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04-19-2016, 04:01 PM
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#1001
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Full time employment: Posting here.
Join Date: Mar 2010
Posts: 889
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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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04-19-2016, 04:05 PM
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#1002
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Full time employment: Posting here.
Join Date: Mar 2010
Posts: 889
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 Quote:
Originally Posted by aaronc879
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.
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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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04-19-2016, 07:59 PM
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#1003
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Full time employment: Posting here.
Join Date: Mar 2010
Posts: 889
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04-20-2016, 09:05 AM
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#1004
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Sep 2012
Location: Seattle
Posts: 6,023
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Quote:
Originally Posted by aaronc879
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.
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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.
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04-20-2016, 11:09 AM
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#1005
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jan 2006
Posts: 5,350
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Quote:
Originally Posted by Fermion
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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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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04-20-2016, 12:49 PM
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#1006
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Full time employment: Posting here.
Join Date: Mar 2010
Posts: 889
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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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04-20-2016, 01:00 PM
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#1007
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Gone but not forgotten
Join Date: Jul 2012
Location: Peru
Posts: 6,335
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1000+ posts... Wow!
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04-20-2016, 01:49 PM
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#1008
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: May 2008
Location: No fixed abode
Posts: 8,764
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Quote:
Originally Posted by imoldernu
1000+ posts... Wow!
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We like oil.
__________________
"Good judgment comes from experience. Experience comes from bad judgement." - Anonymous (not Will Rogers or Sam Clemens)
DW and I - FIREd at 50 (7/06), living off assets
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04-20-2016, 06:43 PM
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#1009
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Thinks s/he gets paid by the post
Join Date: Jun 2014
Posts: 1,069
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Quote:
Originally Posted by harley
We like oil.
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Lol, certainly entertaining market this year!
Sent from my iPhone using Early Retirement Forum
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05-11-2016, 12:53 PM
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#1010
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Full time employment: Posting here.
Join Date: Mar 2010
Posts: 889
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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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05-11-2016, 08:03 PM
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#1011
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Thinks s/he gets paid by the post
Join Date: Jun 2014
Posts: 1,069
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What will we hit next, $30 or $60?
Sent from my iPhone using Early Retirement Forum
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05-11-2016, 08:41 PM
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#1012
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Moderator Emeritus
Join Date: Apr 2011
Location: Conroe, Texas
Posts: 18,718
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Quote:
Originally Posted by dallas27
What will we hit next, $30 or $60?
Sent from my iPhone using Early Retirement Forum
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My money's on $30.
__________________
*********Go Yankees!*********
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05-12-2016, 01:24 PM
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#1013
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Thinks s/he gets paid by the post
Join Date: Jun 2014
Posts: 1,069
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Quote:
Originally Posted by aja8888
My money's on $30.
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Same here.
Sent from my iPhone using Early Retirement Forum
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06-07-2016, 12:33 PM
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#1014
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: May 2008
Posts: 7,436
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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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06-07-2016, 01:52 PM
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#1015
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jan 2006
Location: Rio Grande Valley
Posts: 38,139
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Yep!
__________________
Retired since summer 1999.
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06-07-2016, 01:53 PM
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#1016
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jan 2006
Posts: 5,350
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I'm sad(sold too early) 
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06-07-2016, 02:12 PM
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#1017
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Moderator Emeritus
Join Date: Apr 2011
Location: Conroe, Texas
Posts: 18,718
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Just wait, the Iranians will fix that soon! 
__________________
*********Go Yankees!*********
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06-07-2016, 02:14 PM
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#1018
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jan 2006
Posts: 5,350
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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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06-07-2016, 08:30 PM
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#1019
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Dec 2004
Location: the City of Subdued Excitement
Posts: 5,588
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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.
Sent from my SM-G900V using Early Retirement Forum mobile app
__________________
I have outlived most of the people I don't like and I am working on the rest.
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06-08-2016, 08:03 AM
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#1020
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Recycles dryer sheets
Join Date: Jun 2014
Posts: 440
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I guess so much for sell in may...
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