Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Old 08-31-2015, 12:15 PM   #461
Full time employment: Posting here.
ESRwannabe's Avatar
 
Join Date: Mar 2010
Posts: 608
Quote:
Originally Posted by brewer12345 View Post
Ding! Somebody just rang the bell. If this has legs we may see the largest short covering event in years: Oil Jumps to One-Month High as OPEC Ready to Talk to Producers - Bloomberg Business

I knew it would happen eventually, but I figured it wouldn't be until 2016. Glad I went very long on the MLP sector. I got into AMLP at a share price lower than 5 years ago.
__________________

__________________
ESRwannabe is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 08-31-2015, 12:19 PM   #462
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
brewer12345's Avatar
 
Join Date: Mar 2003
Posts: 16,274
Quote:
Originally Posted by audreyh1 View Post
Seriously!!!

I just looked, and couldn't believe it was at $48!!! When it was $39 on Wednesday.
There is a monster short interest in both oil futures and pretty much every oil and gas producer. With a pretty mild amount of fundamental good news the upside could be pretty big if all the shorts run for the exits at once. I have find memories of a widely hated small cap stock that got short squeezed from the teens to $70...
__________________

__________________
"There are three kinds of men. The one that learns by reading. The few who learn by observation. The rest have to pee on the electric fence for themselves."



- Will Rogers
brewer12345 is offline   Reply With Quote
Old 08-31-2015, 01:28 PM   #463
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
audreyh1's Avatar
 
Join Date: Jan 2006
Location: Rio Grande Valley
Posts: 14,587
Quote:
Originally Posted by ESRwannabe View Post
I knew it would happen eventually, but I figured it wouldn't be until 2016. Glad I went very long on the MLP sector. I got into AMLP at a share price lower than 5 years ago.
Rises caused by short squeezes may be temporary.
__________________
Well, I thought I was retired. But it seems that now I'm working as a travel agent instead!
audreyh1 is online now   Reply With Quote
Old 08-31-2015, 01:32 PM   #464
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
brewer12345's Avatar
 
Join Date: Mar 2003
Posts: 16,274
Quote:
Originally Posted by audreyh1 View Post
Rises caused by short squeezes may be temporary.
Fine by me so long as the squeeze goes far enough.
__________________
"There are three kinds of men. The one that learns by reading. The few who learn by observation. The rest have to pee on the electric fence for themselves."



- Will Rogers
brewer12345 is offline   Reply With Quote
Old 08-31-2015, 02:09 PM   #465
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
REWahoo's Avatar
 
Join Date: Jun 2002
Location: Texas Hill Country
Posts: 40,625
Quote:
Originally Posted by brewer12345 View Post
I have find memories of a widely hated small cap stock that got short squeezed from the teens to $70...
+1

We're all hoping for a find like that...
__________________
Numbers is hard

When I hit 70, it hit back

Retired in 2005 at age 58, no pension
REWahoo is offline   Reply With Quote
Old 08-31-2015, 03:36 PM   #466
Thinks s/he gets paid by the post
 
Join Date: Sep 2012
Location: Seattle
Posts: 2,507
I kind of made a big mistake selling SDLP for a 10% one day profit when now it is up 25% more :/
__________________
Fermion is offline   Reply With Quote
Old 08-31-2015, 05:34 PM   #467
Thinks s/he gets paid by the post
 
Join Date: Sep 2006
Posts: 1,593
Well at this rate Boone Pickens will have his $70 oil at the end of the week
__________________
Running_Man is offline   Reply With Quote
Old 08-31-2015, 05:42 PM   #468
Thinks s/he gets paid by the post
 
Join Date: Jan 2006
Posts: 2,860
Quote:
Originally Posted by Fermion View Post
I kind of made a big mistake selling SDLP for a 10% one day profit when now it is up 25% more :/
At least you profited off it. I bought it at $14/share. I bought more at $9 but still need it to get up to almost $13 to break even.
__________________
aaronc879 is online now   Reply With Quote
Old 08-31-2015, 07:47 PM   #469
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
audreyh1's Avatar
 
Join Date: Jan 2006
Location: Rio Grande Valley
Posts: 14,587
Quote:
Originally Posted by running_man View Post
well at this rate boone pickens will have his $70 oil at the end of the week
LOL!
__________________
Well, I thought I was retired. But it seems that now I'm working as a travel agent instead!
audreyh1 is online now   Reply With Quote
Old 09-01-2015, 10:26 AM   #470
Full time employment: Posting here.
ESRwannabe's Avatar
 
Join Date: Mar 2010
Posts: 608
Just had another $1,000 come in to invest and put it into AMLP a few mins ago. I'm going to keep adding until the oil market normalizes (i.e. completely subjective) which could mean it stays as is around $40-$50. My guess is I'll stop investing into MLPs sometime next year. I'm up to 18,250 shares in AMLP currently.

Besides MLP sector index the only other oil related bet I have is a tiny 300 shares of SDLP purchased a few weeks ago. I think I mentioned it in this thread.

Its a shame I'm so poor. I never seem to have any money. Every time I get money it burns a hole in my pocket and disappears.

What I'm really hopping is that the market in general tanks. I would not mind holding off ESR for 6 more years when I'm 45. If the broad market tanks I will start putting all income into Vanguard's High Dividend Yield etf (VYM).
__________________
ESRwannabe is offline   Reply With Quote
Old 09-01-2015, 04:06 PM   #471
Thinks s/he gets paid by the post
target2019's Avatar
 
Join Date: Dec 2008
Posts: 3,462
F-I-L purchased XOM today at $72.00. Need to reload...
__________________
target2019 is online now   Reply With Quote
Old 09-02-2015, 09:02 AM   #472
Recycles dryer sheets
 
Join Date: Sep 2008
Posts: 140
Have you guys ever consider or look at
BP Prudhoe Bay Royalty Trust (BPT)

It has a nice dividend!
__________________
HF63 is offline   Reply With Quote
Old 09-02-2015, 09:17 AM   #473
Moderator Emeritus
aja8888's Avatar
 
Join Date: Apr 2011
Location: The Woodlands
Posts: 6,058
Quote:
Originally Posted by HF63 View Post
Have you guys ever consider or look at
BP Prudhoe Bay Royalty Trust (BPT)

It has a nice dividend!
It has a nice dividend, until...

1. Production falls off (no new drilling in PB, well output declining),

2. Profits shrink due to low crude oil prices,

These oil trusts are declining assets unless new oil is produced.

Be careful!
__________________
......."Everybody has a plan until they get punched in the face." -- philosopher Mike Tyson.
aja8888 is offline   Reply With Quote
Old 09-05-2015, 08:30 AM   #474
Recycles dryer sheets
 
Join Date: Sep 2008
Posts: 140
Here are 2 more ETF's that are MLP's and they seem interested!


YMLP


YMLI
__________________
HF63 is offline   Reply With Quote
Old 09-05-2015, 10:23 AM   #475
Thinks s/he gets paid by the post
redduck's Avatar
 
Join Date: Mar 2005
Location: yonder
Posts: 1,923
Quote:
Originally Posted by HF63 View Post
Here are 2 more ETF's that are MLP's and they seem interested! (highlights by redduck)

YMLP

YMLI
Yes, and that's what sets them apart from all the other MLP's.
__________________
Carpe cōleī
redduck is offline   Reply With Quote
Old 09-05-2015, 07:20 PM   #476
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Ed_The_Gypsy's Avatar
 
Join Date: Dec 2004
Location: the City of Subdued Excitement
Posts: 5,262
I have no inside information and I wish them well, but I think there are hard times ahead for BP.

I think Chevron and ExxonMobil are better bets at this time.

However, I am not buying oil no mo.

Sent from my SM-G900V using Early Retirement Forum mobile app
__________________
my bumpersticker:
"I am not in a hurry.
I am retired.
And I don't care how big your truck is."
Ed_The_Gypsy is offline   Reply With Quote
Old 10-03-2015, 12:09 PM   #477
Thinks s/he gets paid by the post
 
Join Date: Aug 2004
Location: Houston
Posts: 1,420
This doesn't look good:


http://finance.yahoo.com/news/exxon-...040100418.html
__________________
soupcxan is offline   Reply With Quote
Old 10-03-2015, 02:51 PM   #478
Moderator Emeritus
aja8888's Avatar
 
Join Date: Apr 2011
Location: The Woodlands
Posts: 6,058
Quote:
Originally Posted by soupcxan View Post
My old company is busier than all get out on acquisitions of producing assets. They have recruited me to help out (at a high rate also). Lots of "stuff" for sale. I just got back from ND on a 300 well sale. Crazy. Most buyers are Private equity firms or small independents that grew through acquisition and not new drilling.
__________________
......."Everybody has a plan until they get punched in the face." -- philosopher Mike Tyson.
aja8888 is offline   Reply With Quote
Old 10-04-2015, 05:11 PM   #479
Full time employment: Posting here.
ESRwannabe's Avatar
 
Join Date: Mar 2010
Posts: 608
I have been researching Marathon Petroleum (MPC) and I really like what I see. When I get more money I might buy some.

What originally caught my eye was when MPC's MLP (MPLX) recently acquired MarkWest (MWE).

MPC is a pretty new company (2011) which was spun off from Marathon Oil. MPC was primarily a downstream company but with the recent MLP acquisition they are also now the 4th largest midstream MLP and 2nd largest MLP when it comes to natural gas.

MPC is the fourth largest refiner in the US and also recently became the 2nd largest company owner of gas stations in the US.

Most of their business is focused on the eastern and mid-eastern part of the US. They have a really nice setup with refinery, pipeline and gas stations covering the region.

The P/E is cheap at 8.40. They also look very shareholder friendly, dividends have increased by huge amounts and the payout ratio is still only 17%. They have also done huge amount of stock buy backs (25% of shares since going public in 2011!!!).

They have done a great job exploiting the Opec-planned oil panic. As a refinery low oil price is usually good or irrelevant as what they care about is the crack spread. Anyway they took advantage of the panic to acquire their way to 2nd company owned largest gas station and now 4th largest MLP. Better yet the MLP is 2nd largest for natural gas which is going to be huge as more power plants move from coal to ng.
__________________
ESRwannabe is offline   Reply With Quote
Old 10-07-2015, 10:10 AM   #480
Full time employment: Posting here.
ESRwannabe's Avatar
 
Join Date: Mar 2010
Posts: 608
It looks like oil is starting to go up. I think its back to $50 now. We might find it back to $70+ by next year.
__________________

__________________
ESRwannabe is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


 

 
All times are GMT -6. The time now is 05:27 PM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.