundrum. On the surface it looks like a relative bargain based on both the fundamentals and the chart. The recent boost in the dividend had absolutely no effect. This message board looks totally deserted with almost no participation by individual shareholders. I don't presently own ARG, but this message board gives me absolutely no reason to be interested in buying it.
Looks like someone just cleaned out all the sell orders from about $14.75 to $14.99 in less than 10 minutes. I can't imagine who might have done such a thing on a quiet Friday morning while no one was looking.
Considering the relatively low - but rising - price of crude, this could be an opportune time to grab some bargains. It's a lot less likely that a bidding war will erupt than it was a year or two ago when prices were a lot higher. So far, oil prices have done almost exactly what I predicted here in mid-2014. Those who were looking for $40, $30, and even $20 oil are still waiting. The dramatic shakeout in mid-October, 2014, was the chance of a lifetime for investors with guts. No guts, no glory. $85 for MMP is now within easy reach. $90 can't be far behind.
If you don't like it, don't read it. No one is forcing you to read or post anything on this or any other board. You may not agree with what is written, but an expression of opinion is fundamental. You're free to put anyone you find annoying on 'ignore.'
How did that trade work out for ya? Did EPD ever drop to $25? Did it even get below $30? Was Cramer's call right? As I said below, Cramer is THE KISS OF DEATH!
So far, the split has been a huge bust. The unit price is lower today (4/22/15) than when it split. The only thing the split did was to seriously mess up the historical price data that Yahoo is reporting. Here we are 9 months later, and Yahoo still refuses to correct their error. The chart is meaningless - and very confusing to new potential investors. The distribution increases are still increasing by exactly the same percentage as before the split. Nothing good has come out of the split, except that you have the dubious privilege of paying double the commission to sell.
Can't afford to sell. My cost basis is somewhere around $1.95. I'm in 'till I die.
Opko is a "development stage" company. That makes is extremely difficult to value the assets with any degree of certainty, which means that any offer will be way below the eventual potential value. I'd be a lot happier to wait and get a better price based on actual sales and earnings rather than take a huge discount based on no demonstrable history. Dr. Frost impresses me as someone who likes being in full control and who has the patience to take things one step at a time. Most longs have a nice gain at the present price, so I see no need to cut and run when the party is just getting started. (Sorry shorts.... you're screwed!)