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Old 04-19-2016, 05:01 PM   #1001
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So I think oil is close to $42 today. My crystal ball says it will be around $50 by the end of the year. Then around $60-$70 in 2017.

Here is a guys videos I like to watch. He puts one out almost everyday on the oil market:

https://www.youtube.com/channel/UCLK...16ge1ng/videos
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Old 04-19-2016, 05:05 PM   #1002
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I sold almost all of mine at $3.60 only about a week ago. It literally hurts my head to think about how much more money I could've had if I held it one more week. I still made money as I bought multiple times between 2.25-3.50. I didn't want to be a "hog" and get slaughtered so I sold early. Oh well. I kept 1000 shares so that's worth something at least.

My gamble has all been on the midstream MLP sector using AMLP etf. I plan to keep it "forever". Currently I will get around $24k per year from income and there is a long track record for steady distribution growth. My expectation is yearly growth around 5% or so. Given that my living expenses are around $28k this is a significant amount for me.
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Old 04-19-2016, 08:59 PM   #1003
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And back down it goes again...

Kuwait Oil Workers Ending Strike After Three-Day Disruption - Bloomberg
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Old 04-20-2016, 10:05 AM   #1004
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I sold almost all of mine at $3.60 only about a week ago. It literally hurts my head to think about how much more money I could've had if I held it one more week. I still made money as I bought multiple times between 2.25-3.50. I didn't want to be a "hog" and get slaughtered so I sold early. Oh well. I kept 1000 shares so that's worth something at least.
I thought in March you bought around 15,000 shares? You sold them all but 1000?

That is exactly the amount I still have of SDLP. I sold 4000 for $3.50 that I bought for $3.05 but kept 1000. Today it is $5.17. Kind of sickening.

Even worse though I sold all of my Gilead call options for a profit when it hit $93 and today it is near $101. Missed out on about $30,000 there.
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Old 04-20-2016, 12:09 PM   #1005
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I thought in March you bought around 15,000 shares? You sold them all but 1000?

That is exactly the amount I still have of SDLP. I sold 4000 for $3.50 that I bought for $3.05 but kept 1000. Today it is $5.17. Kind of sickening.

Even worse though I sold all of my Gilead call options for a profit when it hit $93 and today it is near $101. Missed out on about $30,000 there.
I was considering buying 15,000 but ended up buying 9500 total between $2.25-3.50 then sold 8500 at $3.60. The 9500 shares equaled nearly 20% of my liquid net worth so missing out on this big run up is a big deal for me. Oh well, at least I didn't loose any money.
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Old 04-20-2016, 01:49 PM   #1006
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I figured things would be down today but just checked and AMLP is up 2.70% to $12.19 now. I'll take a look latter and see what happened.

This might catch up to my avg cost of $13.80 before I can invest anymore money. Oh well. I'll be glad to put money into something else for a change.

If any of you feel like you don't want to miss out, you can still buy into AMLP for a cheaper price than I did overall.

Maybe I will look at buying some SDLP after AMLP passes $13.80 mark.
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Old 04-20-2016, 02:00 PM   #1007
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1000+ posts... Wow!
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Old 04-20-2016, 02:49 PM   #1008
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1000+ posts... Wow!
We like oil.
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Old 04-20-2016, 07:43 PM   #1009
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We like oil.

Lol, certainly entertaining market this year!


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Old 05-11-2016, 01:53 PM   #1010
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So dividend payout info has come out which is a good time for an update on my oil/MLP gamble.

Well this is unfortunate, the AMLP mlp etf has roughly a 25% dividend cut for this quarters payout. Not sure where that came from as last time I looked at individual companies they had all raised or maintained.

Anyway, I changed my portfolio back on April 26 and took a $24k capital loss selling down on AMLP. AMLP is still my largest holding though. I also sold off my individual stocks (at a profit) and consolidated everything into ETFs or CEFs.

Current portfolio looks like:

29.36% in MLPs ETF (AMLP)
26.35% in Global REIT/Utility/Infrastructure CEF (DRA)
11.83% in Mortgage REITs ETF (REM)
11.18% in MSCI World idx, Covered Call CEF (EXG)
10.99% in S&P 500, Covered Call CEF (ETY)
10.21% in BDCs CEF (FGB)


Main reason for changing was I just became uncomfortable going all in.

I have no plans to sell anymore shares. Not entirely sure where I will allocate dividends though.
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Old 05-11-2016, 09:03 PM   #1011
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What will we hit next, $30 or $60?


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Old 05-11-2016, 09:41 PM   #1012
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What will we hit next, $30 or $60?


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My money's on $30.
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Old 05-12-2016, 02:24 PM   #1013
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My money's on $30.

Same here.


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Old 06-07-2016, 01:33 PM   #1014
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Closes over $50 since July.

That's the alert I get from the CNBC app on my iPhone.
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Old 06-07-2016, 02:52 PM   #1015
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Yep!
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Old 06-07-2016, 02:53 PM   #1016
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I'm sad(sold too early)
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Old 06-07-2016, 03:12 PM   #1017
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I'm sad(sold too early)
Just wait, the Iranians will fix that soon!
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Old 06-07-2016, 03:14 PM   #1018
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Just wait, the Iranians will fix that soon!
If SDLP goes back down under $5, i'm buying. Of course if I buy then it's guaranteed to plummet.
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Old 06-07-2016, 09:30 PM   #1019
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I am done betting on oil. I got hurt. If oil goes back up, I may go back to work for a while, but that's it.

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Old 06-08-2016, 09:03 AM   #1020
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I guess so much for sell in may...
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