Running_Man
Thinks s/he gets paid by the post
- Joined
- Sep 25, 2006
- Messages
- 2,844
The oil pipeline MLP's that I mostly follow all went down much more than the market today, other sectors that have MLP's I was not referring to
thanks, so you were talking about MLPs going down in general or specific MLPs?
Are they cutting their distributions or just their share prices are going down?
I like XOM more now than before and have been buying chunks of it as it's dropped.
There's a lot of negativity... But not outright panic yet ask hopefully that comes soon. My thesis remains that oil is a limited critical resource that won't be replaced significantly for at least a couple decades.
I like XOM because comparatively low debt and good cash flow. They can buy up the good stuff cheap and ride it out.
Maybe oil goes to 20, maybe it goes to 100. Maybe there's another war, maybe there's a huge tanker spill. Who knows.
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I'm with you on this one. I'm planning to add to my position when it breaks $75/share.
Look out below. Oil just broke under $43 bbl support level.
I like XOM more now than before and have been buying chunks of it as it's dropped...
..Maybe there's another war, maybe there's a huge tanker spill. Who knows.
[edit] also, if you bought after the last oil spill you did quite well...
Oil prices will probably rise again, but it may a bit longer than this. A lot of new supply has come online in the last couple of years, while demand growth has slowed. Absent a new supply restriction, prices may stay low for a while.It may be towards the end of the year or early 2016.
Oil prices will probably rise again, but it may a bit longer than this. A lot of new supply has come online in the last couple of years, while demand growth has slowed. Absent a new supply restriction, prices may stay low for a while.
As interest rates return to their historic averages, energy dividend payers may find themselves strapped for cash.