This looks like what those Canadian energy companies tried to do some years back and I lost my #$%$ on them when the Canadian government decided to make all the trusts that wanted to become reits regular companies or something like that..don't recall exactly.
with the new year after all the TAX HARVESTING is over with. I, too, have been considering selling some at huge loss...but decided not too. At least half the downfall is due to tax harvesting and...whatever...oil is GUARANTEED to go back up. When is anyone's guess...but oil is required for human existence these days and it is a finite resource. What has been happening recently due to the Saudis cannot continue because I believe even they are losing money on this. In fact...What the Saudis are doing will be a lesson learned for all other countries NOT TO ALLOW ANY SINGLE COUNTRY HAVE SO MUCH POWER OVER SUCH A NEEDED RESOURCE...and the oil industry should explode in other countries..especially the US..as a result of this...EVEN IF IT HAS TO BE SUPPORTED BY THE GOVERNMENT. Wait and see.
HP and the other mlp's like LINE and VNR which tanked should EXPLODE UPWARDS WITH NEW YEAR!!!
Definitely. My guess is that when 2015 starts and tax harvesting is over...line will go up alot but not all the way...then as oil climbs back up...which it eventually must since it is a limited resource..line will go back up again..perhaps all the way.
It is GUARANTEED that oil prices will eventually go up. Why? 1. Because oil is necessary for the existence of society, and 2. There is NOT an unlimited supply of oil. So..oil will go back up. When? Who knows, but it doesn't matter.
Thing is..even the Saudi's are losing $$$ at the current oil price...soooo...it is OBVIOUS THAT THIS CAN'T BE A PERMANENT ORDEAL, RIGHT!?!?!?
it will stop when oil goes up. Oil is a required resource for the existence of society...and it is a limited resource. Guaranteed to go back up in price.. as to when, I don't have a crystal ball.
to buy a stock AT EXTREME LOW VALUATION!!!...unbelievable..I think most of this crash in line and other such stocks/mlps is due to the time of year and tax loss harvesting. I think the Saudi's timed things just for this. In the end, I believe this Saudi #$%$ with keeping oil prices low to put competitors out of business WILL BACK FAIL ON THEM...because the US and other countries now know for sure that they CANNOT allow 1 country to essentially control the price of oil..and other countries will seek their own oil even more so than before...and regarding the US...this will probably happen EVEN IF THE GOVERNMENT HAS TO BACK THESE COMPANIES!!! ... I believe this is a possiblity down the road. Any thoughts on this?
Possible solution: U.S. stops buying oil from the oil cartel..in fact..the US and Europe stops buying it...from them..and produce their own..put the cartel out of business.
They sent me an email as to when I should expect to get it and they say on or before Nov 26. Today was Nov 26 and I haven't received it yet? Am I the only one?