Yeah, another analyst downgraded another company after it declined by about 60%
Group downgrades are a positive sign, because analysts track past performance and tend to change positions near the tops/bottoms.
This seems appropriate to me. Domestic refineries are in a good position here, because carrying costs drop, while margins slightly improve and demand remains stable.
Yeah! Tesla can power their radio and with solar cells. That is probably almost as hard as moving a ton or two.
This is a margin call kind of move. Only forced sellers are selling at this price, but sadly the market is full of forced sellers.
Yes, you get .9856 shares of BBEP per share of QRE. This is so at any price.
you are asking a crowd for more precision on your own prediction. This would indicate your prediction is not based upon any rigor or thorough research. Based on at least as much research, I conclude they will make money in 2015, and that even if they do not, the business will survive for decades to come and the market valuation will probably go over $1 billion before the next decade begins. That is a 5x return in 5 years, but it is probable that more than half of the move will occur before 2017 begins.
Not so sure. QRE had a great book of hedges up through 2017, which BBEP now owns. They can slow capex for production growth, and still rely on pretty high contactual oil prices.
Should be worth a nice pop.
Could it be that this is a mid cap european company traded in the US that is volatile based upon those characteristics? These prices are gifts. They are in a growing business and now priced at about 10x the low estimate for 2015 earnings. And they missed by 1c.
I am in PBF and also considering adding PBFX. I agree that it is not boring, and also that it will become of greater interest as more assets come to it. I would have already bought some if not for the PBF stake, and it still owning half the partnership.
It is based upon energy prices. A producer is priced based on production and reserves. Reserves presume a declining price going forward. This is a big issue, as all of their oil reserves are being reduced to a much lower base, and that base is still presumed to decline. The distribution may not be so safe, and continued near-term growth is certainly unlikely, but the condition is probably not so dire as the market now fears.