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American Midstream Partners, LP (AMID)

NYSE - NYSE Delayed Price. Currency in USD
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12.35-0.30 (-2.37%)
At close: 4:02PM EDT
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  • Someone had a lot of $12.50 call options on Friday. They ran the price up.
  • AMID is up 5.33% to 11.85
  • Closing in on its 52 week low. I didn't think it would get beat up this bad technical analysis showed this stock in the high 12s low 13s. when I bought it at 12.05 a share
  • Have they been acquired??
  • Be interested when this is sub 10
  • The JPEP deal diluted AMID stock by about 25%... the deal closed March 8. The closing price on 3/7/17 was 16.45...75% of that is 12.33...so it seems like the market has got it about right until we get some results post merger. The oil price environment is certainly impacting in a negative way too. Indications are the dividend is safe and will be increasing soon...The stock will eventually go up once the value of the merger is recognized and oil prices recover some. The upward moves may be pretty big once that happens.
  • Just here for the yield.
  • Algorithmic trading all the way
  • Wow, hit 11.35 today!
  • I have traded AMID a lot. If we get a bounce back to $12.50 I'm out.
  • Although this shouldn't be the case, AMID trades with oil prices rather than with production volumes. Oil prices remain depressed primarily out of fear that US shale production will thwart the effect of OPEC's production cuts. I believe the street is overestimating the volume of new shale production over the next 18 months for three reasons. First, costs are rising quickly. Especially the costs to frac wells. Costs are already up $3-5 dollars a barrel since the first of the year and will likely continue to rise. Second, legacy production in the Permian is declining at an escalating rate. The projected drop for April was 120K barrels per day. Finally, producers are mostly unhedged for 2018 and if backwardation continues in the futures market they will not be able to lock in prices. These three problems should result in shale production rising at a slower rate going forward which should be supportive for oil prices and AMID's stock price.
  • Well, it's obvious that AMID and all the other midstream companies are closing up shop and going broke, right??? No more shale and the pipes will slow to a trickle.. these stocks are only worth pennies on the dollar! At least that's the way they are trading. Place your bets..
  • Its times like this when I have to remind myself that there is no difference between AMID now and four months ago except that both EBITDA and DCR are trending upward. The company itself is worth as much or more now than it was then.
  • One of my few green stocks today.
  • Do you think this thing is done selling? Showing us a buy signal now on AMID? have you guys heard of AWEsome.STOCKS. i started receiving their allerts and so far i am happy.
  • I would also point out that US production increased by a mere 6K barrels per day over the last two weeks. Two weeks does not make a trend. But it is well below what was anticipated. Be very interested to see this weeks number.
  • Wow, based on the SA article I'm not the only one unhappy with AMID. Have never seen so many responses to a 2 bit company like this one
  • Stunning the way this stock is controlled by the mm's !
  • Unless we think shale is going to be put out of business and midstream crash due to counter party risk this is a huge opportunity to accumulate more shares. Everything I read and hear is that shale is here to stay, leaner and meaner, with rising volumes for foreseeable future. Add to that the fact that global demand continues to rise (clean energy is growing to meet some of that demand but nowhere enough) while capital investment for new production in most of the world is severely lacking to replace current production means prices will rise all too soon and probably contribute to the next global downturn/recession. So, for long term investors I think buying shares of profitable and growing businesses with tax favored 13% yield and almost certain significant capital appreciation over the medium term is pretty hard to beat. Oh, and being that it is getting harder and more expensive to build pipelines, plants, etc.. the existing assets are going to become more valuable over time even with better regulatory environment.
  • So far so good but would like to see more volume. We are not out of the woods yet.