Help me get this... is the trigger is the fall in low oil prices? whats that got to do with fgp buissness? they dont sell the oil they only transport it, as far as i understand low prices will get more oil in need of transportation is it not? enlighten me
Check out the NOAA predictions for the 2017/2018 winter. Most of the country has an 80% chance of above normal winter temperatures.
I guess the "$6.50 bottom" group of pumpers have all flown the coop?
A 4-handle, and not a single pumper is apologizing to those of us who were giving them the prescient advice to sell. Sad.
I am America Restored and...I'm a basher and recovering bagholder. You see, it wasn't always this way. Once upon a time, I traded the quarterly swing like so many. I intended to accumulate free, income-producing units every quarter for the rest of my life. But alas, management that was simultaneously greedy and inept changed all that. When I finally saw the writing on the wall, I liquidated my remaining core position for $16.58/unit. But I'm one of the lucky ones. One can't solve a problem he doesn't acknowledge exists. Those in denial lost another 70% from that level. Admitting the problem is better late than never. You too, can see the light before your remaining position dwindles away.
Today, I don't even own puts in this sorry POS. All I have is disappointment in what could have been.
Yahoo Finance Insights
FGP reached a new Ten Year Low at 4.91
When there is another cold winter, and there will be one someday (from the earnings call) the 160mm not paid to unitholders can be used to pay down debt. Is it safe to interpret from that statement that the distribution of 2.00-2.05 required a cold winter to cover completely without adding to debt? Between 2014-2016 company debt (from balance sheets) went up 600mm. That = 3.75 cold winters to cover. 2017+3.75 = 2021. Lots of debt coming due around then. Lets hope it starts snowing any day now!
Reported that there's an 80 percent chance tha winter will be warmer than normal. Not looking good for Fgp!
Today I'm scared... i admit it
How surprising is this movement this morning... maybe we'll start seeing short covering
Does anyone know why Yahoo displays an after hours trade from the PREVIOUS day after TODAY's close?
As pipeline infrastructure expands, what role will rail play in getting crude to market? IHS experts Kevin Birn and Juan Osuna offer their take.
I'm really fascinated with the jubilation of our shorts on the news. They deserve credit for some good analysis, amazing persistence and their intriguing ego gratification on this conversation. While I still believe in FGP’s eventual recovery and their ability to comfortably cover the dividend payout I also appreciate those few dedicated short pumpers (pumping down) who work hard and creatively to help speculative longs find a good dip now and then. I know a few of the folks who are buying almost a million money making shares at a great discount today. Thanks again guys.
BTW James, I took the time to go over past conversations and found many unsupported shorty allegations and abusive invective directed at perfectly good folks, including FGP employees, who deserve respect, not pervasive scarefare. For the sake of all I’ll leave the past behind and look forward to a more professional conversation. Good luck to all.
I'm willing to entertain apologies from any Bagholder/Pumper that said I was wrong. Please use this thread to make your best apology for my consideration. Thank You!
Look at that we are recovering nicely. hope this sustains...
Working on the theory that analysts are often a day late and a dollar short, and predict events and trends after they have happened (postdicting, anyone?), Motley Fool may have just called the low. A few hours ago, they posted an unvarnished warning to NOT buy FGP. Eight days ago, they posted a much milder warning, touting SPH as a better buy. But who really knows?
propane gas customers who buy it, will buy it, propanes has growth potential
Anyone hear from WAA? Did he take a header off the GW bridge?