If you go to ETE under Key Statistics on this board, you will find the 50 and 200 day averages which are calculated daily on the column on the right side. Yahoo says they use "multiple data sources."
ETE has soared above the 50-day (8.20) and the 200-day (12.19) moving averages and is in an uptrend. People who fight the trend end up as losers. Same thing as investors used long ago when they said never fight the tape. The grave yard is full of the bones of those who tried unsuccessfully to fight the trend.
Looks like ETE (the bridegroom) is going to kick this bride (WMB) out of bed before this wedding takes place. Judge may call for a shotgun wedding if the price of oil continues to climb. That's the best solution for this wedding to pan out. In that case, all of the shareholders should benefit. Stay tuned. The plot thickens.
Deal is not going to be a non-taxable exchange under IRS code. Heavy taxes will wipe out much of the benefit WMB holders expect. Reason ETE has soared so much in recent days is because smart investors know what the outcome is going to be. With recent jump there'll be a short squeeze which will benefit ETE traders.
Those of us who bought at 3 expecting to make a buck or two feel like we ended up with a ticket on the first ship to the moon. Shorts will have to beg to get their shares now. Naked shorting has always been a dangerous game and looks like this could be the Mother of All short squeezes.
If price of oil can stay in the $35-$45 range (preferably higher) then deal will probably go through. If oil takes another big plunge back to the mid-20s, I don't believe it is going to work at all. Seems to me that the people who negotiated this deal should have had a better grasp of the turmoil that was brewing in the oil patch. Looks like a deal put together by a group of Pollyannas. Perhaps it would have been well to consult with a few oil experts if this is the extent of their personal knowledge about markets.
This is one merger that is beginning to look like it was put together by the Keystone Cops. The only sane head seems to be the financial executive who was fired, probably because he realized how sloppy the deal was working out with the falling oil price. Our management should take the fee for failure to carry out terms and get these deadbeats off its back.
AT&T has investment grade credit rating. But in my opinion it has less capital gains potential. SUN is just the opposite. More risk on distribution, but far more gain potential. You'll pay much lower tax on the SUN distribution.
ETE has run into profit-taking after run up. Shakeouts are needed so market makers can rebuild holdings for next move up. Sit tight. Better days ahead for those with steel nerves.
BOJA is challenging a three-month high today and has passed cleanly through the 200-day average by 10%. By being so far ahead of both should be bullish for the shares in this market when so many stocks are below both averages.
Hold 'til the cows come home! Or until conditions improve in oil patch. Pray a lot and try to remember that in the end management has a lot on the line if this company does not succeed. I am confident that they asked for an opinion from the large rating services before putting forth the new deal to raise money. They would not have gone through if it was a sure way for a downgrade because of future financing. However, your investment should be one that you are prepared to take some risk. If you really need this money, I'd take some of it off the table now. Some patience is going to be needed before your reward.
Kinda like borrowing from yourself to get you through a tight spot and then have yourself paid a reasonable amount for the risk and loan. Unless this stock bounces back to a decent level, the CEO will lose a lot more money than most of the folks posting on this board. He paid over $40 for some of the shares he owns. Look it up. It's published in insider buying.
Obviously, when a stock declines as much as TK, some investors will loose money, but can't recall a recent situation where so many firms have lined up to go after big bucks. We're concerned about future distributions from TK. It is hard to ignore so many claims because it seems certain to us that all of these are not frivolous. Your thoughts?
How about let's reach WTI $35 and hold it for couple days. Brent $38. Then talk about next goal.
The positive upgrade and designation by latest research report as the leader in the field is encouraging news. Coming earnings report with small decline in Book Value leaves the shares trading at only 83% of book, so there's room to grow. Dividend looks safe as well. The buyback is far from complete, so maybe NLY can get the wind at its back for 2016. Expect to see shares in uptrend above key support levels for foreseeable future. Looks like good entry point or place to add more cheap shares.
In last financial meltdown, nearly everyone firmly believed that General Motors would have to go into bankruptcy. But management said right up to a few hours before filing that they did not plan to go into receivership. They wiped out all the equity of old shareholders and the governments in US and Canada got most of the new shares for bailing them out. Does history ever repeat itself in the financial community? He who does not learn from the past is doomed to repeat it.
Someone reported BOJA earnings release coming after the close Thursday. (Feb.4) We even put this date on our calendar, but no report was forthcoming and no announcement of a delay. Strange. If March 3rd is new date, it needs to be communicated properly.