SHLX......Shell Midstream Partners coming off their recent IPO at the end of October 2014....It will double by the end of 2015 as Big Daddy Parent (Royal Dutch Shell) spins off assets in the USA under the SHLX /MLP umbrella of holdings it gave them to form the start of their asset holdings. This is how new MLP's (Master Limited Partnerships) grow revenue as they acquire more assets and avoid corporate income tax from the parent company ownership. RDS is the largest of the large caps around town.
I just picked up 200 shares of this about 10 days ago for a long term hold. Owned, and still own a lot of ARCP shares, not selling after their accounting error fiasco. Once the dust settles it should come back to the mid $10 range. Their credit downgrade was another blow last week that will take some time to rebuild even though their portfolio is solid.....another reason for diversity in your holdings and not going real deep into any single stock.
I suggest you sell on that news and quit bothering the board.
I am happy...up 18% in 43 days buying at the IPO first day. What's wrong with that? In six months it will be $45.
KMI shares trading today are have been trading dead in the middle ground of the two swap cost basis I mentioned for both conversions......$43.221 & $39.495 average of $41.357 Some of us are up today, and some are down a bit. The volume weighted average price so far today is $41.41 on a 5 min time frame.
It seems we have different opinions as to the final $$ value amount of KMP shares at the official swap date and time outlined as the official date of record. Sometimes they will take the average trade price for the day. KMI web site should be the official answer.
Here is my view on the cost basis....I took the cash and share conversion for KMP shares. KMI web site listed the KMP share price of $94.79 on the swap date....$10.77 cash and $84.02 credit for shares = $94.79 . Shares were given in this model X 2.1931 conversion to KMI shares.....I think we would divided $94.79 by 2.1931 to obtain the cost basis of the new KMI shares.....answer would be $43.2219 cost basis of the new KMI shares. Your capital gain or loss on KMP share units depends on your individual KMP Cost of Share units + or - from $94.79 (as the sale price in the exchange) X the KMP shares you held on the swap date.
If you opted for a total share (no cash) swap, you would have a lower cost basis dividing $94.79 by 2.4 = $39.495 because you received more shares of KMI. I took the cash option because I had sold off 200 shares of KMP earlier in the summer at $95.02 with a cost basis of $79.10 ....I was already facing a capital gain on those shares, and have additional capital gain now on the final 55 shares I just converted. K-1's should cover all these issues as other's have stated.
You will regret your early get out move. Must have bought on margin to cut and run so fast.
It seems the analyst have established some value, and they like what they see. Volatility will ride a roller coaster as folks reap profits along the way.
Sentiment: Strong Buy
And I believe it will hold over a 30 day cycle. "Daddy" parent will take care of things, great assets to bring along, investors have faith and will pay the P/E betting on the 12 month long term. Personally buying oil at these low prices.....bought NOV, and added more BP. 80% of oil use in Shanghi goes to manufacturing. Thank RDS/Shell Oil for that tidbit of FYI. Energy prices will return, just need to feed the economy for a short time frame to catch their breath again.
Similar formations in the Cooper Basin just to the North East......been producing strong for several years now from major players.
I hope not, Sear's is dead, but still alive and breathing. Tired stores, poor retail display, cheap mdse., retail customer service level is average. Target is kicking their #$%$ for many years now. Sears is not hip with teens, 20's, or 30's generation shoppers. I only shop Sears for scratch & dent appliances for rental units.
Instead of buying new properties.....how about buying back shares to give us a vote of confidence in the management of this outfit. I am thinking of buying some more at these prices
Now I feel better, I got a better price than most of them. Lot's of swings up and down.....waited and bought more shares cheaper after the IPO day. Wait for the over allotment shares to hit the street down the road.
Still here never sold a share, but not buying any either. This is taking to long to build it's market, and it's been dead money sitting around doing nothing. Not posting much, too much dribble to put on ignore.