Don't look for a buyout, or even a merger. Not likely, IMO. However, the action today was different. Heretofore, on days when it was strong, it nearly always gave back most or all of the gain in the last half hour. Not so today. It held very near the high on a day when other MLPs were mixed. I'd love to see it continue, but I'm not optimistic. If it gets back to the mid-80s, I'll be very tempted to lighten my very over-weight holding.
IMO, MMP and EPD are both undervalued. The analyst forecast for EPD is $39, but it acts more like the forecast is for $29 instead. I believe a year from now, they'll both be significantly higher. Given the weakness in the sector, some mergers wouldn't surprise me. But, I doubt that that's what is going on today with MMP.
This thing is making me car-sick. Up, down, go, stop, red, green..... I'll need an air-sickness bag by my computer. When ya have 8000 units, every cent matters.
I bought at 96 and sold at 126. Had a feeling in my gut that this thing was all hot air and hype, but I didn't have the guts to go short. It'll probably go to 200 now that I said that.
If you don't understand the price, let me explain. The last sale for each unit was thirty dollars and eighty-four cents. That's approximately thirteen cents higher than the low price for the past 52 weeks. Personally, I find this price sickening. My best guess is that the possibility of a change in the tax code is gaining traction, and the preferential treatment of MLPs is on the chopping block. Possibly the inheritance treatment or the distribution. This is purely a guess, but I don't see any other explanation for the dismal price performance. I've been tempted to buy more but will hold off for now. I already have way too much in it to feel comfortable risking more.
Testing the 52-week low of $30.71. Is this because oil is falling off a cliff? Is it because of the imminent rise in interest rates? Is it because the overall market has been plunging? None of these things are happening, so what's the reason? There has to be some plausible explanation, but I can't find it. Inevitably, rates will rise. That's obvious. I've been holding off adding to my position, and I've been right to do so. Eventually, EPD will be a screaming buy, but I'm not convinced it's there yet.
Oil will not be gone in our lifetime. The better question should be, when is RECOVERABLE oil going to be used up? There are vast amounts of oil in places where it is just too expensive, at present prices, to get it out of the ground. The next question, is when will renewable (solar, wind, tidal, etc.) energy replace petroleum? Lurking in the background is the question of when will another war break out. Oil is an extremely complex market, and there are no simple answers. When you're talking about MLPs, the price of the commodity is pretty much irrelevant. Most MLPs don't make their money by buying or selling oil and gas. They make it by moving and storing the commodities. They provide a service. Upstream or downstream, producers or refiners or shippers, all need to move the commodities for them to have any value. Oil or gas coming out of the well is worthless until it gets to where it's needed. That's where MLPs come in. They provide essential services that are sold under fixed contract prices. That's why I like MLPs. They use periods of weakness to grab bargains from the more financially shaky outfits that got in over their heads. That's what is happening now. The strong will get stronger, and the weak will be taken over.
Nothing whatsoever wrong with ETFs. I have long held the belief that 98% of individual investors would be a whole lot better off sticking entirely to ETFs. VTI is my favorite, by far. VOO is okay. As a former stock broker with nearly 60 years of stock market experience, I know the game. Sadly, most people don't see the light until it's too late. Enron, anybody?
With very few exceptions, this board has become a platform for insults, bullying, name-calling, and ridicule. The few constructive and informative posts are too hard to find among the garbage. I suspect that some longs are fed up with the tone of this board and are leaving both the board and the stock. That's it. This board isn't worth my time.
Based entirely on what several doctors have told me, insurance is the all-important factor with 4Kscore. A urologist said he charges $2500 for the test, so "figure it out... would you pay it out of your pocket?" (Having had 2 biopsies, my personal answer is a resounding YES. But, that's me. I hate pain.)
You're dreaming. What are you smoking? (I want some!) Oct/Nov at the very earliest. Both stocks will be steady or lower until then. After the deal closes, I don't expect a quick recovery. I wouldn't look for $20 in under a year, but that's still a decent return from the present price. 3 to 5 years out, you'll probably be very happy, but the days of 50% annual price growth are most likely finished. Keep your expectations in check, and have your raincoat and boots handy.
Dr. Frost does NOT eat lobster! In fact, I doubt that he eats meat.
The idiots from the GE message board look for very active boards to harass. They don't seem to have found the BRLI board yet, so I'm moving over to there. Maybe they'll get bored and go away. In any case, it's best to just ignore them.
A track record that is miles long. That's the short answer. Success. Brilliant business strategy. He sees BRLI as an expeditious shortcut to the goal of bringing 4Kscore to market. If you own BRLI, you're already benefiting from Dr. Frost's following. BRLI was around $33 the day before the announcement. It's now over $40. That's over 20% gain. Next question.
Interesting that the first question was from Ladenberg, Thallman. That's Frost's company! If they don't have all the answers by now, who does?
Your description of Dr. Frost as sounding like a sedated possum was right on the money. I fell sound asleep. Should have recorded the cc for when I have trouble sleeping. He has a great future in hypnosis.